2026 Market Report & Data · Data through July 2026 · Source: Redfin
$339K
Median Price
50
Days on Market
3.0
Months Supply
+7.5%
YoY Change
Balanced Market
Market Type
106
cities with 6+ months supply
268
cities with 3-6 months supply
453
cities with <3 months supply
Ranked by lowest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Cable | $6K | 274d |
| 2. Altona | $7K | 15d |
| 3. Palmer | $8K | 72d |
| 4. Bush | $11K | 19d |
| 5. Washington Park | $12K | 188d |
| 6. Dallas City | $13K | 5d |
| 7. Bonnie | $14K | 29d |
| 8. Wenona | $14K | 30d |
| 9. Bryant | $15K | 116d |
| 10. Colp | $15K | 29d |
Ranked by highest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Kenilworth | $2.34M | 55d |
| 2. Glencoe | $2.14M | 40d |
| 3. Winnetka | $2.00M | 36d |
| 4. Golf | $1.77M | 6d |
| 5. Barrington Hills | $1.55M | 54d |
| 6. Hinsdale | $1.55M | 45d |
| 7. Lake Forest | $1.40M | 50d |
| 8. Wilmette | $1.30M | 33d |
| 9. Oak Brook | $1.24M | 60d |
| 10. Riverwoods | $1.20M | 34d |
106 cities have more than 6 months of inventory — buyers can negotiate.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Nauvoo | 35.1 mo | $292K | 11d |
| 2. Dallas City | 31.9 mo | $13K | 5d |
| 3. Washington Park | 30.3 mo | $12K | 188d |
| 4. Ford Heights | 28.7 mo | $44K | 337d |
| 5. Cordova | 22.4 mo | $115K | 7d |
| 6. New Athens | 22.4 mo | $200K | 45d |
| 7. Rockdale | 22.4 mo | $224K | 49d |
| 8. Benld | 19.2 mo | $112K | 32d |
| 9. Cambria | 17.6 mo | $197K | 144d |
| 10. Forrest | 16.0 mo | $140K | 49d |
453 cities have less than 3 months of inventory — sellers have the advantage.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Westville | 0.3 mo | $112K | 38d |
| 2. Edinburg | 0.4 mo | $125K | 24d |
| 3. Lake Petersburg | 0.4 mo | $315K | 50d |
| 4. Mount Pulaski | 0.4 mo | $150K | 22d |
| 5. Southern View | 0.4 mo | $150K | 3d |
| 6. Auburn | 0.5 mo | $198K | 8d |
| 7. Hamel | 0.6 mo | $310K | 45d |
| 8. Lily Lake | 0.6 mo | $582K | 58d |
| 9. Port Byron | 0.6 mo | $385K | 6d |
| 10. Vienna | 0.6 mo | $168K | 90d |
Cities where homes sell fastest, ranked by lowest median days on market.
| City | Days on Market | Median Price |
|---|---|---|
| 1. Carlock | 1d | $325K |
| 2. Panola | 1d | $200K |
| 3. White Heath | 1d | $245K |
| 4. Argenta | 2d | $197K |
| 5. Edgington | 2d | $80K |
| 6. Hooppole | 2d | $95K |
| 7. Joslin | 2d | $260K |
| 8. Mechanicsburg | 2d | $162K |
| 9. Morrisonville | 2d | $115K |
| 10. Pleasant Plains | 2d | $215K |
Cities with the largest year-over-year price gains. Appreciation can signal momentum, but also affordability pressure.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Highwood | +95.1% | $707K |
| 2. Oak Run | +85.3% | $519K |
| 3. Freeport | +71.6% | $129K |
| 4. Madison | +66.6% | $100K |
| 5. Dwight | +64.2% | $230K |
| 6. Stone Park | +63.4% | $327K |
| 7. Farmington | +61.9% | $179K |
| 8. Prospect Heights | +56.3% | $430K |
| 9. Chenoa | +47.2% | $180K |
| 10. Twin Grove | +46.1% | $402K |
Cities with year-over-year price declines. These can be buying opportunities — or signals of softening demand.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Herrin | -41.9% | $96K |
| 2. Caseyville | -41.5% | $154K |
| 3. Robbins | -41.1% | $53K |
| 4. Lake Petersburg | -38.3% | $315K |
| 5. Richmond | -35.2% | $200K |
| 6. Abingdon | -34.0% | $87K |
| 7. Girard | -32.1% | $90K |
| 8. Coal Valley | -32.1% | $192K |
| 9. Maple Park | -31.3% | $276K |
| 10. Northfield | -30.7% | $740K |
The Illinois housing market currently shows balanced market conditions, with a median sale price of $339K and 3.0 months of inventory supply. Homes in Illinois typically sell in 50 days.
Whether you're buying or selling in Illinois, working with a local real estate agent who understands these market dynamics can help you achieve the best outcome. Our network of verified agents across Illinois provides expert guidance tailored to your specific city and neighborhood.
Illinois is currently classified as a balanced market based on months of supply data. The market is relatively balanced, offering fair conditions for both buyers and sellers. Market conditions vary by city, so check local data for your specific area.
The median home price in Illinois is approximately $339K as of July 2026. Prices range significantly across the state, with Kenilworth among the most expensive areas and Cable offering more affordable options. Work with a local real estate agent for the most current pricing in your target neighborhoods.
Selling timelines in Illinois vary by city and market conditions. The fastest-selling markets include Carlock with a median of 1 days on market. Factors like pricing strategy, home condition, location, and seasonality all affect how quickly a home sells. A skilled listing agent can help price and market your home for a faster sale.
Whether to buy in Illinois depends on your personal finances, timeline, and target market. Balanced conditions offer a fair environment for well-prepared buyers. Consider factors like mortgage rates, your job stability, how long you plan to stay, and local price trends. Consult with a local real estate agent who can advise on specific neighborhoods.
Start by researching agents with proven experience in your target Illinois market. Look for agents with strong local transaction history, positive client reviews, and expertise in your price range. Interview at least 2-3 agents before choosing. Ask about their recent sales, marketing strategy, and communication style. Our directory features verified agents across Illinois to help you find the right match.
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