Illinois Housing Market Statistics

IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales


IIlinois home sales see slight gain in October; Statewide home prices increase 6.0 percent annually

Infographic: Annual 2015


(Nov. 20, 2014) - Illinois home sales inched higher in October and median home prices continued upward with a statewide year-over-year increase of 6.0 percent, according to the Illinois Association of  REALTORS®. Read the news release.

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

Infographic: What's the Housing Market Look Like for 2015?
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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 +0.2%
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(En Español)


Housing Price Forecast

“Sales growth in 2014 did not match the amazing numbers in 2013, but the growth in both sales and prices continued to be positive in both Chicago and Illinois,” noted Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois. “Robust job growth has resulted in more upbeat consumer sentiments about the economy.  The forecasts suggest both positive growth for sales and prices in 2015 but with a moderation in the growth of prices and a slight acceleration of sales rates compared to 2014.”

Chicago PMSA
Sales -3.3%
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(En Español)

City of Chicago
Sales -8.6%
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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.)