Tracey Velt's Market Report

Illinois, IL

Single-Family Homes

HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498



Illinois, IL

Sun Apr 14 2024
This week the median list price for Illinois, IL is $319,900 with the market action index hovering around 51. This is an increase over last month's market action index of 48. Inventory has held steady at or around 9,432. Click here to stay informed with the Illinois market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Illinois, IL

Sun Apr 14 2024
This week the median list price for Illinois, IL is $319,900 with the market action index hovering around 51. This is an increase over last month's market action index of 48. Inventory has held steady at or around 9,432. Click here to stay informed with the Illinois market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Real-Time Market Profile

Never miss important changes in the Illinois market.
Median List Price $319,900
Median Price of New Listings $299,900
Per Square Foot $165
Average Days on Market 104
Median Days on Market 42
Price Decreased 24%
Price Increased 2%
Relisted 13%
Inventory 9,432
Median Rent
Market Action 51
Strong Seller's Market

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
$850,000 3,504 0.25 - 0.5 acre 4 3.5 25 225 348 56
$409,000 2,063 0.25 - 0.5 acre 3 2.5 44 404 534 35
$235,000 1,555 6,500 - 8,000 sqft 3 2 68 397 586 35
$90,000 1,200 6,500 - 8,000 sqft 3 1 87 298 456 49