Illinois
Local Housing Market · Zillow ZHVI · September 2026
$295,943
Typical Home Value
▲ 5.3% YoY ▲ 0.50% MoM
7.40%
30Y Mortgage Rate
PMMS · Oct 15, 2026
121bps
YoY Rate Change
▲ Higher than 1yr ago
230bps
30Y/10Y Spread
Norm ~170bps
🏘 Illinois Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$295,943
▲ 5.3% YoY
Month-over-Month
▲ 0.50% MoM
September 2026
Data Period
September 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
7.40%
PMMS · Oct 15, 2026
15Y Fixed
6.71%
PMMS · Oct 15, 2026
1yr Ago 30Y
6.19%
▲ Rates higher now
30Y/10Y Spread
230bps
Normal · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · Illinois
Market Indicators
REALTOR.COM🏦 LO Market Signal · September 2026
• Inventory is up 0.2% YoY and listing prices are rising 2.7% YoY with 16.9% of listings carrying a price cut. Rising prices support valuations, but verify comps carefully in fast-moving segments.
• Homes are selling in a median 39 days — a moderate-paced market. Pending ratio is 0.65 — strong buyer demand, expect competitive purchase timelines.
• New listings are declining 4.8% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$324,950
▲ 2.7% YoY
Median Days on Market
39d
0d YoY
Active Listings
22,584
▲ 0.2% YoY
New Listings
12,438
▼ 4.8% YoY
Price Reduced Share
16.9%
of active listings
Pending Ratio
0.65
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in Illinois
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · September 2026
Rockford
STABLE
National rank #1
Median Price
$269,900
Median DOM
33d
Demand score 98/100
Peoria
▼ COOLING
National rank #10
Median Price
$184,900
Median DOM
37d
Demand score 95/100
Springfield
▼ COOLING
National rank #21
Median Price
$209,950
Median DOM
36d
Demand score 85/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply