01/24/2026
Illinois market update for December 2025 👇
Home sales across the state rose 2% and median prices jumped 6.3% despite low inventory.
Chicago Metro median price is up 4.4% to $355,000.
City of Chicago median price is up 2.9% to $350,000.
Mortgage rates dipped slightly to 6.19%, helping keep buyers active.
What this means
• Demand is still strong
• Inventory is tight
• Prices continue to rise
• Sellers still have the advantage
Illinois real estate remains strong going into 2026.
Message me if you want to know what this looks like in your neighborhood.
📊 Illinois Housing Market Stats – December 2025
Illinois saw higher home sales both in December and across 2025, even as inventory remained low and median prices continued to rise.
🔹 Statewide closed sales increased 2% (median price rising 6.3%)
🔹 Chicago Metro: Median home price up 4.4% to $355,000
🔹 City of Chicago: Median prices up 2.9% to $350,000
🔹 AVG 30-year fixed mortgage rate: 6.19% (down from 6.24% the month before)
"December reflected a market that remains active, with prices holding firm amid continued supply challenges. Across the year, tight inventory was a defining factor shaping the market," said Illinois REALTORS® President Jeff Kolbus. "In 2026, we expect improvement to be steady, with affordability and mortgage rates continuing to influence outcomes."
📍 Dive into the full stats:
www.IllinoisRealtors.org/MarketStats