Chapin Housing Market Report May 2025•Morgan County, Illinois

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Housing Prices in Chapin, IL

How much do homes in Chapin, IL cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$139,400$98/SqFt
+$89,500
+179.4%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Chapin has increased by 179.4% since last year.

Summary: The median home list price in Chapin was $139,400 in May 2025, up 179.4% from the previous year, and the median price per square foot was $98.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1--
N/A
2$13K$112K
+761.5%
3$74.9K$151.4K
+102.2%
4-$134.9K
N/A
5--
N/A

Summary: Chapin housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +761.5%. The home price for 3 bedroom homes increased by +102.2%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Chapin, IL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Chapin, IL

Housing supply in Chapin, IL

How many homes are available in Chapin, IL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
5Last MonthMay 2025
22 months agoApr 2025
+150.0 %
Change MoMApr – May

Summary: The Chapin real estate market had 5 homes for sale in May 2025, a 150.0 % increase compared to Apr 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
213
+200.0%
312
+100.0%
400
0.0%
500
0.0%

Summary: Chapin housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +200.0%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Chapin, IL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price0 Home

Insight

If you're buying a home in Chapin, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Chapin in May 2025, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.

Days on Market for Chapin, IL

How long does it take to sell a home in Chapin, IL?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Chapin are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 2 homes were sold in Chapin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
21 DaysThis YearMay 2025
33 Days1 year agoMay 2024
-33.9 %
Change YoYMay 2024 – May 2025

Summary: Homes in Chapin had an average listing age of 21 days in May 2025, down by 33.9% compared to the previous year.

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Newest Listings in Chapin, IL

What homes are available in Chapin, IL?

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MLS Disclaimers and Copyright

Based on information from RMLS Alliance, for the period 06/01/2023 - 06/01/2025

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

DMCA Notice

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/13/2025, 12:50:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.