IAR Fast Stats presented by the Illinois Association of REALTORS

Snapshot: Illinois Home Sales

Illinois median home prices increase 6.1 percent in August; Home sales down amid tight inventory

Infographic: Illinois Housing Market Forecast


(Sept. 22, 2014) -- Illinois median home prices continued to see robust annual gains in August while tighter housing inventory and credit availability slowed sales in the final month of the summer selling season, according to the Illinois Association of REALTORS®. Read the news release.

NEW: REAL study on the hidden cost of foreclosures in Chicago neighborhoods

Infographic: Illinois Housing Market Forecast
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Infographic: July Illinois Housing Market Snapshot
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Infographic: Home Sales and Prices Up This June
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Infographic: Illinois Housing Market April 2014
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Sales -10.4%
Click here for report |
(En Español)


Housing Price Forecast

“Modest increases in median prices are anticipated to continue. Analysis reveals the decrease (on an annual basis) in sales can be attributed to the decline in foreclosure sales; regular sales are almost at last year's level,” said Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois.  “A re-estimate of the foreclosure inventory suggests it will be another 12-15 months before this inventory returns to pre-recession levels.”

Chicago PMSA
Sales -13.3%
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(En Español)

City of Chicago
Sales -15.3%
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(En Español)

Contact: Jon Broadbooks, Director of Communications
217-529-2600 phone | jbroadbooks@iar.org


Looking for trends and data on Illinois homebuyers?

Find demographic data at www.whyibuy.org

  • 84% utilized the services of a REALTOR® for their most recent purchase.
  • 77% were married.
  • 17% were first-time homebuyers.
  • 67% stayed within their previous county.

WhyIBuy is a project of the Illinois Association of REALTORS® that aims to better understand the opinions and motivations of homebuyers across the state. Learn more. (Data is updated as of August 2013 and is collected throughs urveys.) 


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