Illinois Home Prices Increase

Nov 27, 2015

Credit Flickr user Brandon Blahnik / "House" (CC V 2.0)

Home prices are on the rise in Illinois.

The statewide median price of a home was up over 6 percent in October to 168-thousand dollars. But overall sales were down amid tighter inventory. 

The number of homes listed was down 10 percent compared to the same time last year.   

That means it's a good time to be a seller.  Homes are staying on the market fewer days … 68 now compared to 74 a year ago.

While the holidays tend to always see a decline in homes being offered, the state's realtors say the drop off in October was especially steep.