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Featured local agent — Illinois
Sarah Mitchell
Compass Real Estate · Illinois
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Illinois housing market
How is the Illinois housing market trending?
The median home sale price in Illinois is $337,900, a +5.9% change from a year ago. Homes sell in an average of 43 days with 33,168 active listings statewide. Properties Incorporated tracks 1,111 cities across Illinois with monthly market data from Redfin and Zillow plus Census demographic context. (Source: Redfin monthly MLS data + Zillow Research — the most recent releases; Redfin publishes each month's data on a ~6-week lag — as of May 2026.)
What are Illinois's key housing stats?
Latest monthly print: May 2026
Median sale price
$337,900
+5.9% YoY
Days on market
43
statewide average
Active listings
33,168
2.6 months supply
30-yr mortgage rate
6.66%
national, weekly
Sale-to-list ratio
100.4%
above asking on average
What is the Illinois housing market like right now?
Illinois's housing market spans 1,111 cities tracked by Properties Incorporated, from dense metropolitan cores to small rural markets. Conditions vary widely within the state — a single statewide number hides the spread between fast-moving urban markets and quieter inland towns — but the rollup figures above give a useful baseline for anyone evaluating a move, an investment, or a refinance in Illinois.
The Zillow Home Value Index for Illinois stands at $298,871, reflecting a +5.0% change over the past year. ZHVI tracks the typical home value across the full distribution of homes — not just transacted sales — so it captures shifts in Illinois's broader housing stock as well as recent buyer activity.
Illinois's months-of-supply reading is 2.6, under the 4-month threshold most analysts use to classify a seller's market. Buyers should expect competition and tight inventory in active price bands.
Which cities lead the Illinois housing market?
1,111 markets tracked — sorted by population
How do Illinois cities rank by price and growth?
Top markets by price, growth, and velocity — within the largest cities in the state
Most expensive
- 1.North Barrington$977,250
- 2.Lemont$654,625
- 3.West Chicago$550,000
- 4.Twin Grove$432,500
- 5.Palos Park$426,000
- 6.New Milford$390,000
- 7.Franklin Park$360,000
- 8.Northlake$357,500
Most affordable
- 1.New Douglas$50,000
- 2.East St. Louis$85,000
- 3.Alpha$105,000
- 4.Cambridge$149,500
- 5.Pekin$153,500
- 6.Prophetstown$159,000
- 7.Thornton$165,000
- 8.Loves Park$190,750
Biggest price gains (YoY)
- 1.Venetian Village+137.5%
- 2.East St. Louis+112.5%
- 3.Homer+98.3%
- 4.West Chicago+52.8%
- 5.Fox River Grove+32.2%
- 6.Trenton+28.8%
- 7.Lemont+26.5%
- 8.South Beloit+25.7%
Biggest price drops (YoY)
- 1.New Douglas-65.5%
- 2.Byron-29.2%
- 3.Thornton-19.5%
- 4.Edwardsville-17.7%
- 5.O'Fallon-16.1%
- 6.Palos Park-10.9%
- 7.Cambridge-10.9%
- 8.Bradley-9.7%
Fastest-selling
Rankings drawn from the most recent monthly Redfin print across the largest 50 cities by population in Illinois.
How do current mortgage rates affect Illinois home buyers?
The current 30-year fixed mortgage rate sits at 6.66%. For a buyer purchasing the Illinois median-priced home at $337,900 with a 20% down payment, the monthly principal-and-interest payment works out to roughly $1,737 — before taxes, insurance, HOA fees, or private mortgage insurance.
That payment shifts meaningfully with rate moves: a half-point swing on a $270,320 loan changes the monthly bill by roughly $75 to $100. Buyers locking in today should also budget for property taxes and homeowners insurance, both of which can add hundreds per month and vary by county. Model your specific scenario in the mortgage calculator. For where rates and prices are headed next, see our 2026 national forecast comparison.
How do you research Illinois real estate?
Every Illinois city page includes the same metric set as the statewide rollup above — median sale price, year-over-year change, days on market, active inventory, sale-to-list ratio — plus current listings drawn from public MLS feeds, Census Bureau demographic context, and a market-verdict assessment of where the balance currently sits between buyers and sellers.
When you're evaluating a move into Illinois or considering an investment property, three resources work well together: the mortgage calculator for payment math, the affordability tool to back into a target price from income, and the city comparison tool for side-by-side analysis of two finalist markets. Pair them with individual city profiles for the deepest read. For market trend analysis and buying guides, the Properties Incorporated blog covers Illinois housing trends, first-time buyer guides, and investment analysis updated monthly.
Key questions about Illinois real estate
What is the median home price in Illinois?
The median sale price in Illinois is $337,900 as of May 2026, a +5.9% change from a year earlier.
How is the Illinois housing market right now?
As of the most recent monthly print, homes in Illinois are spending about 43 days on the market with roughly 33,168 active listings statewide. Months of supply sits at 2.6 — under 4 months typically favors sellers, over 6 months favors buyers.
Which Illinois cities are most affordable?
The most affordable cities in Illinois by median sale price include New Douglas, East St. Louis, Alpha, Cambridge, Pekin. Each city page breaks down price, days on market, and recent listings.
Which Illinois cities are most expensive?
The highest median-price cities tracked in Illinois include North Barrington, Lemont, West Chicago, Twin Grove, Palos Park. Price-per-square-foot, inventory levels, and year-over-year change are listed on each city page.
Which Illinois cities are seeing the biggest price increases?
Year-over-year price growth leaders in Illinois include Venetian Village (+137.5%), East St. Louis (+112.5%), Homer (+98.3%), West Chicago (+52.8%), Fox River Grove (+32.2%). Strong gains can reflect supply constraints, inbound migration, or a combination — read each city page for context.
How long do homes in Illinois take to sell?
The statewide average is roughly 43 days on market. Velocity varies sharply between cities — New Milford averages just 2 days, while smaller markets tend to see longer marketing periods.
How does Illinois compare to the national housing market?
Illinois's market data is reported alongside national benchmarks so you can see how the state stacks up. Median price and YoY are shown on each city page.
What is the current 30-year mortgage rate, and what does it mean for Illinois buyers?
The current 30-year fixed mortgage rate is approximately 6.66%. A buyer purchasing a Illinois-median home with 20% down would face roughly $1,737 per month in principal and interest, before taxes, insurance, or HOA fees. Use the mortgage calculator to model your specific numbers.
Is Illinois a good place to invest in real estate?
Whether Illinois fits your investment thesis depends on time horizon, target city, and whether you're optimizing for cash flow or appreciation. Use the city rankings above — particularly the price-growth and days-on-market columns — to identify markets aligned with your strategy, then drill into the city profile for inventory, demographics, and recent sales context.
How do I get started buying a home in Illinois?
Start with a target city (use the rankings above to narrow), then review that city's profile for median price, inventory, and current listings. Run the numbers through the mortgage calculator using today's rate to see what payment fits your budget, and compare two finalists side-by-side using the city comparison tool.
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