Illinois Home Values & Market Trends

There have been 169,446 properties sold in the Illinois real estate market trends. Median home values in the Illinois housing market are $246,172.51. The median residential home value for transactions over the last 12 months is 220,919.567. The State of Illinois currently has 6,223 properties in foreclosure, 1,405 bank owned properties, and 2,530 headed for auction.

Illinois Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Cook

$ 264,529

$ 182/sqft

Dekalb

$ 198,050

$ 157/sqft

St. Clair

$ 169,058

$ 99/sqft

Bureau

$ 119,664

$ 63/sqft

Madison

$ 150,000

$ 101/sqft

Christian

$ 83,838

$ 52/sqft

Dupage

$ 377,909

$ 210/sqft

Fayette

$ 121,324

$ 76/sqft

Lake

$ 271,830

$ 167/sqft

Wabash

$ 103,719

$ 82/sqft

Peoria

$ 109,356

$ 72/sqft

Piatt

$ 157,000

$ 113/sqft

Winnebago

$ 177,837

$ 111/sqft

Bond

$ 117,476

$ 57/sqft

Mclean

$ 221,850

$ 92/sqft

Knox

$ 116,802

$ 86/sqft

Will

$ 307,920

$ 163/sqft

Wayne

$ 185,500

$ 83/sqft

Rock Island

$ 137,040

$ 106/sqft

Grundy

$ 338,447

$ 169/sqft

Kane

$ 282,816

$ 181/sqft

Coles

$ 104,279

$ 75/sqft

Mchenry

$ 309,261

$ 164/sqft

Richland

$ 198,735

$ 108/sqft

Tazewell

$ 143,500

$ 87/sqft

Mason

$ 71,624

$ 52/sqft

Sangamon

$ 132,346

$ 83/sqft

Clay

$ 93,000

$ 76/sqft

Williamson

$ 139,568

$ 85/sqft

Marshall

$ 142,761

$ 77/sqft

Lasalle

$ 152,323

$ 112/sqft

Livingston

$ 169,669

$ 70/sqft

Macoupin

$ 134,949

$ 86/sqft

Menard

$ 152,586

$ 66/sqft

Champaign

$ 164,813

$ 120/sqft

Douglas

$ 133,269

$ 76/sqft

Boone

$ 259,900

$ 125/sqft

Cass

$ 155,000

$ 55/sqft

Franklin

$ 69,664

$ 52/sqft

Washington

$ 140,686

$ 80/sqft

Stephenson

$ 154,875

$ 111/sqft

Lawrence

$ 175,000

$ 85/sqft

Ogle

$ 178,298

$ 92/sqft

Greene

$ 62,500

$ 80/sqft

Kendall

$ 328,240

$ 173/sqft

Logan

$ 115,000

$ 87/sqft

Kankakee

$ 175,750

$ 117/sqft

Edwards

$ 86,594

$ 50/sqft

Jackson

$ 90,002

$ 56/sqft

De Witt

$ 214,596

$ 68/sqft

Jo Daviess

$ 279,007

$ 195/sqft

Perry

$ 246,939

$ 104/sqft

Whiteside

$ 121,933

$ 83/sqft

Iroquois

$ 230,479

$ 92/sqft

Marion

$ 92,000

$ 60/sqft

Johnson

$ 158,220

$ 67/sqft

Woodford

$ 148,969

$ 82/sqft

Pope

$ 184,048

$ 114/sqft

Jefferson

$ 84,869

$ 54/sqft

Putnam

$ 234,656

$ 104/sqft

Crawford

$ 137,151

$ 100/sqft

Ford

$ 154,945

$ 75/sqft

Fulton

$ 91,885

$ 67/sqft

Union

$ 72,410

$ 49/sqft

Adams

$ 126,970

$ 87/sqft

Morgan

$ 128,518

$ 79/sqft

Vermilion

$ 61,506

$ 58/sqft

Stark

$ 162,715

$ 72/sqft

Randolph

$ 123,841

$ 64/sqft

Moultrie

$ 133,423

$ 112/sqft

Mcdonough

$ 62,364

$ 47/sqft

Henderson

$ 89,900

$ 72/sqft

Jersey

$ 164,900

$ 118/sqft

Gallatin

$ 64,150

$ 48/sqft

Clinton

$ 187,420

$ 100/sqft

Alexander

$ --

$ --

Macon

$ 118,221

$ 84/sqft

Pulaski

$ 111,182

$ 56/sqft

Carroll

$ 119,926

$ 84/sqft

Schuyler

$ 301,195

$ 114/sqft

Monroe

$ 275,000

$ 137/sqft

Hamilton

$ 49,917

$ 67/sqft

Mercer

$ 154,518

$ 101/sqft

Cumberland

$ 77,500

$ 49/sqft

Montgomery

$ 89,400

$ 64/sqft

Clark

$ 161,135

$ 96/sqft

Henry

$ 181,731

$ 99/sqft

Hardin

$ --

$ --

Lee

$ 191,173

$ 105/sqft

Effingham

$ 1,543,401

$ 130/sqft

Hancock

$ 130,000

$ 82/sqft

Brown

$ --

$ --

Massac

$ 91,584

$ 58/sqft

Edgar

$ --

$ --

Pike

$ 149,000

$ 80/sqft

Calhoun

$ --

$ --

Saline

$ 75,418

$ 52/sqft

Jasper

$ --

$ --

Warren

$ 98,224

$ 86/sqft

Scott

