Illinois residential real estate highlights, home prices, and rental data from Zillow:
Illinois median listing prices and median price-per-square-foot for all home types:
- All homes: $179,900 at $121/SF.
- Single-family residential homes: $179,900 at $120/SF
- Condos: $176,900 at $130/SF
- Duplex and Triplex units: $154,900
- 2-Bedroom homes: $134,800 at $105/SF
- 3-Bedroom homes: $169,900 at $107/SF
- 4-Bedroom homes: $287,995 at $120/SF
- 5+ Bedroom homes: $319,000 at $134/SF
Illinois median rental prices and median rental price-per-square-foot:
- All homes: $1,562 at $1.23/SF
- Single-family residential: $1,549 at $1.15/SF
- Condos: $1,600 at $1.4/SF
- Duplex and Triplex units: $1,600
- Multi-family residential: $1,600
- 1-Bedroom homes: $1,585 at $2.28/SF
- 2-Bedroom homes: $1,590 at $1.53/SF
- 3-Bedroom homes: $1,695 at $1.25/SF
- 4-Bedroom homes: $1,950 at $1.04/SF
Illinois median sales prices and price-per-square-foot:
- All homes: $178,875 at $129/SF
- Single-family residential: $129/SF
- Condos: $128/SF
Illinois homes sold for a gain or loss:
- 68.3% of all homes sold above the previous home price
- 31.7% of all homes sold below the previous home price
- 11.5% of all listings had a price reduction this month with a median price cut of 4.0% (approximately $6,000)
- 11.7% of all single-family residential home listings had a price reduction this month with a median price cut of 4.0% (approximately $6,000)
- 10.8% of all condo listings had a price reduction this month with a median price cut of 4.1% (approximately $6,000)
4.3% of all homes in Illinois sold in the past 12 months.
The ZHVI (Zillow Home Value Index) rose by 1.4% over the past year, to $157,500.
Note: If any of the data is currently undisclosed, that is because the local jurisdictions currently do not share that data.
Discover more Illinois real estate news here, or check out additional Zillow data and Chicago Zillow information.
