Illinois Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $159,900
    0% ( $400 ) vs Jan 2014
  • Median Sales Price
    $174,000
    2% ( $4,000 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $101,750
    1% ( $1,000 ) vs Jan 2014
  • Foreclosures View
    Homes for Sale 32,959
    Recently Sold 76,049

Market Summary

There are currently (contact us for foreclosure counts) properties in IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 32,959.

In February, the number of properties that received a foreclosure filing in IL was 19% lower than the previous month and 11% lower than the same time last year.

Home sales for January 2015 were down 27% compared with the previous month, and down 21% compared with a year ago. The median sales price of a non-distressed home was $174,000. The median sales price of a foreclosure home was $101,750, or 42% lower than non-distressed home sales.

Sales Prices - Illinois




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$101,750 (Median Foreclosure Sales Price) $100,750 (Median Foreclosure Sales Price) $103,334 (Median Foreclosure Sales Price) $107,000 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $108,000 (Median Foreclosure Sales Price) $174,000 (Median Sales Price) $178,000 (Median Sales Price) $185,000 (Median Sales Price) $192,500 (Median Sales Price) $198,000 (Median Sales Price) $195,000 (Median Sales Price) $101,750 (Median Foreclosure Sales Price) $100,750 (Median Foreclosure Sales Price) $103,334 (Median Foreclosure Sales Price) $107,000 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $108,000 (Median Foreclosure Sales Price) $174,000 (Median Sales Price) $178,000 (Median Sales Price) $185,000 (Median Sales Price) $192,500 (Median Sales Price) $198,000 (Median Sales Price) $195,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
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Top Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,251
31.0
% (y-o-y)
$248,000
1.4
% (y-o-y)
62.7%
66.1
% (y-o-y)
Rockford
189
3.8
% (y-o-y)
$62,100
8.7
% (y-o-y)
22.7%
48.5
% (y-o-y)
Joliet
160
34.4
% (y-o-y)
$110,000
2.4
% (y-o-y)
18.2%
42.4
% (y-o-y)
Aurora
139
46.9
% (y-o-y)
$140,500
4.5
% (y-o-y)
40.4%
33.1
% (y-o-y)
Naperville
134
3.6
% (y-o-y)
$319,000
4.1
% (y-o-y)
20.4%
27.8
% (y-o-y)
PLAINFIELD
115
23.8
% (y-o-y)
$180,000
1.3
% (y-o-y)
7.2%
11.4
% (y-o-y)
Peoria
110
6.0
% (y-o-y)
$93,000
1.1
% (y-o-y)
57.1%
57.6
% (y-o-y)
Schaumburg
104
2.0
% (y-o-y)
$196,750
4.1
% (y-o-y)
37.5%
16.4
% (y-o-y)
Elgin
100
43.8
% (y-o-y)
$148,000
8.4
% (y-o-y)
31.8%
34.1
% (y-o-y)
Palatine
96
16.5
% (y-o-y)
$220,000
0.5
% (y-o-y)
55.5%
56.0
% (y-o-y)

Local Info For Illinois

Population:
12,745,359
Schools: 4334   
Household Median Income: $55,735
Unemployment: 6.00%
Percentage of vacant homes: 9.45%