Market Overview
Home Prices in Maquon, IL
The median home value in Maquon, IL is $145,937 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 22.5% compared to a year ago and down 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Maquon are priced64% below average. Maquon is part of the Galesburg, IL metro area.
Over the past five years, Maquon home values have risen by approximately5.8%, reflecting steady appreciation in this market.
Price History
Maquon Home Price Trend
2020
$117,674
$118K
—
2021
$137,974
$138K
+17.3%
2022
$138,788
$139K
+0.6%
2023
$118,450
$118K
-14.7%
2024
$123,440
$123K
+4.2%
2025
$119,176
$119K
-3.5%
2026
$145,937
$146K
+22.5%
City Comparison
Maquon vs. National Median
🏠 Maquon
$145,937
National Median
$410,000
At $145,937, homes in Maquon cost 64% below the national median of $410,000. This makes Maquon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Maquon?
20% Down Payment
$29,187
on $145,937
Monthly P&I
$761/mo
30-yr @ 6.8%
Total Monthly Est.
~$966/mo
incl. taxes & insurance
Income Needed
$38,640
gross annual (30% rule)
10% Down Option
$14,594
+ PMI applies
Loan Amount (20% dn)
$116,750
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Maquon, IL?
The median home value in Maquon is $145,937 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 22.5% year-over-year.
How much have home prices changed in Maquon?
Over the past year, home values in Maquon have increased by 22.5%. Over five years, prices have risen approximately 5.8%.
How much do I need to earn to buy a home in Maquon?
To comfortably afford the median home price of $145,937 with a 20% down payment ($29,187) at today's rates (6.8%), you'd need a gross annual income of approximately $38,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Maquon compare to the national average home price?
The national median home value is approximately $410,000. At $145,937, homes in Maquon are 64% below the national average.
What metro area is Maquon part of?
Maquon is part of the Galesburg, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.