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Illinois home prices up by 15%, on-the-market supply is down
Illinois Realtors
SPRINGFIELD The spring selling season was in full swing in March, with buyers driving home sales and median prices higher even as available inventory fell lower, according to data released by Illinois REALTORS.
Statewide home sales (including single-family homes and condominiums) in March 2021 totaled 14,900 homes sold, up 20.2 percent from 12,392 in March 2020.
The statewide median price in March was $249,000, up 15.3 percent from $216,000 in March 2020. The median is a typical market price where half the homes sold for more and half sold for less.
“When March roared in, Illinois homebuyers rushed out and grabbed up homes at a brisk pace,” said Sue Miller, president of Illinois REALTORS® and designated managing broker of Coldwell Banker Real Estate Group in McHenry. And with buyers still racing to snare one of the limited number of available properties, now is one of the best times ever t
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