To get straight to the point, the median home price in Savoy, IL in 2026 is expected to be between $399,900 and $409,950. This is clear. Compared to the same time in 2025, this represents a significant increase of 14.9%, marking the highest growth rate among all cities in Champaign County. Considering that the overall median price in Illinois is around $315,000, it is evident that Savoy is a premium market nearly 30% higher than that.

Looking specifically at the market conditions, as of March 2026, the Months of Supply for Champaign County is recorded at 1.6 months. This is a 14.3% increase compared to the same period last year, but it still reflects a typical seller's market where supply does not keep up with demand. The supply duration for homes priced between $300,000 and $600,000 is 2.0 months, aligning with Savoy's primary price range, and this segment has maintained a tight supply with no change from the previous year. New single-family home listings have increased by 8.9% to 2,581 homes, and the total inventory as of the end of March has risen by 18.2% to 286 homes.

The average time on the market for listings is between 35 and 36 days, which is faster than the national average of 53 days. The List-to-Sale Ratio is 99.2%, indicating that homes are selling at prices very close to their listing prices. This is clear evidence of a continuing seller's market. Data from December 2024 shows that 80% of listings sold within 30 days.

• Median sale price for Savoy homes in March 2026: $399,900
• Current median listing price: $409,950
• Year-over-year price increase: +14.9% (highest in Champaign County)
• Champaign County supply duration: 1.6 months (based on seller's market)
• Average time on market: 35-36 days
• Sale price to listing price ratio: 99.2%
• Overall median price in Illinois: about $315,000 (approximately 27% lower than Savoy)

The reasons for Savoy's strong performance are clear. The excellent school district near the University of Illinois at Urbana-Champaign, low crime rates, and well-maintained infrastructure consistently support demand from high-income professionals and faculty. Compared to nearby Champaign or Urbana, Savoy's median prices are over 70% higher. This structure of strong demand and limited supply is unlikely to change in the short term.

However, the fact that 30-year fixed mortgage rates are still hovering in the mid to high 6% range is a burden. The rising prices in Savoy despite the pressure of interest rates indicate strong real demand, but if approached for investment purposes, careful yield calculations are necessary. It is also important to closely monitor the trend of slightly increasing supply. This is clear. The current Savoy market favors sellers, but if the trend of increasing supply continues, negotiation power may gradually shift starting in the second half of the year.

(Source: misturat.com Champaign County Housing Market Report March 2026 / Redfin Savoy IL Housing Market 2026 / RocketHomes Savoy IL Market Report 2024-2025 / Movoto Savoy IL Real Estate 2026 / This article does not constitute investment or legal advice, and it is recommended to consult a professional before any actual contracts.)