Illinois Real Estate Market Trends & Home Values

Illinois Market Overview

There have been 203,830 properties sold in the Illinois real estate market trends. Median home values in the Illinois housing market are $250,519. The median residential home value for transactions over the last 12 months is $242,817. The State of Illinois currently has 23,189 properties in foreclosure, 1,810 bank owned properties, and 3,140 headed for auction.

Active Residential Inventory

Total Inventory

Recently Sold Properties

Illinois Home Values

$250,519

There are currently 6,894 properties for sale in Illinois. The current home value ranges in price from $1,500 to $10,500,000. The total count of properties in the state is 3,820,895, and the percentage of properties for sale is 22.9%.

Illinois Real Estate Market Overview

Illinois Foreclosures Market Overview

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Search By County

County	Median Est. Value
Dupage County	$330,205 $216.71/sqft
Will County	$287,952 $167.63/sqft
Mchenry County	$282,137 $180.36/sqft
Kane County	$274,129 $177.68/sqft
Lake County	$273,301 $178.91/sqft
Cook County	$234,649 $176.65/sqft
Winnebago County	$148,295 $108.60/sqft
St. Clair County	$129,111 $115.31/sqft
Madison County	$124,404 $102.60/sqft
Peoria County	$99,143 $84.00/sqft

There are 101 counties within Illinois; within these counties, the median estimated home value for homes in foreclosure ranges from $6,682,559 in Cook County to the lowest value of $8,889 in Saline County. Foreclosure homes account for 0.61% of properties in Illinois with Cook County containing 7,434 foreclosures, the highest number of foreclosure properties in a single county.