Illinois median home prices and home sales moved higher in October while available inventory was lower than the year before, according to data from Illinois REALTORS®. In October 2025, statewide home sales (including single-family homes and condominiums) of 11,665 homes sold was 2.6 percent more than 11,370 sold in October 2024.

The 23,273 homes available for sale statewide in October were 3.4 percent less than the 24,101 homes available in October 2024. The monthly median price of $301,000 in October 2025 was 5.6 percent more than $285,000 in October 2024. The median is a typical market price where half the homes sold for more and half sold for less.

“Illinois home sales and prices moved higher in October, signaling steady fall momentum in the housing market,” said Jeff Kolbus, president of Illinois REALTORS®, president and owner of RE/MAX Traders Unlimited in Peoria. “Even with tighter inventory, buyers are acting quickly when the right home is for sale.”

In the nine-county Chicago Metro Area, October 2025 home sales (single-family and condominiums) totaled 7,690 homes sold, up 2.0 percent from October 2024 sales of 7,542

homes. In October 2025, there were 14,879 homes for sale in the Chicago Metro Area, a 6.7 percent decrease from 15,951 homes on the market in October 2024. The median price of a home in the Chicago Metro Area of $369,000 in October 2025 was 8.5 percent greater than $340,000 in October 2024.

“The Institute for Housing Studies’ (IHS) three-month forecast projects that Illinois home sales will decline by 1.6% between October and January compared to the same period last year. While home prices are expected to follow typical seasonal patterns and soften slightly through the end of the year, they are projected to remain strong overall ending January nearly 8% higher year-over-year,” said Geoff Smith, Executive Director, Institute for Housing Studies at DePaul University in Chicago.

“Tight inventories, rising prices, and ongoing affordability challenges continue to pose headwinds for Illinois homebuyers,” Smith said.

The city of Chicago experienced a 2.2 percent year-over-year sales rise in October 2025 with 1,782 sales, up from 1,743 in October 2024. In October 2025, there were 4,233 homes for sale in the city of Chicago, a 22.2 percent decrease from 5,438 homes on the market in October 2024. The median price of a home in the city of Chicago in October 2025 was $370,000, a 7.2 percent increase from October 2024 when the median price was $345,000.

“October’s data shows that buyer demand remains strong as we move through the fall market,” said Lutalo McGee, president of the Chicago Association of REALTORS® and owner and designated managing broker of Ani Real Estate. “People want to buy homes, but low inventory remains the biggest hurdle, continuing to push median prices upward.”

Sales and price information are generated by Multiple Listing Service closed sales reported by 18 participating Illinois REALTOR® local boards and associations including Midwest Real Estate Data LLC data as of Nov. 7, 2025, for the period October 1 through October 31, 2025. The Chicago Metro Area, as defined by the U.S. Census Bureau, includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will.

Based on the Freddie Mac data, the monthly average commitment rate for a 30-year, fixed-rate mortgage was 6.25 percent in October 2025, down from 6.35 percent from the month before and down from the October 2024 average of 6.43 percent.

Find Illinois housing stats, data and the November 2025 forecast from the Institute for Housing Studies at DePaul University at http://www.illinoisrealtors.org/marketstats/.

Illinois REALTORS® is a voluntary trade association whose 48,000+ members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, Illinois REALTORS® works to protect the rights of private property owners in the state by recommending and promoting legislation to safeguard and advance the interest of real property ownership.