Illinois home prices higher in February; home sales and inventory see year-over-year decline
Illinois median home prices moved higher in February while home sales and inventory were lower than the year before, according to data from Illinois REALTORS®. In February 2026, statewide home sales (including single-family homes and condominiums) of 7,356 homes sold was 5.9 percent lower than 7,820 sold in February 2025. [...]
Monthly Housing Market Reports
Illinois REALTORS® partners with the Institute for Housing Studies at DePaul University to provide a housing forecasting model based on Multiple Listing Service sales reported by participating local boards and associations. The forecast links economic indicators with real estate trends and indicators for the state of Illinois as a whole and the Chicago Metro Area and offers monthly, quarterly and annual outlooks.
Illinois Housing Data at a Glance
