Gibson City, IL, Real Estate
Gibson City, Illinois, is a charming small town in Ford County with a population of approximately 3,475 as of the 2020 census. Founded in 1869 by Jonathan B. Lott and named after his wife, Margaret Gibson Lott, the city has a rich agricultural heritage and a close-knit community atmosphere. It features a vibrant downtown with historical buildings, local businesses like the Sand Trap Restaurant and Bowl, and the renowned Harvest Moon Vintage Drive-In. The town is also home to Gibson Area Hospital and Health Services, employing over 600 people, and offers community amenities such as parks, a dog park, and a fishing pond surrounded by a wildflower path.
Gibson City currently has 9 single family homes for sale with an average list price of $185,533.33 and 7 lots for sale with an average list price of $29,757.14. The average annual property tax for Gibson City is $2,670.45.
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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 Gibson City, i.e. what's hot and what's not.
See What's Hot & What's Not in Gibson City
Market Trends
Gibson City home sales for the month of December rose in volume by 50% when compared to last year, while the median sale price decreased by 10.8% from $157,000 to $140,000. House sales rose by 33.3%, while the median sale price decreased by 4.5% from $157,000 to $150,000. Condo sales decreased, while the median sale price decreased.
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54
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47
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47
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53
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| 2022 | 2023 | 2024 | 2025 |
| # of sales per year | |||
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$123,500
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$163,500
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$150,000
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$160,000
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| 2022 | 2023 | 2024 | 2025 |
| median sale price per year | |||
Median Sale Price for Gibson City
Number of Sales for Gibson City
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