Illinois Home Values & Market Trends

There have been 169,400 properties sold in the Illinois real estate market trends. Median home values in the Illinois housing market are $266,044.06. The median residential home value for transactions over the last 12 months is 224,859.824. The State of Illinois currently has 16,104 properties in foreclosure, 1,269 bank owned properties, and 2,388 headed for auction.

Illinois Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Cook

$ 300,601

$ 208/sqft

Warren

$ 110,279

$ 66/sqft

St. Clair

$ 186,732

$ 109/sqft

Lee

$ 160,990

$ 129/sqft

Madison

$ 181,024

$ 115/sqft

White

$ 102,617

$ 79/sqft

Winnebago

$ 171,763

$ 107/sqft

Bureau

$ 135,000

$ 107/sqft

Dupage

$ 435,000

$ 229/sqft

Fayette

$ 120,501

$ 69/sqft

Lake

$ 342,300

$ 184/sqft

Clay

$ 81,000

$ 68/sqft

Peoria

$ 132,758

$ 77/sqft

Wayne

$ 228,325

$ 107/sqft

Will

$ 339,900

$ 181/sqft

Mason

$ 85,179

$ 61/sqft

Mclean

$ 223,994

$ 92/sqft

Grundy

$ 333,917

$ 157/sqft

Kane

$ 327,713

$ 189/sqft

Marshall

$ 131,500

$ 83/sqft

Rock Island

$ 129,419

$ 105/sqft

Greene

$ 55,309

$ 59/sqft

Mchenry

$ 317,000

$ 166/sqft

Coles

$ 138,829

$ 90/sqft

Tazewell

$ 150,560

$ 92/sqft

Lawrence

$ 119,900

$ 89/sqft

Sangamon

$ 146,999

$ 90/sqft

Piatt

$ 167,561

$ 94/sqft

Williamson

$ 142,241

$ 99/sqft

Bond

$ 104,900

$ 71/sqft

Lasalle

$ 172,231

$ 121/sqft

Washington

$ 98,706

$ 74/sqft

Jo Daviess

$ 269,900

$ 172/sqft

Richland

$ 285,912

$ 131/sqft

Macoupin

$ 139,900

$ 88/sqft

Livingston

$ 163,786

$ 73/sqft

Franklin

$ 66,017

$ 49/sqft

Ford

$ 158,900

$ 72/sqft

Boone

$ 274,141

$ 134/sqft

Douglas

$ 167,450

$ 95/sqft

Stephenson

$ 177,212

$ 102/sqft

Johnson

$ 129,703

$ 61/sqft

Champaign

$ 194,900

$ 125/sqft

Edwards

$ 81,221

$ 58/sqft

Ogle

$ 182,450

$ 102/sqft

Pope

$ 205,959

$ 120/sqft

Woodford

$ 269,873

$ 117/sqft

De Witt

$ 299,000

$ 69/sqft

Kendall

$ 359,700

$ 173/sqft

Perry

$ 202,517

$ 84/sqft

Jackson

$ 73,288

$ 51/sqft

Iroquois

$ 197,200

$ 103/sqft

Kankakee

$ 187,351

$ 116/sqft

Cass

$ 157,662

$ 62/sqft

Whiteside

$ 131,167

$ 93/sqft

Morgan

$ 78,178

$ 48/sqft

Marion

$ 94,000

$ 60/sqft

Hamilton

$ 56,826

$ 59/sqft

Jefferson

$ 69,134

$ 45/sqft

Menard

$ 161,904

$ 90/sqft

Carroll

$ 155,247

$ 91/sqft

Stark

$ 119,430

$ 57/sqft

Clinton

$ 171,213

$ 99/sqft

Logan

$ 91,645

$ 98/sqft

Hancock

$ 143,202

$ 84/sqft

Union

$ 87,257

$ 66/sqft

Crawford

$ 154,317

$ 104/sqft

Gallatin

$ 90,926

$ 53/sqft

Macon

$ 79,900

$ 65/sqft

Pulaski

$ 51,781

$ 33/sqft

Fulton

$ 127,291

$ 81/sqft

Schuyler

$ 230,703

$ 98/sqft

Montgomery

$ 89,000

$ 62/sqft

Putnam

$ 176,700

$ 151/sqft

Monroe

$ 253,669

$ 144/sqft

Effingham

$ 730,029

$ 211/sqft

Adams

$ 143,946

$ 88/sqft

Cumberland

$ 69,900

$ 44/sqft

Dekalb

$ 289,900

$ 174/sqft

Edgar

$ 63,500

$ 46/sqft

Wabash

$ 160,000

$ 82/sqft

Jasper

$ 115,430

$ 58/sqft

Randolph

$ 131,843

$ 70/sqft

Henderson

$ 100,434

$ 106/sqft

Massac

$ 69,245

$ 52/sqft

Brown

$ 36,309

$ --

Christian

$ 93,283

$ 63/sqft

Alexander

$ --

$ --

Mercer

$ 166,230

$ 103/sqft

Moultrie

$ 132,029

$ 111/sqft

Knox

$ 105,683

$ 85/sqft

Calhoun

$ 68,215

$ 62/sqft

Henry

$ 188,931

$ 96/sqft

Scott

$ 80,080

$ 43/sqft

Pike

$ 138,185

$ 73/sqft

Shelby

$ --

$ --

Jersey

$ 170,885

$ 125/sqft

Clark

$ 135,125

$ 141/sqft

Saline

$ 89,801

$ 58/sqft

Hardin

$ --

$ --

Vermilion

$ 39,900

$ 41/sqft

Mcdonough

$ --

$ --

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Housing Market Summary for Illinois

May 2023April 2024Change
Median Listing Price$223K$262.2K17.59%
Median Sold Price$251.3K$262.2K4.31%
Homes For Sale7,7357,9122.29%
Homes Sold98,77598,207-0.58%
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 7,745 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 3,819,222, and the percentage of properties for sale is 7745.00%.

Foreclosure
There are 102 counties within Illinois; within these counties, the median estimated home value for homes in foreclosure ranges from $189,021 in Massac to the lowest value of $13,180 in Massac. Foreclosure homes account for 0.00% of properties in Illinois with Cook containing 7071 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.33% of all residential properties in Illinois with Cook containing 5478 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 $6,653,000 in Johnson to the lowest home value of $16,860 in Jasper.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Illinois ranges from the highest value of $6,825,228 in Dupage to the lowest value of $13,180 in Massac. Bank owned homes and properties account for 0.03% of properties in Illinois. There are 102 counties within Illinois; Cook containing 546 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Cook has 1047 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 0.06% 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 $2,769,263 in Perry to the lowest value of $21,664 in Perry.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.20% of residential properties in Illinois with Cook containing 2132 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 $525,000 in Grundy to the lowest value of $8,265 in Marion.
    Sold Homes
    The median value for recently sold homes ranges from $1,391,624 in Grundy to the lowest price of $6,701 in Grundy. There are 102 counties within Illinois. Cook has 38547 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 2.55% of properties in Illinois.

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      Guide for Illinois

      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Foreclosure
      Title Issues in Foreclosure Properties and How to Resolve Them
      Financing Guides
      $2,500 RealtyTrac Scholarship, 2024
      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      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.

      Title Issues in Foreclosure Properties and How to Resolve Them
      Foreclosure|posted 13 May 2024

      Minimizing risks and ensuring a smooth transaction requires a clear understanding of title issues and effective resolution strategies

      $2,500 RealtyTrac Scholarship, 2024
      Financing Guides|posted 13 May 2024

      Write a personal, real estate-focused essay for the chance to earn a scholarship worth $2,500