RealTrends Market Report
Illinois, IL
Single-Family Homes
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Illinois, IL
Sun May 17 2026
This week the median list price for Illinois, IL is $340,000 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has increased to 12,836.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $340,000 | |
| Median Price of New Listings | $375,000 | |
| Per Square Foot | $174 | |
| Average Days on Market | 86 | |
| Median Days on Market | 35 | |
| Price Decreased | 28% | |
| Price Increased | 1% | |
| Relisted | 13% | |
| Inventory | 12,836 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $784,900 | 3,286 | 0.25 - 0.5 acre | 4 | 3.5 | 29 | 575 | 555 | 28 |
| $430,000 | 2,084 | 4,500 - 6,500 sqft | 4 | 2.5 | 38 | 597 | 647 | 28 |
| $254,900 | 1,600 | 0 - 4,500 sqft | 3 | 2 | 66 | 573 | 640 | 35 |
| $115,000 | 1,200 | 0 - 4,500 sqft | 3 | 1 | 86 | 370 | 433 | 56 |