Mattoon experienced a resilient real estate market in November 2024 despite fluctuations in sales and inventory. Closed sales for the month reached 15 units, up 7% year-over-year but down 12% from October 2024. Year-to- date totals stood at 213, an 18% decline in the same period in 2023. These figures align with historical trends, as Mattoon’s November sales have ranged from 9 to 27 units over the past 20 years, with an average of 17.6 units. The median sale price climbed 7% to $117,500, reflecting consistent demand for well-priced homes. Meanwhile, homes moved off the market in a median of just four days, emphasizing Mattoon’s high buyer activity. This quick turnover aligns with broader regional trends in Coles County. Over the past decade, Mattoon has seen significant price growth, with the median sale price rising 61% from $73,000 in 2014 to $117,500 in 2024. Based on the median income reported by the Census Bureau, Mattoon has an affordability index of 382.4, indicating that median income is sufficient to cover nearly four times the annual costs of owning a median-priced home. Inventory challenges persisted, with only 28 units of active listings reflecting a 1.47-month supply based on the absorption rate. November saw 24 new listings, a slight 4% year-over-year decline, bringing the YTD total to 235—down 13% from 2023. Mid-range price segments, particularly homes between $100,000 and $149,999, experienced the most substantial demand, moving quickly off the market. Conventional loans accounted for 49% of transactions, followed by cash sales at 24%, which were common among homes priced under $100,000. Cash purchases often dominate lower-priced segments due to investor interest and reduced financing hurdles. Despite limited inventory, Mattoon’s consistent long-term appreciation and demand for mid-priced homes continue to attract buyers and investors.