Across 56 measured ZIP markets in Illinois, the median ZIP home value is $340,167 and the median ZIP rent is $1,883. 32.1% of measured ZIP markets show softer conditions. 57.1% of measured ZIP markets show rising price-cut pressure.
Key stats
- 32.1% of measured ZIP markets show softer conditions.
- 57.1% of measured ZIP markets show rising price-cut pressure.
- The middle ZIP home value is -47.9% versus the tracked-market benchmark.
- Month over month, the median ZIP market moved 0.0% on inventory and -3.4% on buyer competition.
- The middle ZIP rent is -22.6% versus the tracked-market benchmark.
- Measured ZIP markets
- 56
- Median ZIP home value
- $340,167
- Median ZIP rent
- $1,883
- Median buyer competition
- 64
Price and rent across local markets
The middle ZIP home value is -47.9% versus the tracked-market benchmark. The middle ZIP rent is -22.6% versus the tracked-market benchmark. The middle half of tracked ZIP home values runs from $262,996 to $396,138. The middle half of tracked ZIP rents runs from $1,674 to $2,437. Buyer competition across local ZIP markets runs from 56 at the 25th percentile to 68 at the 75th.
How broadly conditions are changing
32.1% of measured ZIP markets show softer conditions. 57.1% of measured ZIP markets show rising price-cut pressure. 7.1% of measured ZIP markets show a recent inventory spike. Month over month, the median ZIP market moved 0.0% on inventory and -3.4% on buyer competition. 5.4% of measured ZIP markets show accelerating new-listing supply. 8.9% of measured ZIP markets show accelerating pending demand. The share of softening ZIP markets here is +1.0% versus the tracked-market benchmark.
Continue your market research
- Cook County County marketContinue from the regional view to a more specific local market.
Sources and method
- HomeMarketCap.com data sources: local housing-market datasets
- HomeMarketCap.com methodology: regional aggregation rules