I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Illinois
💡 Key Illinois housing market facts
| Data Point | Value | Rank | Compared to National Avg |
| Typical Home Value | $251,267[1] | #36 of 50 states | 29.1% lower |
| Median Listing Price | $316,900[2] | #37 of 50 states | 27.6% lower |
| Median Sale Price | $260,700[3] | #39 of 50 states | 33.1% lower |
| 30 Year Mortgage Rate | 6.91%[4] | #9 of 50 states | 0.9% lower |
| Median Days on Market | 37[5] | #4 of 50 states | 25.9% shorter |
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🗺️ Buying a house in the Illinois real estate market
Illinois has an affordability score of 3.8, meaning it takes 3.8 years of the median household income ($68,428) to afford Illinois' median home sale price ($260,700). Because of this, we rank Illinois as the 2nd most affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to National Avg |
| Median Sale Price | $260,700[6] | #39 of 50 states | 33.1% lower |
| 30 Year Mortgage Rate | 6.91%[7] | #9 of 50 states | 0.9% lower |
| Median Household Income | $68,428[8] | #17 of 50 states | 6% higher |
| Affordability Ratio | 3.8 | #2 of 50 states | 36.3% lower |
| Buyers Agent Commission | 2.60%[9] | #20 of 50 states | 2.8% lower |
Resources for Illinois home buyers
Preparing to buy in Illinois
Illinois home buying costs
🗺️ Selling a house in the Illinois real estate market
According to our detailed survey of Illinois real estate agents, listing agents (those representing the seller) charge an average commission in Illinois of 2.75%, which is the 13th lowest in the United States. Buyers' agents charge an average commission of 2.6%, which is the 20th lowest in the United States.
| Data Point | Value | Rank | Compared to National Avg |
| Median Listing Price | $316,900[10] | #37 of 50 states | 27.6% lower |
| Median Sale Price | $260,700[11] | #39 of 50 states | 33.1% lower |
| Median Days on Market | 37[12] | #4 of 50 states | 25.9% shorter |
| Buyer's Agent Commission | 2.60%[13] | #20 of 50 states | 2.8% lower |
| Listing Agent Commission | 2.75%[14] | #13 of 50 states | 3.7% lower |
Resources for Illinois home sellers
Preparing to sell in Illinois
- Selling a House in Illinois: Everything You Need to Know
- Average Time to Sell a House in Illinois
- When Is the Best Time to Sell a House in Illinois?
- Top Real Estate Agents in Illinois
Illinois home selling costs and requirements
Moving to Illinois
According to our recent moving trends survey[15], 7% of Americans indicated that they would choose to move to Illinois if money were no object. Likewise, 13% of survey respondents indicated that they would move to Chicago among a choice of America's largest cities.
Here's how Illinois cities rank in a number of our research studies.
| Study | Best Illinois city | Rank |
| Best Pizza Cities[16] | Chicago | 14th best |
| Best Coffee Cities[17] | Chicago | 29th best |
| Best LGBTQ Cities[18] | Chicago | 9th best |
| Best Bike Cities[19] | Chicago | 20th best |
| Best Commuter Cities[20] | Chicago | 49th best |