Illinois Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $170,000
    6% ( $10,100 ) vs Feb 2014
  • Median Sales Price
    $170,000
    2% ( $4,000 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $103,500
    1% ( $1,500 ) vs Feb 2014
  • Foreclosures View
    Homes for Sale 36,908
    Recently Sold 74,419

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 36,908.

In March, the number of properties that received a foreclosure filing in IL was 100% higher than the previous month and 50% higher than the same time last year.

Home sales for February 2015 were down 35% compared with the previous month, and down 35% compared with a year ago. The median sales price of a non-distressed home was $170,000. The median sales price of a foreclosure home was $103,500, or 39% lower than non-distressed home sales.

Sales Prices - Illinois




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$103,500 (Median Foreclosure Sales Price) $102,000 (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) $170,000 (Median Sales Price) $174,000 (Median Sales Price) $177,950 (Median Sales Price) $185,000 (Median Sales Price) $192,500 (Median Sales Price) $198,000 (Median Sales Price) $103,500 (Median Foreclosure Sales Price) $102,000 (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) $170,000 (Median Sales Price) $174,000 (Median Sales Price) $177,950 (Median Sales Price) $185,000 (Median Sales Price) $192,500 (Median Sales Price) $198,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
RealtyTrac can supply you with this data through reports or a data license. Contact us now!

Top Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,746
31.8
% (y-o-y)
$245,000
2.0
% (y-o-y)
60.4%
64.4
% (y-o-y)
Rockford
145
1.4
% (y-o-y)
$57,357
9.0
% (y-o-y)
23.4%
50.0
% (y-o-y)
Aurora
111
45.0
% (y-o-y)
$144,000
9.9
% (y-o-y)
34.0%
30.7
% (y-o-y)
Peoria
93
25.6
% (y-o-y)
$83,550
2.8
% (y-o-y)
56.0%
32.3
% (y-o-y)
Elgin
76
42.0
% (y-o-y)
$145,000
7.4
% (y-o-y)
18.3%
28.7
% (y-o-y)
Belleville
67
9.5
% (y-o-y)
$98,500
3.7
% (y-o-y)
72.1%
50.5
% (y-o-y)
Palatine
67
2.9
% (y-o-y)
$212,000
4.5
% (y-o-y)
64.6%
59.0
% (y-o-y)
Schaumburg
67
15.2
% (y-o-y)
$195,750
15.1
% (y-o-y)
38.3%
1.9
% (y-o-y)
Des Plaines
64
39.0
% (y-o-y)
$180,000
28.6
% (y-o-y)
4.2%
16.8
% (y-o-y)
Champaign
63
30.0
% (y-o-y)
$137,000
1.3
% (y-o-y)
73.4%
49.7
% (y-o-y)

Local Info For Illinois

Population:
12,745,359
Schools: 4334   
Household Median Income: $55,735
Unemployment: 6.90%
Percentage of vacant homes: 9.45%