Illinois Housing Market Statistics

IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales

Illinois home prices climb 3.7 percent in December; 2014 seen as a stabilizing year

Road to Recovery: Housing Shows Strength in 2014

Infographic: Annual 2015



(Jan. 23, 2015) - Illinois home prices continued to recover with median prices showing year-over-year gains every month in 2014. Home sales, while modestly lower than 2013, pointed toward a stabilizing market, according to the Illinois Association of REALTORS®. Read the news release.

NEW: REAL study on the hidden cost of foreclosures in Chicago neighborhoods

NEW! Infographic: Road to Recovery: Housing Shows Strength in 2014
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NEW! Infographic: December Illinois Housing Market Snapshot
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Infographic: What's the Housing Market Look Like for 2015?
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Infographic: November Illinois Housing Market Snapshot Download JPG

Infographic: October Illinois Housing Market Snapshot
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Infographic: Illinois Housing Market Faststats 3Q14
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 En Español

Infographic: September Mortgage Interest Rates Hit New 2014 Lows
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Infographic: Illinois Housing Market Forecast
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Infographic: July Illinois Housing Market Snapshot
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Sales -0.9%
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(En Español)


Housing Price Forecast

“Prices continued to record modest gains and sales recovered in December while for the next quarter, sales are forecast to be more variable on a monthly basis although the annual changes are expected to be positive,” noted Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory. “Significant employment gains, declines in the unemployment rate and gas prices have all contributed to enhancing consumer expectations that hopefully will turn into more housing sales.”

Chicago PMSA
Sales -3.7%
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(En Español)

City of Chicago
Sales -6.8%
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(En Español)

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


Looking for trends and data on Illinois homebuyers?

Find demographic data at

  • 84% utilized the services of a REALTOR® for their most recent purchase.
  • 77% were married.
  • 17% were first-time homebuyers.
  • 67% stayed within their previous county.

WhyIBuy is a project of the Illinois Association of REALTORS® that aims to better understand the opinions and motivations of homebuyers across the state. Learn more. (Data is updated as of August 2013 and is collected throughs urveys.)