$ --

$ --

White

$ 119,000

$ 85/sqft

Shelby

$ --

$ --

See More

Housing Market Summary for Illinois

Mar 2023February 2024Change
Median Listing Price$202.6K$249.7K23.21%
Median Sold Price$246.3K$249.7K1.36%
Homes For Sale6,9887,0280.57%
Homes Sold101,713106,8835.08%
Price
$/Sqft
Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Illinois

There are currently 7,055 properties for sale in Illinois. The current home value ranges in price from 1 to 6,995,000. The total count of properties in the state is 3,824,962, and the percentage of properties for sale is 7055.00%.

Foreclosure
There are 102 counties within Illinois; within these counties, the median estimated home value for homes in foreclosure ranges from $254,098 in Jefferson to the lowest value of $11,060 in Jefferson. Foreclosure homes account for 0.00% of properties in Illinois with Cook containing 2290 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.06% of all residential properties in Illinois with Cook containing 675 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 102 counties within Illinois; of those counties, the estimated home value for pre-foreclosure homes ranges from $1,614,238 in Jersey to the lowest home value of $18,065 in Clinton.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Illinois ranges from the highest value of $6,673,278 in Richland to the lowest value of $11,060 in Jefferson. Bank owned homes and properties account for 0.04% of properties in Illinois. There are 102 counties within Illinois; Cook containing 624 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Cook has 991 auction properties, the highest number of properties going to auction in a single county in the state of Illinois. Auction homes and other auction properties account for 0.07% of all properties in Illinois. There are 102 counties within Illinois; of those counties, the median estimated home value for homes going to auction ranges from $2,656,000 in Jo Daviess to the lowest value of $15,010 in Jo Daviess.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.18% of residential properties in Illinois with Cook containing 2052 homes for sale, the highest number of listed properties in a single county. There are 102 counties within Illinois; homes for sale in those counties, have a range of median values from $1,543,401 in Effingham to the lowest value of $11,010 in Montgomery.
    Sold Homes
    The median value for recently sold homes ranges from $1,567,990 in Kendall to the lowest price of $6,593 in Kendall. There are 102 counties within Illinois. Cook has 39264 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 2.72% of properties in Illinois.

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      Guide for Illinois

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      A Luxury Mansion
      Investing Strategies
      Winning A Luxury Real Estate Auctions: Key Tips
      California
      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California
      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      A Luxury Mansion
      Winning A Luxury Real Estate Auctions: Key Tips
      Investing Strategies|posted 1 March 2024

      A few quick tips to prepare you for selling a luxury home at auction

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.

      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      California|posted 1 March 2024

      Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.