Illinois Housing Market Statistics

IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales

Illinois home prices surge 13.1 percent in February; Home sales decline 1.7 percent amid tight inventories

Road to Recovery: Housing Shows Strength in 2014



(March 23, 2015) - Illinois home prices continued to strengthen as the statewide median price experienced a double-digit annual gain in February, marking 30 consecutive months of year-over-year price increases, according to the Illinois Association of REALTORS®. Read the news release.

NEW: REAL study on the hidden cost of foreclosures in Chicago neighborhoods

New! Infographic: Illinois Home Prices Head Higher in February 2015
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Infographic: February Housing Market Snapshot
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Infographic: Road to Recovery: Housing Shows Strength in 2014
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Infographic: What's the Housing Market Look Like for 2015?Download PDF | JPG | En Español

Infographic: Illinois Housing Market Faststats 3Q14
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Infographic: September Mortgage Interest Rates Hit New 2014 Lows
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Infographic: Illinois Housing Market Forecast
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Infographic: July Illinois Housing Market Snapshot
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Sales -1.7%
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(En Español)


Housing Price Forecast

“Spring has come earlier than the weather to the housing market with solid gains in prices even with slight declines in monthly and year-over-year sales,” said Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois. “Home buyers seem to be differentiating between regular and foreclosed homes for sale with the former gaining increasing shares of sales over the last year and thus propelling the increase in median prices in both Illinois and Chicago.”

Chicago PMSA
Sales -1.3%
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(En Español)

City of Chicago
Sales +3.9%
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(En Español)

Contact: Jon Broadbooks, Director of Communications
217-529-2600 phone |