Illinois started 2025 with a total of 12,185 single-family homes on the market, with a median home price of $280,000 and an average price per square foot of $177.44. By the end of the year, inventory had increased to 13,489 homes on the market (+11%), with a median home price of $277,654 (-1%), and an average price per square foot of $174 (-2%).
At the start of 2025, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 70 days.
Illinois started the year with 32.16% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 34.32% of homes for sale had taken a price cut.
Market Update for June 8, 2026
