Illinois Real Estate & Property Data

Illinois Real Estate Market Trends
Last Updated: March 19, 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 169,842 residential properties sold in the Illinois real estate market over the past 12 months. As of January 2024, the median home price in IL on single-family homes is $264,000. The median single-family home value for properties over the last 12 months is $247,109. Currently, the State of Illinois has 1,360 properties in foreclosure and 306 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 3,990,619
Total Commercial Properties 335,311
Avg. Home Age (Single Family Home) 58 Years
Avg. Square Feet (Single Family Home) 1,688
Total 2024 Residential Sales (year-to-date) 10,197
% of Homes Seriously Underwater (Q1 2024) 1.49%
Total 2023 Residential Sales 159,645
% of Equity Rich Homes (Q1 2024) 31.68%
Effective 2023 Property Tax 1.85%
Total Foreclosure Filings (year-to-date) 1,360
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Illinois Real Estate Overview

There were 169,842 residential properties sold in the past year in Illinois. The median home value in Illinois is $247,109. There are a total of 3,990,619 residential properties in the IL.

Median Sales Price i
$264,000
(Jan 2024)
+7.8%
year-over-year
y-o-y
  • January '24 Jan '24 $264,000
  • December '23 Dec '23 $260,000
  • November '23 Nov '23 $260,000
  • October '23 Oct '23 $267,000
  • September '23 Sep '23 $272,000
  • August '23 Aug '23 $280,000
  • July '23 Jul '23 $280,000
  • June '23 Jun '23 $285,000
  • May '23 May '23 $267,500
  • April '23 Apr '23 $267,500
  • March '23 Mar '23 $251,000
  • February '23 Feb '23 $230,000
Median Down Payment i
$28,500
(Jan 2024)
+23.5%
year-over-year
y-o-y
  • January '24 Jan '24 $28,500
  • December '23 Dec '23 $29,500
  • November '23 Nov '23 $31,000
  • October '23 Oct '23 $30,000
  • September '23 Sep '23 $29,000
  • August '23 Aug '23 $32,500
  • July '23 Jul '23 $31,650
  • June '23 Jun '23 $33,000
  • May '23 May '23 $26,100
  • April '23 Apr '23 $27,000
  • March '23 Mar '23 $23,000
  • February '23 Feb '23 $20,750
Number of Homes Sold i
10,197
(Jan 2024)
-0.9%
year-over-year
y-o-y
  • January '24 Jan '24 10,197
  • December '23 Dec '23 12,279
  • November '23 Nov '23 11,851
  • October '23 Oct '23 14,094
  • September '23 Sep '23 14,281
  • August '23 Aug '23 16,385
  • July '23 Jul '23 13,748
  • June '23 Jun '23 17,252
  • May '23 May '23 15,041
  • April '23 Apr '23 12,570
  • March '23 Mar '23 13,164
  • February '23 Feb '23 8,691
Number of Purchase Loans i
7,791
(Jan 2024)
-1%
year-over-year
y-o-y
  • January '24 Jan '24 7,791
  • December '23 Dec '23 9,240
  • November '23 Nov '23 8,718
  • October '23 Oct '23 10,494
  • September '23 Sep '23 11,051
  • August '23 Aug '23 12,707
  • July '23 Jul '23 10,985
  • June '23 Jun '23 13,838
  • May '23 May '23 11,697
  • April '23 Apr '23 9,700
  • March '23 Mar '23 9,899
  • February '23 Feb '23 6,331
Number of REFI Loans i
5,390
(Jan 2024)
+28.9%
year-over-year
y-o-y
  • January '24 Jan '24 5,390
  • December '23 Dec '23 5,290
  • November '23 Nov '23 5,205
  • October '23 Oct '23 5,723
  • September '23 Sep '23 5,661
  • August '23 Aug '23 6,115
  • July '23 Jul '23 5,021
  • June '23 Jun '23 5,482
  • May '23 May '23 5,041
  • April '23 Apr '23 4,369
  • March '23 Mar '23 5,002
  • February '23 Feb '23 3,568
Number of HELOC Loans i
2,586
(Jan 2024)
-9.4%
year-over-year
y-o-y
  • January '24 Jan '24 2,586
  • December '23 Dec '23 2,814
  • November '23 Nov '23 3,186
  • October '23 Oct '23 3,396
  • September '23 Sep '23 3,288
  • August '23 Aug '23 3,851
  • July '23 Jul '23 3,111
  • June '23 Jun '23 3,576
  • May '23 May '23 3,641
  • April '23 Apr '23 3,197
  • March '23 Mar '23 3,144
  • February '23 Feb '23 2,392

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 1,360 Illinois properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 913 Illinois properties and repossessed 306 Illinois properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
1,360
(Jan 2024)
-34.2%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 2,268
  • February '23 Feb '23 1,853
Foreclosure Starts i
913
(Jan 2024)
-30.3%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 1,525
  • February '23 Feb '23 1,169
Completed Foreclosures (REOs) i
306
(Jan 2024)
-0.3%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 370
  • February '23 Feb '23 362
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