Market data · Auto-updated
Illinois housing market
The median Illinois home was listed at $324,950 in September 2026, up 2.7% from a year earlier — about $187 per square foot. Homes spent a median of 39 days on the market, shorter than a year ago.
Supply & demand
Illinois had 22,584 active listings in September 2026, up 0.2% year over year, with 12,438 new listings entering the market that month. Days on market fell 2.5% from a year ago, and asking prices are running above last year’s level.
What the data says
Taken together, Illinois looks like a seller-leaning market this month. Firm prices, leaner inventory, and quicker sales keep sellers in the stronger position — well-priced homes still move.
- For buyers: Move quickly and come strong on well-priced listings; get fully pre-approved before you tour so you can act the day the right home appears.
- For sellers: Well-prepared, correctly priced homes are still selling fast — but overpricing into a firm market still triggers price cuts, so anchor to recent comps.
Financing backdrop
Nationally, the 30-year fixed averaged 7.28% and the 15-year 6.60% (Freddie Mac PMMS, October 2026). Rates apply nationwide, but they land differently on Illinois’s $325K median: a higher local price magnifies every quarter-point move, which is why monthly payment — not sticker price — is the number that decides most Illinois deals.
Every figure above is a current value from FRED (Federal Reserve Economic Data), sourced from Realtor.com residential-listing data and the Freddie Mac Primary Mortgage Market Survey, as of September 2026. This report is generated from that data and refreshed automatically; it is an educational market summary, not financial, legal, or real estate advice.
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This report is generated automatically from live public data and refreshes with each update.