RealTrends Market Report
Illinois, IL
Single-Family Homes
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Illinois, IL
Wed Jun 03 2026
This week the median list price for Illinois, IL is $330,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has increased to 12,173.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $330,000 | |
| Median Price of New Listings | $330,000 | |
| Per Square Foot | $171 | |
| Average Days on Market | 89 | |
| Median Days on Market | 42 | |
| Price Decreased | 29% | |
| Price Increased | 1% | |
| Relisted | 14% | |
| Inventory | 12,173 | |
| Median Rent | ||
| Market Action | 49 | |
| Strong Seller's Market | ||
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
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 |
|---|---|---|---|---|---|---|---|---|
| $758,688 | 3,300 | 0.25 - 0.5 acre | 4 | 3.5 | 28 | 353 | 469 | 35 |
| $425,000 | 2,069 | 6,500 - 8,000 sqft | 4 | 2.5 | 40 | 458 | 694 | 35 |
| $249,000 | 1,592 | 4,500 - 6,500 sqft | 3 | 2 | 67 | 455 | 690 | 42 |
| $109,900 | 1,183 | 4,500 - 6,500 sqft | 3 | 1 | 86 | 365 | 440 | 56 |