| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $332,000 | +32.0% YoY |
| Median price per sq ft | $148 | 2,109 sq ft median |
| Median days on market | 64 | +13% YoY |
| Active listings | 73 | -4% YoY |
| New listings this month | 42 | September 2026 |
| Listings with a price cut | 17% | Share of active |
| Median sale price (closed) | $259,250 | +5.0% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 98.4% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 31.7% | 23 pending |
| Inventory vs 2019 | 43% | Active listings vs same month in 2019 |
Metropolitan market · Illinois · September 2026 data
What is the Effingham, IL real estate market doing?
As of September 2026, the median home listed in Effingham, IL asks $332,000, up 32.0% year over year. Homes spend a median of 64 days on market, with 73 active listings and 17% carrying a price cut; pending contracts equal 32% of active listings, and inventory sits at 43% of the same month in 2019 — a balanced market. Figures come from public records and industry data, updated monthly.
Median listing price
$332,000
▲ 32.0% YoY
Median $ / sq ft
$148
2,109 sq ft median
Median days on market
64
September 2026
Active listings
73
For sale now
New listings
42
September 2026
Listings with price cuts
17%
Share of active
Inventory vs 2019
43%
Same month, 2019 = 100
Pending / active
32%
Contract activity
Median sale price (closed)
$259,250
▲ 5.0% YoY · closed sales · July 2026
Sale-to-list ratio
98.4%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
44
Closed sales · July 2026, seasonally adjusted
What is the Effingham, IL housing market doing right now?
The Effingham, IL housing market lists at a $332,000 median as of September 2026, up 32.0% year over year, with a 64-day median market time and 73 homes for sale (17% with a price cut). Active inventory is 43% of the 2019 level, reading as a balanced market under WealthyBud's published buyer/seller rule.
Effingham housing market statistics
The table summarizes Effingham's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Effingham.
How have home prices changed in Effingham?
Effingham home prices are up 32.0% year over year and +14.5% month over month as of September 2026, at a $332,000 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Effingham IL · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Effingham IL · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Effingham?
Effingham has 73 active listings, 42 new this month, 23 pending as of September 2026. About 17% of active listings have cut their price, and inventory sits at 43% of its 2019 level — a balanced market by pace.
Is Effingham a good real estate investment?
Effingham scores 61/100 on WealthyBud's composite Investor Score, ranking #238 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
61/100
#238 of 933 covered metros
Effingham scores 61/100 on our composite Investor Score (#238 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 43% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 32.0% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Effingham ranks on the trending markets index.
How much is a monthly mortgage payment in Effingham?
A home at Effingham's $332,000 median listing runs about $1,817 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$1,641/mo
−$177/mo vs today
At today's rate · 7.28%
$1,817/mo
National weekly average
If rates rise 1% · 8.28%
$2,001/mo
+$184/mo vs today
Principal & interest on the $332,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Effingham?
To buy Effingham’s $332,000 median listing with 20% down, a household needs about $96,000 a year in gross income, keeping principal, interest and property tax ($2,238/mo) at 28% of income. That is 1.3× the area’s $74,219 median household income, so a typical Effingham household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $332,000 | September 2026 |
| Down payment (20%) | $66,400 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $1,817/mo | Rate as of 2026-10-01 |
| Property tax (1.52% effective rate) | $421/mo | Census ACS |
| Income needed (28% rule) | $96,000 | Gross household income / yr |
| Median household income | $74,219 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Effingham housing market?
Longer-run demand in Effingham shows up in 49 homes permitted in 2025; net migration of -40 residents. Natural-hazard risk rates Relatively Low. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
49
▲ 81.5% vs 2024
1.1 per 1,000 residents
Net migration (2022–2023)
-40
▼ people, via tax-return records
net income flow −$3.84M/yr
Natural-hazard risk
Relatively Low
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
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ReadEffingham housing market FAQ
What is the median home price in Effingham?
As of September 2026, the median listing price in Effingham, IL is $332,000, up 32.0% year over year (source: public records and industry data). Figures cover the Effingham, IL metro area.
How much does it cost to buy a home in Effingham?
The median home listed in Effingham asks $332,000 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $1,817 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Effingham?
The median property in Effingham spends 64 days on the market, with 73 homes actively listed and 17% of them carrying a price cut — a balanced market as of September 2026.
Is it a buyer's or seller's market in Effingham?
With a median 64 days on market and 17% of active listings carrying a price cut, pending contracts at 32% of active listings, Effingham reads as a balanced market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Effingham a good place to invest in real estate?
Effingham scores 61/100 on WealthyBud's Investor Score, ranking #238 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Effingham?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Effingham and the wider Illinois market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures cover the Effingham, IL metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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