Princeton, IL, Real Estate
Princeton, Illinois, is a picturesque city in Bureau County with a population of approximately 7,600 as of the 2020 census. Steeped in history, it boasts a vibrant downtown lined with historic buildings, unique boutiques, and cozy restaurants, earning it recognition as a Main Street Community. The city is home to the Bureau County Historical Society and Museum, housed in the beautifully preserved 1857 courthouse, which showcases local heritage. Annual events like the Homestead Festival celebrate the area’s agricultural roots with parades, crafts, and live entertainment. Surrounded by fertile farmland and close to the scenic Hennepin Canal, Princeton offers a blend of small-town charm and rich cultural experiences.
Princeton currently has 29 single family homes for sale with an average list price of $197,043.10 and 6 lots for sale with an average list price of $367,166.67. The average annual property tax for Princeton is $2,946.98.
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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 Princeton, i.e. what's hot and what's not.
See What's Hot & What's Not in Princeton
Market Trends
Princeton home sales for the month of October stayed the same in volume when compared to last year, while the median sale price decreased by 22.6% from $215,500 to $166,750. House sales rose by 11.1%, while the median sale price decreased by 25.9% from $225,000 to $166,750.
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159
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123
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99
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86
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$132,100
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$161,000
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$150,000
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$184,000
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Princeton
Number of Sales for Princeton
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