Mahomet, IL, Real Estate
Mahomet, Illinois, is a charming village in Champaign County, known for its small-town warmth and proximity to the vibrant college town of Urbana-Champaign. With a population of around 9,400, Mahomet offers a blend of rural tranquility and modern amenities, making it an ideal spot for families and nature enthusiasts. The village is home to the scenic Lake of the Woods Forest Preserve, featuring trails, a golf course, and a picturesque covered bridge. Its strong community spirit shines through in local events like the Mahomet Music Festival, while its top-rated schools and low crime rate add to its appeal as a welcoming place to live.
Mahomet currently has 58 single family homes for sale with an average list price of $482,353.43, 1 condo for sale with a list price of $500,000, and 2 lots for sale with an average list price of $1,400,000. The average annual property tax for Mahomet is $6,062.30.
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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 Mahomet, i.e. what's hot and what's not.
See What's Hot & What's Not in Mahomet
Market Trends
Mahomet home sales for the month of July rose in volume by 16.7% when compared to last year, while the median sale price decreased by 0.8% from $440,750 to $437,250. House sales rose by 9.1%, while the median sale price decreased by 0.5% from $452,000 to $449,700. Condo sales rose by 100%, while the median sale price decreased by 50.8% from $320,000 to $157,500.
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267
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182
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173
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173
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$299,900
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$322,500
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$366,530
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$385,000
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Mahomet
Number of Sales for Mahomet
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