House Prices

House Prices & Home Values Pana, IL 2026


Average Data

average house price$70,250
average size per house1561 ft²
average price per ft²46 $ / ft²

04/21/2026 - The value range (VR) for house prices in Pana, IL is $48/ sqft to $48/ sqft. An average home with 1561 sqft costs approximately $74,928 to $74,928. Pana, IL includes 1 ZIP codes and it is located in Christian county. The lowest prices are found in ZIP 62557, while the highest are in ZIP 62557. The average price per sqare feet is $46. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Pana

6255753 $ / ft²




Historical development of home values in Pana

Year Estimated value (USD) Change vs. 2025
2010 $32,625 -53.6%
2011 $31,364 -55.4%
2012 $31,279 -55.5%
2013 $32,448 -53.8%
2014 $34,062 -51.5%
2015 $35,810 -49.0%
2016 $37,679 -46.4%
2017 $39,713 -43.5%
2018 $41,908 -40.3%
2019 $43,851 -37.6%
2020 $46,118 -34.4%
2021 $52,455 -25.3%
2022 $61,150 -13.0%
2023 $64,486 -8.2%
2024 $68,216 -2.9%
2025 $70,250 0.0%

Graph: estimated home values in Pana over time (USD)



Example: 100% financing house in Pana

Loan amount: $70,250

Interest rate: 6.00%

Fixed monthly payment: $421.18

Breakdown in the 1st month:
Interest portion: $351.25  –  Principal portion: $69.93

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $4,191.53 $862.68 $69,387.32
2 $4,138.32 $915.89 $68,471.44
3 $4,081.83 $972.38 $67,499.06
4 $4,021.86 $1,032.35 $66,466.71
5 $3,958.19 $1,096.02 $65,370.69
6 $3,890.59 $1,163.62 $64,207.06
7 $3,818.82 $1,235.39 $62,971.67
8 $3,742.62 $1,311.59 $61,660.08
9 $3,661.73 $1,392.49 $60,267.59
10 $3,575.84 $1,478.37 $58,789.22
11 $3,484.66 $1,569.55 $57,219.67
12 $3,387.85 $1,666.36 $55,553.31
13 $3,285.07 $1,769.14 $53,784.17
14 $3,175.96 $1,878.25 $51,905.91
15 $3,060.11 $1,994.10 $49,911.81
16 $2,937.12 $2,117.09 $47,794.72
17 $2,806.54 $2,247.67 $45,547.05
18 $2,667.91 $2,386.30 $43,160.75
19 $2,520.73 $2,533.48 $40,627.26
20 $2,364.47 $2,689.74 $37,937.52
21 $2,198.57 $2,855.64 $35,081.88
22 $2,022.44 $3,031.77 $32,050.11
23 $1,835.45 $3,218.76 $28,831.34
24 $1,636.92 $3,417.29 $25,414.05
25 $1,426.15 $3,628.06 $21,785.99
26 $1,202.38 $3,851.83 $17,934.16
27 $964.81 $4,089.40 $13,844.75
28 $712.58 $4,341.63 $9,503.12
29 $444.80 $4,609.41 $4,893.71
30 $160.50 $4,893.71 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Pana, IL


1500 sqft3900 sqft
Ø selling price$83,490$177,606
Ø fast selling$75,900$159,846
Ø high price sale$91,081$195,367

In 2026, houses in Pana, IL will be offered at an average price of $46 per square foot. A 1,500 sqft home priced at $83,490 is 24.96% more expensive per square foot than a 3,900 sqft home priced at $177,606. Home prices in Pana, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $122,959. Sellers who can wait longer may achieve a higher price of up to $150,282.


Pana, Illinois Overview

Pana, IL is a friendly small city in Christian County in the heart of central Illinois, known historically as the City of Roses and a welcoming Midwest hub.

History and Community

From its railroad and coal mining roots to greenhouse rose production, Pana, Illinois blends heritage with resilient community spirit. Visitors can explore landmarks like Kitchell Park and the charming historic downtown that reflect more than a century of local pride.

Outdoor Recreation

Residents enjoy parks, trails, and nearby lakes for fishing, boating, and family picnics throughout the seasons. Kitchell Park?s shaded paths, playgrounds, and community events make it a favorite gathering spot for all ages.

Economy, Schools, and Living

Pana?s economy features healthcare, manufacturing, retail, and small businesses
that support a stable, hometown lifestyle. Strong local schools and civic organizations foster youth programs, sports, and lifelong learning opportunities in Pana, IL. Affordable real estate, tree-lined neighborhoods, and easy regional access make Pana, Illinois an appealing place to call home.

Events and Travel Tips

Annual parades, fairs, and festivals bring neighbors together, showcase local artisans, and celebrate the city?s traditions. Whether you?re planning a weekend visit or relocating, explore dining, shopping, and services in Pana, IL to experience authentic small-town hospitality.



FAQ – Home Values in Pana

What is the median home value in Pana in 2026?

In 2026, the typical home value in Pana is about $70,250 for an average home size of 1561 square feet. This corresponds to an average price of roughly $46 per square foot.

What is the average cost per square foot in Pana?

In 2026, homes in Pana sell for an average of around $46 per square foot, with a typical range between $48 and $48 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Pana is about 1561 square feet, with an estimated 2026 value around $70,250.



Locations close to Pana, IL

Pawnee, IL76 $ / ft²
Raymond, IL97 $ / ft²
Riverton, IL90 $ / ft²
Palmer, IL106 $ / ft²
Owaneco, IL116 $ / ft²
Oreana, IL104 $ / ft²
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