A total of 11,308 single-family homes and condominiums were sold in Illinois during April, which marked a 3.4% drop from the 11,705 homes sold one year earlier.
According to data from Illinois Realtors, the dip in home sales was seesawed by a rise in inventory – the quantity of available homes was up by 4.2% year-over-year to 17,819 properties. Also on the rise was the median sales price – $310,000, a 6.2% upswing.
For the nine-county Chicago metro area, a total of 7,857 homes were sold last month, down 4.2% from April 2024, while 11,791 homes were available for purchase, a 3.6% increase over the same period. The median sales price rose 5.7% from last year to $370,000.
“Illinois’ housing market in April reflected a measured pace, with home sales softening slightly compared to last year, down 3.4% statewide, while prices continued their upward climb,” said Illinois Realtors 2025 President Tommy Choi said. “Buyers are adjusting to elevated interest rates by focusing on value and long-term stability, and motivated sellers are meeting the moment by pricing strategically. With inventory rising modestly and days on market inching up, we are entering a more balanced spring season where preparation and pricing matter more than ever.”
Photo by formulanone / Wikimedia Commons
