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 26 single family homes for sale with an average list price of $200,488.42, 2 condos for sale with an average list price of $261,500, and 8 lots for sale with an average list price of $146,799.88. The average annual property tax for Princeton is $2,990.84.
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 PrincetonPrinceton home sales for the month of July rose in volume by 12.5% when compared to last year, while the median sale price rose by 13.8% from $203,000 to $231,000. House sales stayed the same, while the median sale price decreased by 0.6% from $203,000 to $201,750. Condo sales stayed the same, while the median sale price stayed the same.
159
|
123
|
101
|
90
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$132,100
|
$161,000
|
$150,000
|
$186,500
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |