Illinois Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $153,500
    6% ( $8,600 ) vs Feb 2013
  • Median Sales Price
    $169,000
    1% ( $1,000 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $95,000
    4% ( $4,000 ) vs Feb 2013
  • Foreclosures View
    Homes for Sale 37,435
    Recently Sold 135,856

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 37,435.

In March, the number of properties that received a foreclosure filing in IL was 19% higher than the previous month and 35% lower than the same time last year.

Home sales for February 2014 were down 23% compared with the previous month, and down 8% compared with a year ago. The median sales price of a non-distressed home was $169,000. The median sales price of a foreclosure home was $95,000, or 44% lower than non-distressed home sales.

Sales Prices - Illinois




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$95,000 (Median Foreclosure Sales Price) $99,000 (Median Foreclosure Sales Price) $100,000 (Median Foreclosure Sales Price) $102,000 (Median Foreclosure Sales Price) $102,000 (Median Foreclosure Sales Price) $102,001 (Median Foreclosure Sales Price) $169,000 (Median Sales Price) $168,000 (Median Sales Price) $168,000 (Median Sales Price) $170,000 (Median Sales Price) $178,500 (Median Sales Price) $185,000 (Median Sales Price) $95,000 (Median Foreclosure Sales Price) $99,000 (Median Foreclosure Sales Price) $100,000 (Median Foreclosure Sales Price) $102,000 (Median Foreclosure Sales Price) $102,000 (Median Foreclosure Sales Price) $102,001 (Median Foreclosure Sales Price) $169,000 (Median Sales Price) $168,000 (Median Sales Price) $168,000 (Median Sales Price) $170,000 (Median Sales Price) $178,500 (Median Sales Price) $185,000 (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
2,553
10.1
% (y-o-y)
$250,000
16.0
% (y-o-y)
64.6%
63.8
% (y-o-y)
Aurora
201
6.9
% (y-o-y)
$131,000
10.1
% (y-o-y)
30.9%
41.2
% (y-o-y)
Rockford
145
40.1
% (y-o-y)
$63,000
9.9
% (y-o-y)
49.5%
47.7
% (y-o-y)
Joliet
131
32.1
% (y-o-y)
$101,000
5.2
% (y-o-y)
25.5%
9.3
% (y-o-y)
Elgin
129
0.0
% (y-o-y)
$135,000
0.0
% (y-o-y)
31.1%
43.7
% (y-o-y)
Peoria
125
1.6
% (y-o-y)
$81,250
8.3
% (y-o-y)
32.3%
64.7
% (y-o-y)
Naperville
119
12.5
% (y-o-y)
$335,000
9.8
% (y-o-y)
25.4%
23.7
% (y-o-y)
Des Plaines
105
8.7
% (y-o-y)
$140,000
13.8
% (y-o-y)
16.8%
39.8
% (y-o-y)
Waukegan
100
8.7
% (y-o-y)
$85,000
17.2
% (y-o-y)
47.9%
26.9
% (y-o-y)
Champaign
90
66.7
% (y-o-y)
$135,250
2.3
% (y-o-y)
49.7%
64.8
% (y-o-y)

Local Info For Illinois

Population:
12,745,359
Schools: 4334   
Household Median Income: $55,735
Unemployment: 8.30%
Percentage of vacant homes: 9.45%