Illinois Real Estate Market Trends & Home Values

Illinois Market Overview

There have been 229,642 properties sold in the Illinois real estate market trends. Median home values in the Illinois housing market are $246,581. The median residential home value for transactions over the last 12 months is $244,954. The State of Illinois currently has 19,792 properties in foreclosure, 214 bank owned properties, and 2,619 headed for auction.

Active Residential Inventory

Total Inventory

Recently Sold Properties

Illinois Home Values

$246,581

There are currently 9,685 properties for sale in Illinois. The current home value ranges in price from $1 to $6,500,000. The total count of properties in the state is 3,820,553, and the percentage of properties for sale is 32.9%.

Illinois Real Estate Market Overview

Illinois Foreclosures Market Overview

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Search By County

County	Median Est. Value
Dupage County	$330,604 $217.94/sqft
Will County	$290,792 $167.36/sqft
Mchenry County	$284,902 $177.95/sqft
Lake County	$272,694 $177.00/sqft
Kane County	$268,598 $174.00/sqft
Cook County	$241,180 $181.72/sqft
Winnebago County	$143,375 $106.17/sqft
St. Clair County	$133,336 $118.89/sqft
Madison County	$119,203 $98.43/sqft
Peoria County	$102,347 $84.20/sqft

There are 100 counties within Illinois; within these counties, the median estimated home value for homes in foreclosure ranges from $3,999,999 in Cook County to the lowest value of $11,142 in Mcdonough County. Foreclosure homes account for 0.52% of properties in Illinois with Cook County containing 6,753 foreclosures, the highest number of foreclosure properties in a single county.