IAR Market Stats

Market Stats

Illinois Association of REALTORS Housing Statistics

Median Price of Existing Condominiums in Illinois

Local Association Markets	2002	2003	2Q 2002	2Q 2003	2Q 2004	2Q 02 to 2Q 03	2Q 03 to 2Q 04
Aurora	$138,300	$149,900	$136,600	$148,700	$161,100	8.9%	8.3%
Barrington	$247,800	$271,600	$266,700	$247,200	$277,500	-7.3%	12.3%
Belleville	$169,900	$183,500	$158,200	$178,900	$189,700	13.1%	6.0%
Bloomington-Normal	$114,500	$123,100	$112,500	$123,500	$118,800	9.8%	-3.8%
Capital Area (Springfield)	$72,600	$79,800	$77,500	$75,000	$97,500	-3.2%	30.0%
Champaign	$95,800	$122,400	$95,500	$118,100	$126,500	23.7%	7.1%
Chicago	$240,300	$253,700	$241,700	$255,100	$268,200	5.5%	5.1%
DeKalb	$113,800	$127,600	$107,800	$126,700	$134,600	17.5%	6.2%
Egyptian	$58,700	$58,300	$35,000	$51,700	$75,000	47.7%	45.1%
Elgin	$146,900	$158,100	$145,500	$158,200	$167,400	8.7%	5.8%
Fox Valley	$189,300	$200,900	$187,100	$206,800	$219,200	10.5%	6.0%
Freeport-Galena	$110,500	$108,000	$113,300	$95,000	$121,200	-16.2%	27.6%
Greater Gateway	$168,400	$183,400	$171,500	$186,000	$184,800	8.5%	-0.6%
Lake County	$156,200	$163,000	$154,800	$163,700	$168,100	5.7%	2.7%
McHenry County	$147,000	$159,800	$141,200	$157,700	$162,800	11.7%	3.2%
North Shore	$219,500	$240,300	$207,600	$239,700	$243,600	15.5%	1.6%
Northwest	$154,000	$165,500	$154,100	$166,000	$175,900	7.7%	6.0%
Oak Park	$144,800	$157,700	$140,300	$158,700	$175,200	13.1%	10.4%
Peoria Area	$123,500	$126,300	$114,400	$123,500	$122,900	8.0%	-0.5%
Quad City Area	$128,600	$138,000	$125,600	$136,000	$107,500	8.3%	-21.0%
Rockford	$99,800	$106,500	$95,900	$105,000	$104,600	9.5%	-0.4%
Sauk Valley (Whiteside)	$123,300	$95,000	$115,000	$130,000	$95,000	13.0%	-26.9%
South/Southwest	$108,200	$119,500	$105,500	$122,300	$132,300	15.9%	8.2%
Three Rivers (Will-Grundy)	$129,600	$140,900	$130,400	$141,100	$150,400	8.2%	6.6%
Tri County	$122,900	$130,800	$123,300	$128,300	$149,500	4.1%	16.5%
West Towns	$105,000	$117,600	$115,000	$118,000	$119,400	2.6%	1.2%
Western Suburbs	$150,300	$161,600	$148,900	$162,800	$167,300	9.3%	2.8%
Statewide Totals	$167,400	$178,000	$166,800	$177,100	$190,200	6.2%	7.4%
Chicago PMSA Totals	$170,300	$181,200	$170,100	$180,600	$194,200	6.2%	7.5%
Source: Illinois Association of REALTORS®

Existing Condominium Sales in Illinois

Local Association Markets	2002	2003	2Q 2002	2Q 2003	2Q 2004	2Q 02 to 2Q 03	2Q 03 to 2Q 04
Aurora	1,284	1,344	377	360	494	-4.5%	37.2%
Barrington	115	119	40	29	43	-27.5%	48.3%
Belleville	419	515	109	115	147	5.5%	27.8%
Bloomington-Normal	451	515	132	167	128	26.5%	-23.4%
Capital Area (Springfield)	137	191	40	49	43	22.5%	-12.2%
Champaign County	300	342	104	95	124	-8.7%	30.5%
Chicago	16,620	18,803	4,895	5,119	6,302	4.6%	23.1%
DeKalb	115	168	27	46	57	70.4%	23.9%
Egyptian	41	43	7	15	15	114.3%	0.0%
Elgin	1,623	1,710	456	490	539	7.5%	10.0%
Fox Valley	440	475	124	134	141	8.1%	5.2%
Freeport-Galena	92	132	24	62	37	158.3%	-40.3%
Greater Gateway	441	566	132	141	155	6.8%	9.9%
Lake County	1,867	2,005	565	580	643	2.7%	10.9%
McHenry County	1,002	1,131	263	322	323	22.4%	0.3%
North Shore	2,185	2,330	664	611	889	-8.0%	45.5%
Northwest	5,523	6,240	1,560	1,759	1,875	12.8%	6.6%
Oak Park	814	832	219	231	309	5.5%	33.8%
Peoria Area	244	274	71	91	96	28.2%	5.5%
Quad City Area	108	114	37	44	33	18.9%	-25.0%
Rockford	318	451	81	145	143	79.0%	-1.4%
Sauk Valley (Whiteside)	11	5	3	1	15	-66.7%	1400.0%
South/Southwest	3,116	3,186	872	894	957	2.5%	7.0%
Three Rivers (Will-Grundy)	1,631	1,893	487	544	624	11.7%	14.7%
Tri County	113	162	33	40	65	21.2%	62.5%
West Towns	142	161	36	47	47	30.6%	0.0%
Western Suburbs	5,814	6,365	1,699	1,848	2,038	8.8%	10.3%
Statewide Totals	44,966	50,072	13,057	13,979	16,282	7.1%	16.5%
Chicago PMSA Totals	42,289	46,756	12,290	13,008	15,289	5.8%	17.5%
Source: Illinois Association of REALTORS®

The Chicagoland PMSA is defined by the OMB (Cook County, DuPage County, Grundy County, Kane County, Kendall County, Lake County, McHenry County, and Will County).