Illinois recorded 9,950 homes sales in November, up 2.8% from the 9,681 sold one year earlier. According to data from Illinois Realtors, the 20,863 homes available for sale statewide last month represented a 2.3% increase from the 20,401 available homes in November 2023.
November’s monthly median price of $285,024 was 7.5% higher than the $265,000 price from the prior year.
In the nine-county Chicago Metro Area, November’s home sales totaled 6,548 homes sold, a 2.9% increase from the 6,365 sales one year before, while the median price of a home in the Chicago Metro Area was $347,500, up 7.8% from the $322,250 in November 2023.
“The Illinois housing market in November 2024 demonstrated robust resilience and continued growth across the board,” said Tommy Choi, Illinois Realtors 2025 president and co-founder and owner of Weinberg Choi Residential at Keller Williams ONEChicago. “These figures highlight the diverse strength of Illinois’ housing market – from the vibrancy of urban areas to the steady appreciation seen across the state. While inventory levels remain a challenge, the consistent upward trajectory of home values reaffirms real estate as a key driver of financial security and community stability. As we close out 2024, these trends set a hopeful tone for what lies ahead in Illinois housing.”
Photo by formulanone / Wikimedia Commons
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