Savoy, IL, Real Estate
Savoy, IL, is a charming village in Champaign County, just south of Urbana-Champaign, known for its welcoming community and proximity to the University of Illinois. With a population of around 8,000, Savoy offers a blend of suburban tranquility and easy access to urban amenities, including cultural events, dining, and shopping in nearby Champaign. The village features well-maintained parks, such as Prairie Park, and is home to the Willard Airport, serving regional travel needs. Its strong school system and family-friendly atmosphere make Savoy an appealing place for residents seeking a balance of small-town charm and modern conveniences.
Savoy currently has 23 single family homes for sale with an average list price of $516,682.61 and 7 condos for sale with an average list price of $210,100. The average annual property tax for Savoy is $5,380.31.
Browse Savoy
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 Savoy, i.e. what's hot and what's not.
See What's Hot & What's Not in Savoy
Market Trends
Savoy home sales for the month of August decreased in volume by 18.8% when compared to last year, while the median sale price rose by 17.5% from $348,950 to $409,900. House sales rose by 10%, while the median sale price rose by 6.1% from $386,500 to $410,000. Condo sales decreased by 60%, while the median sale price decreased by 0.7% from $219,000 to $217,500.
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154
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146
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108
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113
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$297,450
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$350,000
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$372,500
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$350,000
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Savoy
Number of Sales for Savoy
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