Northern Illinois Area Market Report Apr-23
 Source: Midwest Real Estate Data LLC 

Midwest Real Estate Data LLC  reports median single-family home price up 5.1% in Apr-23 over Mar-23, sales fall to 5,567.

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Apr-23 Quick Facts:

  • The median price of existing single-family homes increased to $310,000 up 5.1% vs Mar-23.
  • Existing single-family home sales decreased -2.4% from Mar-23 for a Apr-23 total of 5,567 sold units.
  • Condos increased in price to $262,000 up 3.7% vs Mar-23.
  • Existing condo sales decreased -4.6% in Apr-23 over Mar-23 for a total of 2,896 sold units.

Single Family Median Home Price
Apr-22 vs Apr-23
Clarus MarketMetrics®
5/31/2023

The Number of Sold Properties by Month
Apr-22 vs Apr-23
Clarus MarketMetrics®
5/31/2023

Apr-23 Midwest Real Estate Data LLC  Regional Sales and Price Activity

Midwest Real Estate Data LLC  Median Price Percent Change in Price from Prior Month Percent Change in Price from Prior Year Total # Units Percent Change in Sales from Prior Month Percent Change in Sales from Prior Year
  Apr-23 Mar-23 Apr-22 Apr-23 Mar-23 Apr-22
MLS Wide            
MRED (Single Family) $310,000 5.1% -3.1% 5,567 -2.4% -27.5%
MRED (Condo) $262,000 3.7% 1.7% 2,896 -4.6% -36.4%
             
MRED Region Cities            
Single Family Only            
Addison $326,000 -9.4% 4.5% 16 6.7% -51.5%
Algonquin $349,900 -16.2% -15.0% 19 0.0% -54.8%
Antioch $319,000 2.9% 2.9% 27 8.0% 58.8%
Arlington Heights $495,000 12.8% 2.7% 46 -28.1% -41.0%
Aurora $320,000 21.7% 1.6% 70 -13.6% -32.7%
Barrington $622,500 13.8% 2.9% 22 0.0% -55.1%
Bartlett $400,000 -5.4% 4.6% 25 38.9% -43.2%
Batavia $430,000 7.5% 6.2% 18 20.0% -30.8%
Bellwood $230,000 2.2% -6.1% 22 46.7% 0.0%
Belvidere $245,000 28.1% 10.1% 16 60.0% -20.0%
Berwyn $320,000 12.5% 7.1% 33 26.9% -21.4%
Bolingbrook $330,000 3.9% 0.0% 39 -25.0% -13.3%
Bourbonnais $232,500 -1.1% -6.3% 14 40.0% -17.6%
Buffalo Grove $476,000 11.9% 10.7% 19 11.8% -59.6%
Burbank $278,750 4.6% 3.2% 18 -10.0% -18.2%
Calumet City $151,500 -0.8% -10.9% 36 38.5% 16.1%
Carol Stream $335,000 -4.7% -4.3% 11 -54.2% -59.3%
Carpentersville $239,600 1.1% -1.4% 25 19.0% -30.6%
Cary $336,000 1.2% -4.7% 19 11.8% 18.8%
Chicago $295,000 1.7% -14.7% 723 -9.5% -29.4%
Chicago Heights $183,250 7.8% 20.2% 22 -33.3% -21.4%
Cicero $197,000 -22.3% -24.2% 16 33.3% -40.7%
Country Club Hills $208,000 2.7% -0.9% 17 21.4% -15.0%
Crystal Lake $405,000 30.6% 13.7% 26 -48.0% -44.7%
Dekalb $236,000 10.4% 1.6% 21 16.7% -38.2%
Des Plaines $352,512 0.1% 2.2% 28 -34.9% -20.0%
Dolton $144,250 -4.2% -4.5% 32 14.3% -5.9%
Downers Grove $450,000 4.7% -5.7% 62 40.9% -3.1%
Elgin $302,450 -0.5% -4.1% 58 -24.7% -37.0%
Elmhurst $439,500 -8.6% -24.9% 42 23.5% -40.8%
Evanston $621,500 6.1% -9.3% 34 9.7% -19.0%
Evergreen Park $265,000 9.1% -7.0% 21 16.7% -8.7%
Frankfort $490,000 12.7% -10.9% 15 -34.8% -21.1%
Geneva $475,000 3.3% 9.2% 28 12.0% -20.0%
Glen Ellyn $476,000 0.4% -5.6% 34 -5.6% 3.0%
Glendale Heights $305,000 -0.7% -3.2% 9 50.0% -55.0%
Glenview $670,000 -6.3% -8.0% 37 19.4% -19.6%
Grayslake $352,500 2.8% 19.9% 23 -8.0% -45.2%
Gurnee $388,500 8.7% 4.7% 28 -6.7% -34.9%
Hanover Park $340,000 14.8% 7.9% 17 21.4% -5.6%
Harvey $134,000 66.5% 9.4% 13 8.3% 30.0%
Hazel Crest $171,900 -22.9% 18.6% 9 -30.8% -35.7%
Highland Park $649,500 2.0% -5.9% 23 27.8% -51.1%
Hinsdale $761,250 -4.2% -23.9% 18 5.9% -37.9%
Hoffman Estates $405,000 8.9% 3.6% 19 -13.6% -48.6%
Homewood $275,000 32.2% 6.4% 23 35.3% -11.5%
Huntley $330,000 -4.3% -2.9% 21 -36.4% -27.6%
Joliet $225,000 -2.2% 4.2% 72 -22.6% -32.7%
Kankakee $147,750 13.7% 28.0% 30 -30.2% -6.3%
Lake Forest $949,000 11.8% -18.2% 25 47.1% -39.0%
Lake In The Hills $332,500 -11.3% -0.9% 14 -33.3% -51.7%
Lake Villa $339,900 12.0% 10.5% 9 -59.1% -73.5%
Lake Zurich $392,450 7.4% 6.1% 22 57.1% -37.1%
Lansing $199,000 -9.5% -5.2% 23 27.8% -47.7%
Libertyville $550,000 16.8% 0.0% 29 0.0% -35.6%
Lockport $327,450 12.9% 7.9% 26 23.8% -13.3%
Lombard $320,000 -9.3% -6.2% 35 -12.5% -20.5%
Markham $121,650 -4.1% -1.9% 10 -23.1% -33.3%
Matteson $250,000 11.1% -10.7% 17 -19.0% -10.5%
Maywood $223,100 50.1% 1.6% 12 -25.0% -40.0%
Montgomery $260,000 -7.8% -11.1% 17 -29.2% -39.3%
Morris $267,250 6.9% 0.7% 18 38.5% -10.0%
Morton Grove $405,000 1.3% -6.9% 19 35.7% -29.6%
Mount Prospect $415,000 -4.6% -5.2% 35 52.2% -16.7%
Mundelein $401,825 6.3% 18.2% 22 -15.4% -26.7%
Naperville $607,500 11.2% 4.7% 102 10.9% -35.8%
New Lenox $400,000 11.4% 2.9% 21 -22.2% -30.0%
Northbrook $625,000 -9.2% -1.6% 35 45.8% -16.7%
Oak Forest $289,000 2.3% 0.2% 21 16.7% -36.4%
Oak Lawn $293,500 4.8% 6.7% 50 4.2% 13.6%
Oak Park $555,000 20.9% -9.0% 40 37.9% -27.3%
Orland Park $446,000 8.8% -2.5% 30 -23.1% -42.3%
Oswego $410,000 10.5% 2.8% 35 0.0% 12.9%
Ottawa $175,250 -4.8% 29.8% 14 -22.2% -26.3%
Palatine $439,000 12.6% -7.7% 33 6.5% -32.7%
Park Forest $137,500 -15.3% -1.8% 24 0.0% -38.5%
Park Ridge $540,000 12.5% -9.9% 49 69.0% 16.7%
Plainfield $365,000 -1.9% -2.7% 74 4.2% -28.8%
Rockford $135,000 -5.0% 8.1% 97 15.5% -22.4%
Romeoville $270,000 -1.8% -3.2% 13 -58.1% -63.9%
Round Lake $359,000 8.0% 12.2% 15 25.0% 50.0%
Round Lake Beach $195,000 -17.0% -12.4% 15 7.1% -31.8%
Sauk Village $142,000 1.4% -4.7% 12 -7.7% -25.0%
Schaumburg $410,000 10.6% -6.8% 30 20.0% -18.9%
Skokie $425,000 1.9% 0.0% 29 -9.4% -29.3%
South Holland $226,000 4.1% -9.6% 22 -4.3% -43.6%
St. Charles $472,500 13.9% -3.1% 34 -2.9% -48.5%
Streamwood $293,750 3.1% 1.3% 16 -27.3% -51.5%
Streator $101,500 56.2% 14.4% 14 -17.6% 0.0%
Tinley Park $415,000 36.5% 3.8% 25 -21.9% 0.0%
Villa Park $325,000 -3.0% 2.8% 13 -13.3% -50.0%
Waukegan $210,000 15.7% 12.3% 38 -5.0% -19.1%
West Chicago $343,000 -4.7% -2.0% 24 26.3% 4.3%
Wheaton $430,000 1.5% -14.4% 33 10.0% -54.2%
Wilmette $1,250,500 32.7% 37.8% 18 -35.7% -52.6%
Woodridge $390,000 6.6% -3.8% 18 -5.3% -25.0%
Woodstock $275,000 -10.9% -10.1% 19 -20.8% -32.1%
Yorkville $369,900 5.7% -1.1% 19 -9.5% -20.8%
Zion $181,000 -5.6% 0.6% 15 -37.5% -50.0%

Single Family = Detached Single
Condo = Attached Single
Reports generated from Clarus MarketMetrics®

Contact your real estate professional for additional local market trends in your neighborhood. Reports were generated from Clarus MarketMetrics®. Clarus MarketMetrics® is available as a member benefit to MRED MLS members. To register for an account, visit www.mredllc.com.

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