Market Overview
Home Prices in Sullivan, IL
The median home value in Sullivan, IL is $201,129 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.5% compared to a year ago and up 7.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sullivan are priced51% below average.
Over the past five years, Sullivan home values have risen by approximately41.7%, reflecting strong long-term appreciation in this market.
Price History
Sullivan Home Price Trend
2020
$124,987
$125K
—
2021
$141,976
$142K
+13.6%
2022
$153,707
$154K
+8.3%
2023
$152,768
$153K
-0.6%
2024
$170,196
$170K
+11.4%
2025
$183,662
$184K
+7.9%
2026
$201,129
$201K
+9.5%
City Comparison
Sullivan vs. National Median
🏠 Sullivan
$201,129
National Median
$410,000
At $201,129, homes in Sullivan cost 51% below the national median of $410,000. This makes Sullivan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Sullivan?
20% Down Payment
$40,226
on $201,129
Monthly P&I
$1,049/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,332/mo
incl. taxes & insurance
Income Needed
$53,280
gross annual (30% rule)
10% Down Option
$20,113
+ PMI applies
Loan Amount (20% dn)
$160,903
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 Sullivan, IL?
The median home value in Sullivan is $201,129 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.5% year-over-year.
How much have home prices changed in Sullivan?
Over the past year, home values in Sullivan have increased by 9.5%. Over five years, prices have risen approximately 41.7%.
How much do I need to earn to buy a home in Sullivan?
To comfortably afford the median home price of $201,129 with a 20% down payment ($40,226) at today's rates (6.8%), you'd need a gross annual income of approximately $53,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Sullivan compare to the national average home price?
The national median home value is approximately $410,000. At $201,129, homes in Sullivan are 51% below the national average.