Illinois Housing Market Statistics

IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales


Illinois median home prices increase 4.5 percent in September;

Statewide home sales down 4.4 percent

Infographic: September Mortgage Interest Rates Hit New 2014 Lows


(Oct. 21, 2014) -- Tighter inventory was a factor driving home prices higher in September while home sales showed an annual decline, according to the Illinois Association of  REALTORS®. Read the news release.

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

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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Infographic: Home Sales and Prices Up This June
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Infographic: Illinois Housing Market April 2014
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Sales -4.4%
Click here for report |
(En Español)


Housing Price Forecast

“Modest increases in median prices are anticipated to continue. Analysis reveals the decrease (on an annual basis) in sales can be attributed to the decline in foreclosure sales; regular sales are almost at last year's level,” said Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois.  “A re-estimate of the foreclosure inventory suggests it will be another 12-15 months before this inventory returns to pre-recession levels.”

Chicago PMSA
Sales -6.4%
Click here for report |
(En Español)

City of Chicago
Sales -8.7%
Click here for report |
(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.)