Illinois Housing Market Statistics

IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales

Illinois median home prices increase in March; Number of homes on market improves, but inventories remain tight

 

(April 22, 2014) --Illinois home sales decreased 11.6 percent over previous-year levels in March while median prices increased 9.7 percent, according to the Illinois Association of REALTORS®. Read the news release.

Infographic: Median Home Prices Continue Gains in February - DOWNLOAD PDF | JPG

Infographic: Median Price Continues to Rise DOWNLOAD PDF | JPG

UPDATED! Infographic: A look at the 30-year fixed-rate mortgage over time DOWNLOAD PDF | JPG

Infographic on the 2013 Illinois Housing Market: A Year of Recovery - DOWNLOAD PDF | JPG

Infographic: The highs and lows of the Illinois housing market - DOWNLOAD PDF | JPG

Infographic: The Cost of Putting Off a Home Purchase - DOWNLOAD PDF | JPG

 

Statewide
Sales -11.6%
Click here for report

 

Housing Price Forecast

“Although the annual sales rates have declined, the month to month changes continue to be strongly positive,” said Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois.  “In addition, positive housing price gains, continuing declines in the foreclosure inventory levels and the increasing share of sales of homes priced above $200,000 suggest a housing market that is responding positively to signals from the economy.” 

Chicago PMSA
Sales -11.1%
Click here for report

City of Chicago
Sales -6.5%
Click here for report


Contact: Jon Broadbooks, Director of Communications
217-529-2600 phone | jbroadbooks@iar.org


 

Looking for trends and data on Illinois homebuyers?

Find demographic data at www.whyibuy.org

  • 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.)