Fairbury, IL—61739

As of Aug '25, the median home price in Fairbury, IL is $180,000, with a year-over-year change of 8.3%. This indicates that home prices in Fairbury, IL are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Fairbury, IL is 103. This is an increase of 164.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Fairbury, IL in that year was 114. 92.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 59.0%. Of those, 12.0% were >90% loan to value. This is considered elevated, suggesting that mortgage risk is medium in Fairbury, IL. Investor activity in Fairbury, IL is low, as 11.0% of all loans are originated by investors. In 2023, 11.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.