In April 2026, statewide home sales (including single-family homes and condominiums) of 11,413 homes sold was 0.4 percent less than 11,454 sold in April 2025. NOTE: One Illinois MLS continues to work through a data feed transition, which may contribute to a minor variance in statewide year-over-year figures.
The 18,683 homes available for sale statewide in April were 5.1 percent less than the 19,686 homes available in April 2025. The monthly median price of $326,000 in April 2026 was 5.2 percent more than $310,000 in April 2025. The median is a typical market price where half the homes sold for more and half sold for less.
“April home sales remained relatively steady across Illinois, while median home prices continued to rise, reflecting ongoing demand in a market still challenged by limited inventory,” said Jeff Kolbus, president of Illinois REALTORS®, president and owner of RE/MAX Traders Unlimited in Peoria. “As buyers adjusted to current market conditions, seasonal activity also picked up from March, signaling continued market engagement across the state.”
In the nine-county Chicago Metro Area, April 2026 home sales (single-family and condominiums) totaled 7,969 homes sold, down 0.2 percent from April 2025 sales of 7,987 homes. In April 2026, there were 11,737 homes for sale in the Chicago Metro Area, a 10.6 percent decrease from 13,131 homes on the market in April 2025. The median price of a home in the Chicago Metro Area of $390,000 in April 2026 was 5.4 percent greater than $370,000 in April 2025.
“The Institute for Housing Studies’(IHS) three-month forecast projects that closed sales activity in Illinois during May, June, and July will be approximately 2 percent higher than during the same period last year. Home prices in July are expected to be nearly 6 percent higher than a year earlier,” said Geoff Smith, Executive Director, Institute for Housing Studies at DePaul University in Chicago.
“Continued tight inventories, fluctuating mortgage rates, affordability challenges, and broader economic uncertainty such as labor market and consumer confidence concerns are likely to constrain homebuying activity in the near term.”
The city of Chicago experienced a 1.8 percent year-over-year decrease in sales in April 2026 with 2,104 sales, down from 2,143 in April 2025. In April 2026, there were 3,271 homes for sale in the city of Chicago, a 28.3 percent decrease from 4,559 homes on the market in April 2025. The median price of a home in the city of Chicago in April 2026 was $411,000, a 4.1 percent increase from April 2025 when the median price was $395,000.
“April’s market data shows that buyer demand continues to outpace available inventory, with fewer homes for sale and properties spending fewer days on the market,” said Lutalo McGee, president of the Chicago Association of REALTORS® and owner and designated managing broker of Ani Real Estate. “For buyers or sellers who want to get into the market, now is the time to connect with a REALTOR® and make a plan.”
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 May 7, 2026, for the period April 1 through April 30, 2026. 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 6.3 percent in April 2026, up from 6.2 percent from the month before and down from the April 2025 average of 6.7 percent.
Find Illinois housing stats, data and the April 2026 forecast from the Institute for Housing Studies at DePaul University at www.illinoisrealtors.org/marketstats/.
