Why Live in Savoy
Savoy, IL, a suburban village with a population of around 9,000, offers a blend of small-town charm and proximity to urban amenities. Located just south of Champaign, Savoy features several parks, including the popular 55-acre Dana Colbert Park, which has picnic pavilions, open fields, and a fishing lake. The Savoy Recreation Center provides indoor gym facilities, while outdoor enthusiasts can enjoy the University of Illinois Orange and Blue Course for golf, Old Orchard Lanes and Links for mini-golf and bowling, and Skateland for roller-skating and laser tag. The Savoy 16 + IMAX theater is another local highlight for entertainment.
Housing in Savoy ranges from 1900s farmhouses to midcentury ranch-style homes and newer Colonial Revival and Craftsman-style houses. The median home price is around $350,000, with single-family homes and condos available in various price ranges. The Champaign Unit 4 School District serves the area, with Carrie Busey Elementary School being a highly rated option for families.
Savoy offers a variety of dining options, including national chains like Applebee’s and Buffalo Wild Wings, as well as local favorites like Star BBQ and Triptych Brewing. Retail needs are met by stores such as Schnucks, Aldi, and Walmart Supercenter, with the Market Place Shopping Center located about 6 miles away in Champaign.
Transportation is convenient with U.S. Route 45 running through the village, MTD bus services, and the nearby Willard Airport offering flights to major cities. The village hosts community events in Colbert Park, including an annual art fair and cultural celebrations.
Home Trends in Savoy, IL
On average, homes in Savoy, IL sell after 35 days on the market compared to the national average of 51 days. The median sale price for homes in Savoy, IL over the last 12 months is $365,500, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$365,500
Median Single Family Sale Price
$430,000
Median 2 Bedroom Sale Price
$203,000
Average Price Per Sq Ft
$188
Number of Homes for Sale
17
Last 12 months Home Sales
130
Median List Price
$380,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%