Clay City, IL, Real Estate
Clay City, Illinois, is a small village in Clay County with a population of around 817 as of 2025, known for its quiet, suburban-rural charm and conservative community. Named after Kentucky statesman Henry Clay, the village was established in 1855 near the O&M Railroad, evolving into a trading hub for local farmers. Located near the Little Wabash River, it has a rich history tied to early settlers like Solomon Harter Mueller, who built a farm and mill in the early 1800s, and later thrived with the discovery of oil in 1936, which continues to support local businesses.
Clay City currently has 2 single family homes for sale with an average list price of $149,500 and 6 lots for sale with an average list price of $3,540,391.67. The average annual property tax for Clay City is $1,747.03.
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Clay City, i.e. what's hot and what's not.
See What's Hot & What's Not in Clay City
Market Trends
Clay City home sales for the month of February stayed the same in volume when compared to last year, while the median sale price decreased by 83.2% from $365,000 to $61,300. House sales stayed the same, while the median sale price decreased by 83.2% from $365,000 to $61,300.
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2
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4
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6
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6
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| 2022 | 2023 | 2024 | 2025 |
| # of sales per year | |||
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$108,450
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$96,000
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$71,000
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$139,000
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| 2022 | 2023 | 2024 | 2025 |
| median sale price per year | |||
Median Sale Price for Clay City
Number of Sales for Clay City
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