Tracey Velt's Market Report
Illinois, IL
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Illinois, IL
Thu Jan 16 2025
This week the median list price for Illinois, IL is $284,000 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has held steady at or around 11,707.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Real-Time Market Profile
| Median List Price | $284,000 | |
| Median Price of New Listings | $260,000 | |
| Per Square Foot | $159 | |
| Average Days on Market | 106 | |
| Median Days on Market | 70 | |
| Price Decreased | 31% | |
| Price Increased | 2% | |
| Relisted | 15% | |
| Inventory | 11,707 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $639,636 | 3,000 | 8,000 - 10,000 sqft | 4 | 3 | 29 | 175 | 452 | 91 |
| $353,000 | 1,889 | 0 - 4,500 sqft | 3 | 2 | 55 | 212 | 586 | 63 |
| $219,900 | 1,500 | 0 - 4,500 sqft | 3 | 2 | 69 | 227 | 541 | 63 |
| $100,000 | 1,199 | 0 - 4,500 sqft | 3 | 1 | 86 | 230 | 489 | 63 |