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An equal housing lender. NMLS #10287. The average home value in Illinois is $267,365, up 5.7% over the past year. Learn more about the Illinois housing market and real estate trends.
In August 2024, home prices in Illinois were up 7.2% compared to last year, selling for a median price of $301,200. On average, the number of homes sold was down 5.8% year over year and there were 13,373 homes sold in August this year, down 14,194 homes sold in August last year. The median days on the market was 44 days, up 2 year over year. ….
Aug 24, 2023 · Illinois housing trends and stats. The median home sale price in Illinois as of July 2023 was $287,900, according to Redfin — a 4.6 percent increase over July of last year. That’s considerably ...
- Kacie Goff
Search IL real estate at realtor.com®. View property details of the 51502 homes for sale in Illinois. ... Should I sell my home now? How much is my home worth? ... Illinois real estate & homes ...
- What’s The Illinois Housing Market like?
- How Does The Illinois Housing Market Compare to The National Housing Market?
- Illinois Areas with The Hottest Housing Markets
- Higher Mortgage Rates Could Slow Price Growth in Illinois
- Key Market Stats For The Illinois Housing Market
- Illinois Historic Price Changes & Affordability
The state of Illinois’s housing market has been at a steady pace of growth over the last 3 years. The median sales price as of Sept 2022 was $261,200. If we look back at Sept 2019’s median price of $215,700, we can see the increase in the median price has only been up 21%, which is slightly above a 6% yearly rate. This is a much more modest increas...
The Illinois housing market is more favorable than the national market as a whole. First, the median price of homes in Illinois is $142,356 lower than the national average, which is a 35% difference in the median price. Because of the moderate and affordable cost of buying a home, Illinois’s real estate appreciation has been a moderate rate of appr...
The state of Illinois has a very attractive location in the Southeast part of the US. The state has a very mild climate, modestly priced homes, and reasonable tax rates. These characteristics have attracted many fortune 500 companies as well as institutional real estate investors to the state. These favorable factors have caused some areas of Illin...
How will interest rates affect the housing Illinois housing market? The state of Illinois’s affordable median home price is an advantage to weather the high mortgage rates storm. While some areas of Illinois have had significant increases in home prices year over year in 2022, other areas are more moderate in growth. We have extremes where places l...
As of the latest compiled housing report with data through Sept 2022. 1. Median price: $261,200 - up 2.2% from 2021 2. Existing home sales: 13,680 - down 19.1% from 2021 3. Median days on the market: 51, up 183% from 2021 4. Months supply of inventory: 3 up 0% 2021- no change
The Illinois housing market has seen moderate appreciation for years. Over the last 3 years, homeowners saw their homes appreciate by 21% in 36 months which is a very modest rate of appreciation. At the current median home price of $261,200 and the average household income of approximately $54,000 a year, the value in housing in Illinois is much be...
There are currently 44,766 homes for sale in Illinois. The median list price in Illinois is $300,000 and the average price per square foot is $172.
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A Zestimate is Zillow’s estimated market value for a home, computed using a proprietary formula including public and user-submitted data, such as details about a home (bedrooms, bathrooms, home age, etc.), location, property tax assessment information and sales histories of the subject home as well as other homes that have recently sold in the area.
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