Tracey Velt's Market Report

Illinois, IL

Single-Family Homes

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



Illinois, IL

Sun Sep 14 2025
This week the median list price for Illinois, IL is $325,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has increased to 15,361. 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.

Slight Seller's Advantage

Illinois, IL

Sun Sep 14 2025
This week the median list price for Illinois, IL is $325,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has increased to 15,361. 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.

Slight Seller's Advantage

Real-Time Market Profile

Never miss important changes in the Illinois market.
Median List Price $325,000
Median Price of New Listings $314,900
Per Square Foot $170
Average Days on Market 85
Median Days on Market 42
Price Decreased 35%
Price Increased 1%
Relisted 16%
Inventory 15,361
Median Rent
Market Action 43
Slight Seller's Advantage

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
$699,900 3,176 8,000 - 10,000 sqft 4 3.5 28 372 477 56
$399,900 2,038 0 - 4,500 sqft 4 2.5 40 483 600 35
$250,000 1,600 0 - 4,500 sqft 3 2 65 479 677 42
$119,900 1,217 0 - 4,500 sqft 3 1 85 439 595 49