Illinois Housing Market Statistics

IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales

Weather and lower inventory impact February Illinois home sales but median prices see annual gain

 

(March 20, 2014) --Illinois home sales decreased 6.2 percent over previous-year levels in February while median prices increased 6.9 percent, according to the Illinois Association of REALTORS®. Read the news release.

NEW! Infographic: Median Home Prices Continue Gains in February - DOWNLOAD PDF | JPG

NEW! Infographic: Median Price Continues to Rise DOWNLOAD PDF | JPG

UPDATED! Infographic: A look at the 30-year fixed-rate mortgage over time DOWNLOAD PDF | JPG

Infographic on the 2013 Illinois Housing Market: A Year of Recovery - DOWNLOAD PDF | JPG

Infographic: The highs and lows of the Illinois housing market - DOWNLOAD PDF | JPG

Infographic: The Cost of Putting Off a Home Purchase - DOWNLOAD PDF | JPG

 

Statewide
Sales -6.2%
Click here for report

 

Housing Price Forecast

“The combination of increasing median prices and mixed signals from sales continued in February,” noted Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois. “Clearly, the dismal, persistent winter weather dampened enthusiasm for the housing market in early 2014; however, the forecast for month-to month-sales indicates positive trends for the next three months." 

Chicago PMSA
Sales -8.2%
Click here for report

City of Chicago
Sales -3.5%
Click here for report


Contact: Jon Broadbooks, Director of Communications
217-529-2600 phone | jbroadbooks@iar.org


 

Looking for trends and data on Illinois homebuyers?

Find demographic data at www.whyibuy.org

  • 88% utilized the services of a REALTOR® for their most recent purchase.
 
  • 74% were married.
  • 21% were first-time homebuyers.
 
  • 68% stayed within their previous county.

WhyIBuy is a project of the Illinois Association of REALTORS® that aims to better understand the opinions and motivations of homebuyers across the state. Learn more.