Pontiac, Illinois, is a charming small town in Livingston County, roughly 90 miles southwest of Chicago. Known as the seat of county government, it boasts a rich history tied to its founding in 1837 and named after the Ottawa chief, Pontiac. With a population of about 11,000, the city blends historic charm with modern appeal, featuring landmarks like the Route 66 Association Hall of Fame & Museum, which draws visitors nostalgic for the iconic highway. Its vibrant downtown showcases the Swinging Bridges, a unique pedestrian bridge over the Vermilion River, and hosts festivals like the Threshermen’s Reunion, celebrating its agricultural roots. Pontiac’s welcoming community, historic murals, and proximity to outdoor recreation make it a hidden gem in Central Illinois.
Pontiac currently has 39 single family homes for sale with an average list price of $230,148.72, 1 condo for sale with a list price of $139,250, and 2 lots for sale with an average list price of $59,450. The average annual property tax for Pontiac is $2,975.08.
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 Pontiac, i.e. what's hot and what's not.
See What's Hot & What's Not in PontiacPontiac home sales for the month of June rose in volume by 25% when compared to last year, while the median sale price decreased by 15.2% from $173,250 to $146,900. House sales stayed the same, while the median sale price decreased by 7.1% from $173,250 to $160,950. Condo sales stayed the same, while the median sale price stayed the same.
161
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134
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129
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115
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2021 | 2022 | 2023 | 2024 |
# of sales per year |
$100,000
|
$113,443.50
|
$119,900
|
$142,500
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |