Illinois Housing Market Statistics

IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales

Illinois home prices increase in February; sales lower amid tight inventory

Housing Market Outlook 2016-17 Video

Housing at a Glance February 2017


(March 22, 2017) - Median home prices in Illinois rose 6.3 percent in February over previous-year levels while statewide home sales decreased 2.8 percent for the same period, according to Illinois REALTORS®.   Read the news release.

Download a copy of the 2016 Illinois Housing Report.

Infographic: Year-End 2016

Infographic: 2017 Market Forecast
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Infographic: February Housing Market Snapshot
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Infographic: Solid Market Performance in First Half of 2016
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Sales -2.8%
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(En Español)


Housing Price Forecast

“Prices continue to move in a positive direction,” said Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois. “While consumer confidence reflects optimism about the economy, the housing inventory continues to shrink suggesting that while more optimistic, many homeowners are not yet tempted enough to consider moving to a larger or more expensive home.” 


Chicago PMSA
Sales -5.2%
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(En Español)

City of Chicago
Sales -4.0%
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(En Español)


Contact: Jon Broadbooks, Director of Communications
217-529-2600 phone |