Illinois Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $159,900
    6% ( $10,000 ) vs Dec 2013
  • Median Sales Price
    $185,000
    5% ( $9,000 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $103,250
    2% ( $1,750 ) vs Dec 2013
  • Foreclosures View
    Homes for Sale 29,201
    Recently Sold 83,113

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 29,201.

In January, the number of properties that received a foreclosure filing in IL was 3% lower than the previous month and 12% lower than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $185,000. The median sales price of a foreclosure home was $103,250, or 44% lower than non-distressed home sales.

Sales Prices - Illinois




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$103,250 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $185,000 (Median Sales Price) $194,000 (Median Sales Price) $200,000 (Median Sales Price) $205,000 (Median Sales Price) $202,000 (Median Sales Price) $197,500 (Median Sales Price) $103,250 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $185,000 (Median Sales Price) $194,000 (Median Sales Price) $200,000 (Median Sales Price) $205,000 (Median Sales Price) $202,000 (Median Sales Price) $197,500 (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
618
81.0
% (y-o-y)
$260,000
1.6
% (y-o-y)
63.8%
64.8
% (y-o-y)
Aurora
61
72.6
% (y-o-y)
$143,000
1.9
% (y-o-y)
41.6%
34.8
% (y-o-y)
Joliet
52
73.2
% (y-o-y)
$118,000
1.7
% (y-o-y)
19.5%
36.8
% (y-o-y)
Bolingbrook
40
51.2
% (y-o-y)
$150,000
6.3
% (y-o-y)
11.8%
23.1
% (y-o-y)
PLAINFIELD
40
67.5
% (y-o-y)
$194,500
9.9
% (y-o-y)
0.3%
11.3
% (y-o-y)
Rockford
34
88.9
% (y-o-y)
$70,000
0.0
% (y-o-y)
37.1%
45.9
% (y-o-y)
Elgin
34
75.0
% (y-o-y)
$148,000
10.4
% (y-o-y)
32.9%
35.3
% (y-o-y)
Waukegan
31
72.1
% (y-o-y)
$83,125
1.0
% (y-o-y)
50.9%
46.7
% (y-o-y)
Schaumburg
29
77.2
% (y-o-y)
$200,000
0.0
% (y-o-y)
28.5%
24.8
% (y-o-y)
Round Lake
26
71.4
% (y-o-y)
$107,900
19.9
% (y-o-y)
16.3%
22.2
% (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%