Provisional grade — derived from this report's measured data points; the county detector suite has not measured this geography yet. The measured ARED Score replaces it on the suite's next run.
Illinois
Illinois maintains a resilient and stable residential housing market characterized by steady single-digit year-over-year price appreciation (+4.3%) and healthy transaction volume. Tight supply conditions, with around 3 months of inventory and homes clearing near 99% of list price, continue to support home values despite elevated borrowing costs and high localized property tax burdens.
Median prices moved up 8.7% year over year.
Homes spend a median of 55 days on market with 0.4 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 12.78% of asking — demand is holding steady.
1 foreclosure-ledger notice — 0.0 per 10,000 residents · unemployment 4.6% · poverty 11.9% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this state — never individual records, and never an attribute of any individual property or resident. Federal enforcement activity is presented only at the state tier as regional context — never imputed onto any county, city, ZIP, neighborhood or parcel beneath it.
Deterministic aggregate of 102 researched counties — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Illinois — researched statewide history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
The amenity base that shapes daily life and property demand in this state — what residents actually live with, and what the pipeline is adding.
A world-renowned 24.5-acre civic park featuring Cloud Gate, the Jay Pritzker Pavilion, and miles of contiguous Lake Michigan shoreline trails, serving as Chicago's signature gathering space.
Located along the Illinois River in LaSalle County, featuring 18 sandstone canyons, seasonal waterfalls, and forested bluffs attracting millions of outdoor visitors annually.
Houses one of the world's finest collections of Impressionist and Post-Impressionist art, alongside the Field Museum, Shedd Aquarium, and Adler Planetarium.
One of the most iconic and preserved historic sports venues in North America, anchoring a bustling neighborhood entertainment corridor on Chicago's North Side.
Spans over 280,000 acres across southern Illinois, boasting unique geologic formations such as the Garden of the Gods and extensive backcountry recreation.
Violent crime rates across Illinois sit moderately higher than the national median, primarily driven by dense urban pockets within the Chicago metropolitan area, while suburban and rural downstate counties report rates well below national figures. Property crime has exhibited a multi-year moderating trend statewide, aligning with broader Midwestern patterns.
Illinois features significant educational variation, hosting some of the nation's premier suburban high school districts—particularly in Cook, Lake, and DuPage counties—alongside well-regarded Chicago magnet and selective-enrollment campuses. Downstate and rural districts generally show solid graduation rates but face tighter local property-tax-backed operating budgets.
The state carries relatively low exposure to extreme hurricane and wildfire hazards, but riverine and urban flash flooding remain notable vulnerabilities along the Mississippi, Illinois, and Des Plaines river corridors. Severe convective storms, damaging wind gusts, and winter freeze events represent the primary property-casualty risks influencing residential insurance claims.
Economic and development momentum is anchored by the Chicago metropolitan area's global finance, corporate services, transportation, and logistics nodes, alongside rising semiconductor, electric-vehicle, and data-center investments along the I-80, I-88, and I-55 corridors. Central Illinois maintains specialized strength around state government, healthcare, and higher education anchored by the University of Illinois system.
Illinois levies a flat state personal income tax rate of 4.95%, but residential real estate experiences some of the nation's highest effective local property tax rates, frequently averaging between 2.0% and 2.5% of market value. Property taxes are administered at the county level by local township assessors and county boards of review, funding independent school districts, park districts, sanitary districts, and municipal services, offset by standard general homestead and senior exemptions.
Illinois boasts a gross state product exceeding $1 trillion, making it the fifth-largest state economy in the United States. Its diversified economic profile is anchored by advanced manufacturing, corporate management headquarters, agricultural commodities, logistics and warehousing, and Chicago's global financial exchanges.
Illinois forms the ultimate national rail and freight nexus, intersected by six Class I railroads alongside major interstate highway corridors including I-80, I-55, I-90, and I-57. The Chicago Transit Authority (CTA) and Metra commuter rail serve dense northeastern metropolitan transit ridership, while Amtrak passenger lines radiate downstate from Chicago Union Station.
Urban redevelopment continues along Chicago's riverfront and former rail yards alongside sprawling industrial logistics warehouse construction spanning the I-80 and I-55 corridors. Downstate municipal planning balances agricultural preservation with targeted green-energy manufacturing corridors and data center campuses.
Illinois properties are subject to a high density of overlapping taxing authorities, including elementary and high school districts, park districts, fire protection districts, public library districts, community college districts, and sanitary or water reclamation districts that collectively compose the local property tax levy.
The Illinois property insurance marketplace remains generally stable compared to coastal states, though homeowners have seen steady premium increases driven by severe convective storms, hail damage, inflation in construction replacement costs, and broader Midwest reinsurance market tightness.
Illinois has experienced chronic net domestic out-migration over recent census and IRS vintages, primarily toward lower-tax Sunbelt destinations, though international immigration and natural population gains partially counterbalance the outflow.
Illinois is strictly a judicial foreclosure state governed under the Illinois Mortgage Foreclosure Law (735 ILCS 5/15). Foreclosures must proceed through court actions requiring formal summons and judgment, with statutory reinstatement periods and an owner redemption period typically lasting up to seven months from service or three months from judgment.
Under the Illinois Residential Real Property Disclosure Act (765 ILCS 77), sellers of residential property up to four units must furnish a signed standard disclosure document covering known material defects regarding environmental conditions, structural elements, plumbing, heating, and water infiltration prior to contract execution.
Data retrieved from U.S. Census Bureau ACS tables B01003, B01002, B25003, B03002, B25077, B25064, B19013, B25034, B25002, B25070, B25091, B08024, B08013, B15003, B23025, and B17001.
Illinois maintains a resilient and stable residential housing market characterized by steady single-digit year-over-year price appreciation (+4.3%) and healthy transaction volume. Tight supply conditions, with around 3 months of inventory and homes clearing near 99% of list price, continue to support home values despite elevated borrowing costs and high localized property tax burdens.