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 18 single family homes for sale with an average list price of $516,116.67, 2 condos for sale with an average list price of $280,000, and 1 lot for sale with a list price of $80,000. The average annual property tax for Savoy is $5,408.74.

Current Homes for Sale

Schools

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Absorption Report

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.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Arbour Meadows

Arbour Meadows is a subdivision in Savoy, Illinois. It currently has no homes for sale.
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Fieldstone

Fieldstone is a single-family home community in Savoy, Illinois, built between 2008 and 2025. It currently has 2 single family homes for sale with an average list price of $501,900. The homes range in size from 1,684 ft2 to 3,731 ft2. The HOA fees range from $18 to $21 per month. The average annual property tax for Fieldstone is $4,745.90. ... Read more
Median Price: $445,000
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Lake Falls

Lake Falls is a single-family home community in Savoy, Illinois, built between 2007 and 2024. It currently has 1 single family home for sale with a list price of $589,000. The homes range in size from 2,207 ft2 to 4,013 ft2. The HOA fees range from $13 to $33 per month. The average annual property tax for Lake Falls is $10,611.75. ... Read more
Median Price: $650,637.50
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Liberty on the Lakes

Liberty on the Lakes is a single-family home community in Savoy, Illinois, built between 2009 and 2025. It currently has 2 single family homes for sale with an average list price of $509,950. The homes range in size from 1,474 ft2 to 3,373 ft2. The HOA fees range from $13 to $21 per month. The average annual property tax for Liberty on the Lakes is $6,227.95. ... Read more
Median Price: $502,625
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Lyndhurst Village

Lyndhurst Village is a subdivision in Savoy, Illinois. It currently has no homes for sale.
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Subdivisions

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Market Trends

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Real Estate News

New Homes For Sale This Week in Savoy: October 10th to October 16th

New Homes For Sale This Week in Savoy: October 10th to October 16th - October 17, 2025

Savoy had only 1 new home for sale during the week of Friday, October 10 to Thursday, October 16, including and it was a lot for sale with a list ... continue reading
Homes Just Sold in Savoy: October 7th to October 13th

Homes Just Sold in Savoy: October 7th to October 13th - October 14, 2025

Savoy had 2 sales during the week of Tuesday, October 7 to Monday, October 13, including including 2 single family homes for sale with an average list price of $369,900. $349,900 13 ... continue reading
New Homes For Sale This Week in Savoy: October 3rd to October 9th

New Homes For Sale This Week in Savoy: October 3rd to October 9th - October 10, 2025

Savoy had only 1 new home for sale during the week of Friday, October 3 to Thursday, October 9, including and it was a single family home for sale with ... continue reading
Homes Just Sold in Savoy: September 30th to October 6th

Homes Just Sold in Savoy: September 30th to October 6th - October 7, 2025

Savoy had only 1 sale during the week of Tuesday, September 30 to Monday, October 6, including and it was a single family home for sale with a list price ... continue reading
Homes Just Sold in Savoy: September 23rd to September 29th

Homes Just Sold in Savoy: September 23rd to September 29th - September 30, 2025

Savoy had 2 sales during the week of Tuesday, September 23 to Monday, September 29, including including 1 single family home for sale with a list price of $500,000 and ... continue reading
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