Illinois
Local Housing Market · Zillow ZHVI · July 2026
$299,900
Typical Home Value
▲ 5.1% YoY ▲ 0.39% MoM
6.65%
30Y Mortgage Rate
PMMS · Aug 20, 2026
9bps
YoY Rate Change
▲ Higher than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Illinois Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$299,900
▲ 5.1% YoY
Month-over-Month
▲ 0.39% MoM
July 2026
Data Period
July 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.65%
PMMS · Aug 20, 2026
15Y Fixed
5.95%
PMMS · Aug 20, 2026
1yr Ago 30Y
6.56%
▲ Rates higher now
30Y/10Y Spread
195bps
Tight · 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 · July 2026
• Inventory is down 1.6% YoY and listing prices are rising 1.2% YoY with 14.2% of listings carrying a price cut. Rising prices support valuations, but verify comps carefully in fast-moving segments.
• Homes are selling in a median 37 days — a moderate-paced market. Pending ratio is 0.81 — strong buyer demand, expect competitive purchase timelines.
• New listings are declining 3.9% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$327,000
▲ 1.2% YoY
Median Days on Market
37d
0d YoY
Active Listings
20,504
▼ 1.6% YoY
New Listings
13,790
▼ 3.9% YoY
Price Reduced Share
14.2%
of active listings
Pending Ratio
0.81
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) · July 2026
Rockford
STABLE
National rank #2
Median Price
$268,500
Median DOM
31d
Demand score 97/100
Peoria
▼ COOLING
National rank #14
Median Price
$183,500
Median DOM
36d
Demand score 94/100
Bloomington
▼ COOLING
National rank #16
Median Price
$296,750
Median DOM
33d
Demand score 89/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply