Why Live in Penfield
Penfield, a small community in Gifford, Illinois, has a population of around 200 but sees a significant influx during the annual Historic Farm Days in July, attracting 7,000 to 10,000 visitors. This event, hosted by the I & I Antique Tractor and Gas Engine Club, features a museum with exhibits in an old school, including a one-room schoolhouse, log cabin, and antique tractors. Residents have dining options like Last Call Bar & Grill, known for its diverse menu and popular wing night, and Longbranch Steakhouse in nearby Gifford. For groceries, a Dollar General is in Gifford, and a larger County Market is 10 miles away in Rantoul. Penfield's homes range from early 20th-century farmhouses to ranch-style and Cape Cod houses, with prices varying from $50,000 to $180,000. The neighborhood has a full basketball court for recreation, while the Middle Fork River Forest Preserve, six miles north, offers extensive outdoor activities, including stargazing events. Gifford Grade School, a few miles west, is highly rated, with strong teacher quality and academics. Penfield's rural setting includes a post office and the historic St. Lawrence Catholic Church, which will close in 2025. The community is unincorporated, lacking a formal government or town hall.
Home Trends in Penfield, IL
On average, homes in Penfield, Gifford sell after 2 days on the market compared to the national average of 52 days. The median sale price for homes in Penfield, Gifford over the last 12 months is $75,000, down 42% from the median home sale price over the previous 12 months.
Median Sale Price
$75,000
Median Single Family Sale Price
$112,450
Average Price Per Sq Ft
$73
Number of Homes for Sale
1
Last 12 months Home Sales
1
Median List Price
$112,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-42%