Illinois Real Estate & Property Data

Illinois Real Estate Market Trends
Last Updated: May 23, 2024

Get access to Illinois real estate data and housing market reports powered by the industry’s leading provider of real estate and property data, ATTOM. There have been 170,358 residential properties sold in the Illinois real estate market over the past 12 months. As of March 2024, the median home price in IL on single-family homes is $276,000. The median single-family home value for properties over the last 12 months is $264,720. Currently, the State of Illinois has 1,946 properties in foreclosure and 184 REOs (real estate bank owned).

See how easy it is to locate target properties in IL, build bespoke property reports, and create marketing lists from ATTOM’s Illinois real estate data.

Illinois Real Estate Market Trends
Total Residential Properties 3,993,141
Total Commercial Properties 320,035
Avg. Home Age (Single Family Home) 58 Years
Avg. Square Feet (Single Family Home) 1,688
Total 2024 Residential Sales (year-to-date) 30,671
% of Homes Seriously Underwater (Q2 2024) 1.28%
Total 2023 Residential Sales 158,673
% of Equity Rich Homes (Q2 2024) 34.58%
Effective 2023 Property Tax 1.76%
Total Foreclosure Filings (year-to-date) 4,825
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Illinois Real Estate Overview

There were 170,358 residential properties sold in the past year in Illinois. The median home value in Illinois is $264,720. There are a total of 3,993,141 residential properties in the IL.

Median Sales Price i
$276,000
(Mar 2024)
+10%
year-over-year
y-o-y
  • March '24 Mar '24 $276,000
  • February '24 Feb '24 $255,000
  • January '24 Jan '24 $260,000
  • December '23 Dec '23 $260,000
  • November '23 Nov '23 $260,000
  • October '23 Oct '23 $267,000
  • September '23 Sep '23 $272,250
  • August '23 Aug '23 $280,000
  • July '23 Jul '23 $280,000
  • June '23 Jun '23 $285,000
  • May '23 May '23 $268,000
  • April '23 Apr '23 $265,000
Median Down Payment i
$28,000
(Mar 2024)
+21.7%
year-over-year
y-o-y
  • March '24 Mar '24 $28,000
  • February '24 Feb '24 $25,000
  • January '24 Jan '24 $28,100
  • December '23 Dec '23 $29,494
  • November '23 Nov '23 $31,050
  • October '23 Oct '23 $30,000
  • September '23 Sep '23 $29,000
  • August '23 Aug '23 $32,500
  • July '23 Jul '23 $31,750
  • June '23 Jun '23 $33,000
  • May '23 May '23 $26,125
  • April '23 Apr '23 $26,687
Number of Homes Sold i
11,522
(Mar 2024)
-12.3%
year-over-year
y-o-y
  • March '24 Mar '24 11,522
  • February '24 Feb '24 8,930
  • January '24 Jan '24 10,219
  • December '23 Dec '23 12,261
  • November '23 Nov '23 11,618
  • October '23 Oct '23 14,050
  • September '23 Sep '23 14,236
  • August '23 Aug '23 16,351
  • July '23 Jul '23 13,718
  • June '23 Jun '23 17,224
  • May '23 May '23 14,986
  • April '23 Apr '23 12,099
Number of Purchase Loans i
8,827
(Mar 2024)
-9.8%
year-over-year
y-o-y
  • March '24 Mar '24 8,827
  • February '24 Feb '24 6,396
  • January '24 Jan '24 7,738
  • December '23 Dec '23 9,157
  • November '23 Nov '23 8,465
  • October '23 Oct '23 10,414
  • September '23 Sep '23 10,919
  • August '23 Aug '23 12,598
  • July '23 Jul '23 10,904
  • June '23 Jun '23 13,706
  • May '23 May '23 11,598
  • April '23 Apr '23 9,237
Number of REFI Loans i
5,382
(Mar 2024)
+7.6%
year-over-year
y-o-y
  • March '24 Mar '24 5,382
  • February '24 Feb '24 4,874
  • January '24 Jan '24 5,412
  • December '23 Dec '23 5,292
  • November '23 Nov '23 5,129
  • October '23 Oct '23 5,735
  • September '23 Sep '23 5,676
  • August '23 Aug '23 6,114
  • July '23 Jul '23 5,030
  • June '23 Jun '23 5,494
  • May '23 May '23 5,231
  • April '23 Apr '23 4,310
Number of HELOC Loans i
3,042
(Mar 2024)
-3.3%
year-over-year
y-o-y
  • March '24 Mar '24 3,042
  • February '24 Feb '24 2,357
  • January '24 Jan '24 2,603
  • December '23 Dec '23 2,816
  • November '23 Nov '23 3,136
  • October '23 Oct '23 3,394
  • September '23 Sep '23 3,291
  • August '23 Aug '23 3,845
  • July '23 Jul '23 3,111
  • June '23 Jun '23 3,578
  • May '23 May '23 3,641
  • April '23 Apr '23 3,106

Illinois Real Estate Market Overview

Last 30 days
  • County
    Median Est. Value
  • County
    Median Est. Value
  • County
    Median Est. Value

Illinois Foreclosure Activity

There were a total of 1,946 Illinois properties with a foreclosure filing in March 2024. Lenders started the foreclosure process on 1,427 Illinois properties and repossessed 184 Illinois properties through completed foreclosures (REOs) in March 2024.

Total Foreclosure Filings i
1,946
(Mar 2024)
-14.2%
year-over-year
y-o-y
  • March '24 Mar '24 1,946
  • February '24 Feb '24 1,519
  • January '24 Jan '24 1,360
  • December '23 Dec '23 1,388
  • November '23 Nov '23 1,381
  • October '23 Oct '23 1,522
  • September '23 Sep '23 1,494
  • August '23 Aug '23 1,899
  • July '23 Jul '23 1,873
  • June '23 Jun '23 1,971
  • May '23 May '23 2,173
  • April '23 Apr '23 2,103
Foreclosure Starts i
1,427
(Mar 2024)
-6.4%
year-over-year
y-o-y
  • March '24 Mar '24 1,427
  • February '24 Feb '24 996
  • January '24 Jan '24 913
  • December '23 Dec '23 886
  • November '23 Nov '23 879
  • October '23 Oct '23 874
  • September '23 Sep '23 884
  • August '23 Aug '23 1,143
  • July '23 Jul '23 1,101
  • June '23 Jun '23 1,281
  • May '23 May '23 1,358
  • April '23 Apr '23 1,350
Completed Foreclosures (REOs) i
184
(Mar 2024)
-50.3%
year-over-year
y-o-y
  • March '24 Mar '24 184
  • February '24 Feb '24 319
  • January '24 Jan '24 306
  • December '23 Dec '23 252
  • November '23 Nov '23 198
  • October '23 Oct '23 273
  • September '23 Sep '23 353
  • August '23 Aug '23 324
  • July '23 Jul '23 355
  • June '23 Jun '23 334
  • May '23 May '23 352
  • April '23 Apr '23 334
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