Royal, Illinois, is a small village in Champaign County with a population of around 300, offering a quiet, rural lifestyle steeped in Midwestern charm. Founded in the late 19th century, it features a tight-knit community centered around local agriculture, with vast corn and soybean fields surrounding the area. The village has basic amenities like a post office and a community center, but its appeal lies in its simplicity and proximity to larger hubs like Champaign-Urbana, about 20 miles away, for additional services and entertainment. Royal’s peaceful atmosphere, marked by open spaces and a slower pace, makes it a haven for those seeking a break from urban bustle.
Royal currently has 1 single family home for sale with a list price of $235,000. The average annual property tax for Royal is $2,551.52.
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 Royal, i.e. what's hot and what's not.
See What's Hot & What's Not in RoyalRoyal home sales for the month of December rose in volume by 100% when compared to last year, while the median sale price decreased by 0.8% from $185,000 to $183,500. House sales rose by 100%, while the median sale price decreased by 0.8% from $185,000 to $183,500.
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| 2022 | 2024 | 2025 | |
| # of sales per year | |||
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$126,000
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$188,500
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$183,500
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| 2022 | 2024 | 2025 | |
| median sale price per year | |||