Illinois
Local Housing Market · Zillow ZHVI · March 2026
$285,736
Typical Home Value
▲ 4.8% YoY ▲ 0.43% MoM
6.37%
30Y Mortgage Rate
PMMS · May 07, 2026
44bps
YoY Rate Change
▼ Lower than 1yr ago
199bps
30Y/10Y Spread
Norm ~170bps
🏘 Illinois Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$285,736
▲ 4.8% YoY
Month-over-Month
▲ 0.43% MoM
March 2026
Data Period
March 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.37%
PMMS · May 07, 2026
15Y Fixed
5.72%
PMMS · May 07, 2026
1yr Ago 30Y
6.81%
▼ Rates lower now
30Y/10Y Spread
199bps
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 · April 2026
• Inventory is up 2.9% YoY and listing prices are flat 0.0% YoY with 10.8% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 38 days — a moderate-paced market. Pending ratio is 0.96 — strong buyer demand, expect competitive purchase timelines.
• New listings are declining 3.4% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$312,423
0.0% YoY
Median Days on Market
38d
0d YoY
Active Listings
17,488
▲ 2.9% YoY
New Listings
13,684
▼ 3.4% YoY
Price Reduced Share
10.8%
of active listings
Pending Ratio
0.96
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) · April 2026
Springfield
▼ COOLING
National rank #13
Median Price
$249,925
Median DOM
28d
Demand score 92/100
Peoria
▼ COOLING
National rank #23
Median Price
$181,150
Median DOM
36d
Demand score 90/100
Bloomington
▼ COOLING
National rank #28
Median Price
$349,975
Median DOM
36d
Demand score 89/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply