Independent coverage of Illinois housing, remodeling & residential developmentSunday, October 4, 2026
Illinois Remodeling & Development Network

Illinois housing market · public data

Illinois Housing Market Data & RDN Market Score

Read Illinois housing conditions source by source: home prices, property taxes, remodeling costs, credit, and supply. The overall Illinois RDN Market Score brings selected measures together as an independent editorial indicator, alongside separate Buy and Sell Scores.

Data last updated October 4, 2026.

Independent — not a government agency.

RDN Market Score

49.7/100

Mixed Market

What this means: Available statewide indicators point to mixed housing-market conditions; this is not a forecast.

Overall statewide conditions; lower when both buying and selling conditions are weak.
Scale 0–100 · statewide editorial indicator, not advice.

See score breakdown

At a glance

Latest stored releases; reporting periods differ across measures.

Buy Score

40.8/100

Remodel & Stay

What this means: The statewide indicators are mixed; comparing a move with improvements to an existing home may be useful.

Buyer-side conditions for Illinois homeowners.
Scale 0–100 · statewide editorial indicator, not advice.

Sell Score

42.4/100

Neutral – Sell When Ready

What this means: Conditions are balanced; personal timing and local comparables matter more than statewide timing.

Seller-side conditions for Illinois homeowners.
Scale 0–100 · statewide editorial indicator, not advice.

1-year home-price change

+5.6%

Average of available Zillow, Redfin, and FHFA year-over-year changes, measured from each source’s latest release.

Remodel cost change

+7.8%

Year-over-year cost measure used in the Remodel Value sub-index; not a local contractor quote.

Illinois · overall market strength

Illinois RDN Market Score

49.7out of 100
Mixed Market

Available statewide indicators point to mixed housing-market conditions; this is not a forecast.

−0.5 vs previous month

Score as of October 4, 2026

Buy Score

40.8 / 100

Remodel & Stay

See buy breakdown

Sell Score

42.4 / 100

Neutral – Sell When Ready

See sell breakdown

Buy and sell conditions

Buy Score ↑ · Sell Score → · midpoint 50

Quadrant map: Buy Score increases from bottom to top and Sell Score increases from left to right. Both axes split at 50. The upper-left quadrant is Buyer-leaning; upper-right is Broadly healthy; lower-left is Stressed for both sides; lower-right is Seller-leaning. Current Buy Score 40.8 and Sell Score 42.4.

Current position: Stressed for both sides — Neither statewide perspective meets this model's workable-conditions threshold.

Market Score breakdown
ComponentPointsWhat drove itSource
Buyer conditionsThe statewide Buy Score represents conditions facing prospective buyers.8.2 / 20
  • Illinois RDN Buy Score: 40.81% weight · 0th percentile vs. history · higher is better
—
Seller conditionsThe statewide Sell Score represents conditions facing prospective sellers.8.5 / 20
  • Illinois RDN Sell Score: 42.41% weight · 0th percentile vs. history · higher is better
—
Two-sided balanceA market is healthier when conditions are workable for both buyers and sellers.6.8 / 10
  • Two-sided balance: 40.81% weight · 1st percentile vs. history · higher is better
—
Mortgage credit healthLower delinquency and greater approval access indicate healthier mortgage credit.4.2 / 12
  • Serious mortgage delinquency: +1.1%0.5% weight · 0th percentile vs. history · lower is better
  • 12-month delinquency change: +0.30 pp0.3% weight · 1st percentile vs. history · lower is better
  • Mortgage approval rate: +88.3%0.2% weight · 0th percentile vs. history · higher is better
  • Serious mortgage delinquency: 1.1% (Dec 2025)
  • Mortgage approval rate: 88.3% (Jul 2025)
Jobs & household incomeEmployment stability and income growth support households' housing choices.8.3 / 12
  • Unemployment rate: +4.7%0.5% weight · 0th percentile vs. history · lower is better
  • 12-month unemployment change: +0.40 pp0.3% weight · 1st percentile vs. history · lower is better
  • Annual household-income change: +12.3%0.3% weight · 1st percentile vs. history · higher is better
  • Unemployment rate: 4.7% (Aug 2026)
  • Median household income: $93,270/year (Jan 2025)
Price stabilityLess volatility and moderate rather than extreme price changes favor stability.8.8 / 10
  • Price volatility (12-mo st. dev.): +0.15 pp0.5% weight · 0th percentile vs. history · lower is better
  • Avg 1-year home-price change: +5.3%0.5% weight · 1st percentile vs. history · moderate is best
  • Zillow home value index: $297,573 (Aug 2026)
Construction pipelinePermit activity and balanced listing supply inform the housing pipeline.3.4 / 8
  • 3-month average permits, year over year: -17.7%0.6% weight · 0th percentile vs. history · higher is better
  • 12-month active-listings change: +0.2%0.4% weight · 1st percentile vs. history · moderate is best
  • Housing units permitted: 1,871 units (Aug 2026)
  • Active listings: 22,584 listings (Sep 2026)
Population & migrationPopulation change and net migration provide context for long-term housing demand.6.5 / 8
  • Population change: 16,108 persons0.5% weight · 1st percentile vs. history · higher is better
  • Net migration: 4,735 persons0.5% weight · 1st percentile vs. history · higher is better
  • Population change: 16,108 persons (Jul 2025)
  • Net international migration: 44,752 persons (Jul 2025)
  • Net domestic migration: -40,017 persons (Jul 2025)
Base score (rescaled to 100)54.7——
Abnormal-signal adjustment−5.0
  • migration: −5.0
—
Final score49.7 / 100——

How the Market Score works

The score combines buyer conditions (20 points), seller conditions (20), two-sided balance (10, reduced when both sides face weak conditions), credit health (12), jobs and income (12), price stability (10), construction pipeline (8), and population (8). Components are percentile-ranked against available history since 2000; missing components are excluded and remaining points rescaled. Abnormal signals can adjust the score by −15 to +5 points. The bands are Strong (70+), Solid (55–69), Mixed (40–54), Weak (25–39), and Distressed (below 25). Extreme delinquency or unemployment alerts cap the verdict at Mixed. This is a statewide editorial indicator, not advice or a forecast.

Illinois · buyer conditions

Illinois RDN Buy Score

40.8out of 100
Remodel & Stay

The statewide indicators are mixed; comparing a move with improvements to an existing home may be useful.

Remodel Value sub-index: 60/100

Compares home-price growth with labor and material cost growth.

Score as of October 4, 2026

Score breakdown
ComponentPointsInputsSource
Mortgage rates0.9 / 15
  • 30-year mortgage rate: 7.3% (Oct 2026)
Affordability5.5 / 15
  • Zillow home value index: $297,573 (Aug 2026)
  • 30-year mortgage rate: 6.7% (Aug 2026)
  • Median household income: $93,270/year (Jan 2025)
Demand pressure8.4 / 15
  • Pending listings: 14,615 listings (Sep 2026)
  • Active listings: 22,584 listings (Sep 2026)
  • New listings: 12,438 listings (Sep 2026)
  • Price-reduced listings: 8,304 listings (Sep 2026)
Foreclosure & distress3.6 / 10
  • Serious mortgage delinquency: 1.1% (Dec 2025)
Price momentum9.9 / 10
  • Zillow home value index: $297,573 (Aug 2026)
Supply4.7 / 10
  • Active listings: 22,584 listings (Sep 2026)
  • Median days on market: 39 days (Sep 2026)
Credit access0.3 / 5
  • Mortgage approval rate: 88.3% (Jul 2025)
Ownership carrying costNot available — excluded; remaining points rescaled——
Economy & income8.3 / 10
  • Unemployment rate: 4.7% (Aug 2026)
  • Median household income: $93,270/year (Jan 2025)
Population & migration1.9 / 5
  • Net international migration: 44,752 persons (Jul 2025)
  • Net domestic migration: -40,017 persons (Jul 2025)
  • Population change: 16,108 persons (Jul 2025)
Base score (rescaled to 100)45.8——
Abnormal conditions adjustment−5.0——
Final score40.8 / 100——

Excluded components: Ownership carrying cost. Remaining available points were rescaled.

What changed since last month

Total score: −1.3 points

Largest component point changes

  • Mortgage rates−1.2 points
  • Affordability0.0 points
  • Demand pressure0.0 points

How to read this score

Scores of 65 or higher fall in “Good Time to Buy”; 40–64 in “Remodel & Stay,” or “Neutral – Consider Remodeling” when the remodeling sub-index is below 40; and below 40 in “Unfavorable Time to Buy.” Extreme delinquency or unemployment alerts can limit the verdict to “Remodel & Stay.” These are statewide editorial categories, not a recommendation for an individual household.

Illinois · seller conditions

Illinois RDN Sell Score

42.4out of 100
Neutral – Sell When Ready

Conditions are balanced; personal timing and local comparables matter more than statewide timing.

−0.8 vs previous month

Score as of October 4, 2026

Illinois RDN Sell Score breakdown
ComponentPointsWhat drove itSource
Price momentumRecent price growth and proximity to the recent peak indicate how much pricing momentum sellers have.8.3 / 15
  • Avg 1-year home-price change: +5.3%0.7% weight · 1st percentile vs. history · higher is better
  • Distance from 3-year price peak: 0.0%0.3% weight · 1st percentile vs. history · higher is better
  • Zillow home value index: $297,573 (Aug 2026)
Buyer demandPending sales and fewer price reductions suggest stronger demand for listed homes.5.9 / 15
  • Pending ÷ active listings: +0.650.5% weight · 0th percentile vs. history · higher is better
  • 12-month pending-listings change: -5.8%0.3% weight · 0th percentile vs. history · higher is better
  • Price-reduced share of active listings: +0.370.3% weight · 1st percentile vs. history · lower is better
  • Pending listings: 14,615 listings (Sep 2026)
  • Active listings: 22,584 listings (Sep 2026)
  • Price-reduced listings: 8,304 listings (Sep 2026)
Listing competitionFewer competing listings and shorter selling times favor sellers.8.4 / 15
  • 12-month active-listings change: +0.2%0.4% weight · 1st percentile vs. history · lower is better
  • Median days on market: 39 days0.4% weight · 0th percentile vs. history · lower is better
  • 12-month new-listings change: -4.8%0.2% weight · 0th percentile vs. history · lower is better
  • Active listings: 22,584 listings (Sep 2026)
  • Median days on market: 39 days (Sep 2026)
  • New listings: 12,438 listings (Sep 2026)
Mortgage rates & buyer poolLower or falling mortgage rates can make homes accessible to more buyers.0.6 / 10
  • 30-year rate (monthly avg): +7.3%0.6% weight · 1st percentile vs. history · lower is better
  • 12-month mortgage-rate change: +1.03 pp0.4% weight · 1st percentile vs. history · lower is better
  • 30-year mortgage rate: 7.3% (Oct 2026)
Buyer affordabilityBuyers who can afford mortgage payments are better positioned to support sale prices.3.7 / 10
  • Payment-to-income ratio: +0.221% weight · 1st percentile vs. history · lower is better
  • Zillow home value index: $297,573 (Aug 2026)
  • 30-year mortgage rate: 6.7% (Aug 2026)
  • Median household income: $93,270/year (Jan 2025)
Price level & equityPrices near their recent peak with less volatility may support sellers' equity positions.7.1 / 10
  • Distance from 3-year price peak: 0.0%0.6% weight · 1st percentile vs. history · higher is better
  • Price volatility (12-mo st. dev.): +0.15 pp0.4% weight · 0th percentile vs. history · lower is better
  • Zillow home value index: $297,573 (Aug 2026)
Distressed-sale competitionLower serious delinquency can mean less potential competition from distressed sales.1.8 / 5
  • Serious mortgage delinquency: +1.1%0.5% weight · 0th percentile vs. history · lower is better
  • 12-month delinquency change: +0.30 pp0.5% weight · 1st percentile vs. history · lower is better
  • Serious mortgage delinquency: 1.1% (Dec 2025)
Buyer credit accessGreater mortgage approval access can help qualified buyers complete purchases.0.3 / 5
  • Mortgage approval rate: +88.3%1% weight · 0th percentile vs. history · higher is better
  • Mortgage approval rate: 88.3% (Jul 2025)
Jobs & incomeEmployment and household-income conditions influence buyers' ability to transact.7.2 / 10
  • Unemployment rate: +4.7%0.5% weight · 0th percentile vs. history · lower is better
  • 12-month unemployment change: +0.40 pp0.2% weight · 1st percentile vs. history · lower is better
  • Annual household-income change: +12.3%0.3% weight · 1st percentile vs. history · higher is better
  • Unemployment rate: 4.7% (Aug 2026)
  • Median household income: $93,270/year (Jan 2025)
Population & migrationPopulation growth and net migration can contribute to housing demand.4.1 / 5
  • Net migration: 4,735 persons0.5% weight · 1st percentile vs. history · higher is better
  • Population change: 16,108 persons0.5% weight · 1st percentile vs. history · higher is better
  • Net international migration: 44,752 persons (Jul 2025)
  • Net domestic migration: -40,017 persons (Jul 2025)
  • Population change: 16,108 persons (Jul 2025)
Base score (rescaled to 100)47.4——
Abnormal-signal adjustment−5.0
  • migration: −5.0
—
Final score42.4 / 100——

How to read this score

Scores of 65 or higher fall in “Good Time to Sell”; 40–64 in “Neutral – Sell When Ready”; below 40 in “Unfavorable Time to Sell.” Extreme adverse inventory, delinquency or unemployment alerts can limit the verdict to Neutral. The Sell Score weighs price momentum, buyer demand, listing competition, mortgage rates and the buyer pool, buyer affordability, price level and equity, distressed-sale competition, buyer credit access, jobs and income, and population. Statewide editorial categories, not a recommendation for an individual household.

Market alerts (abnormal signal detection)

Each indicator’s latest 12-month change is compared with its own trailing 10-year history using a robust z-score (median and MAD). An absolute z-score of at least 2 is abnormal; at least 3 is extreme. The overall score adjustment is bounded from −15 to +5 points.

net migration

Extreme

Extreme: Illinois net migration down 53306 persons from the previous year — 3.1σ below normal.

Score impact — Market −5.0, Buy −5.0, Sell −5.0Data period: Jul 2025Source: U.S. Census Bureau

Score history

Time range
Show scores

Monthly scores since Jan 2012 (recalculated with currently available data). Market Score highest: 80.4 (Feb 2015); lowest: 28.1 (May 2022); months with abnormal-signal alerts: 84.

This history is a retrospective recalculation using data as currently published, including later revisions. It is not a record of scores available to readers at each historical date.

Dot: a month with at least one adverse alert, positioned on the Market Score (or Buy Score if Market is unavailable). Dashed lines mark Buy/Sell thresholds, not forecasts.

Score Outlook: 12- to 48-month projections

See statistical projections of the Market, Buy, and Sell Scores with historical-error ranges and backtested accuracy. Data-based projections only, not financial advice or a forecast of home prices.

View the Score Outlook

Illinois Home Prices

Compare value estimates, completed sales, and a repeat-sales index without treating them as interchangeable.

Illinois Home Valuesavg. change
30D+0.52%
90D+0.82%
180D+2.17%
1Y+5.58%

Average of Zillow ZHVI (Aug 2026); Redfin median sale price (May 2026; 1Y only); FHFA HPI® (Q2 2026; 90D+ only). Latest available data at each source's release period; not real-time, an appraisal, or a forecast. Data provided by Zillow Group. Source: FHFA HPI®.

Stored releases · Illinois

Illinois price history

Home-price lines show change from each series’ first release in the range.

Time range
Home-price sources
Zillow ZHVIRedfin median sale priceFHFA HPI®30-year fixed rate · right axis

What the rate-adjusted bands show

These Bollinger-style bands place a trailing moving average between an upper and lower boundary. Each boundary is the average plus or minus a multiple of recent standard deviation: six releases for monthly prices, or two for quarterly prices. The multiplier is 2 × (1 + 0.25 × the absolute 12-month change in the 30-year mortgage rate, in percentage points). The calculation uses earlier releases even when they fall outside the visible range.

The bands help put unusually strong or weak price movement in the context of recent volatility. A price near the upper boundary is unusually strong relative to its recent trend; near the lower boundary, unusually weak. The band widens when mortgage rates have moved sharply, reflecting the added uncertainty that can accompany rate shocks—not a proven causal measure for any individual sale. The optional trend line is a straight-line fit across visible releases only.

This is an Illinois RDN analytical overlay, not a forecast, appraisal, or investment advice. Different source methods and release dates can produce different-looking lines.

Sources for this chart

How we measure Illinois home prices

Zillow ZHVI estimates a typical home value. Its monthly series is smoothed and seasonally adjusted; it is not the median price of homes sold in a month.

Redfin Data Center reports the monthly median sale price of actual transactions. This series is not seasonally adjusted, so seasonal patterns and the mix of homes sold can move the median.

FHFA HPI® is a quarterly purchase-only, repeat-sales index based on eligible mortgage transactions. It measures an index, not the price of a representative individual home.

Why the numbers lag

A reported period is not the date you view this page. Zillow and Redfin publish monthly data, FHFA publishes quarterly data, and Freddie Mac’s Primary Mortgage Market Survey® publishes a weekly 30-year fixed mortgage-rate series. Collection, processing, and publication take time. The source inventory below identifies the latest stored period for each measure.

Illinois Property Taxes

Statewide owner-paid real estate taxes and government property-tax revenue are different measures. The area estimates below compare owner-occupied homes across defined groups of places and counties.

The latest available statewide median real estate tax paid is Not yet available. State and local property-tax revenue is Not yet available. These measures cover different populations and reporting periods.

Illinois · Recorded releases

Statewide property tax trend

Data is not available yet.

City, suburban & rural estimates

Area-type estimates will appear after the next successful Census data refresh.

Remodeling Labor & Material Costs

Industry wages and national producer-price indexes provide context for remodeling costs; neither is a quote for an Illinois project.

Illinois residential remodelers’ latest reported average weekly wage is $1,126 (Q1 2026). The national residential-construction goods input index is 349.0 (Aug 2026).

Labor

Materials

Chart series

Illinois · Recorded releases

Labor and material cost trends

Time range
Residential remodeler wagesSpecialty trade wagesLumber & woodConcreteMetalsResidential construction inputs

Remodel Value sub-index context

Over the latest year, Illinois home prices changed +5.3% while remodeling costs changed +7.8% (spread −2.5 pp). The spread compares those changes for the Remodel Value sub-index; it is not a project return or a forecast.

QCEW figures are average weekly wages for all workers in each industry, not hourly contractor rates or bid prices. PPI measures national producer prices, not Illinois retail prices.

Mortgages, Credit & Income

Mortgage rates, home-purchase application decisions, and household income describe different parts of the financing picture.

The latest stored 30-year fixed mortgage rate is 7.3% (October 1, 2026). Illinois’ latest recorded home-purchase approval rate is 88.3% (2025), and median household income is $93,270 (2025).

30-year fixed mortgage rate

7.3%

Data period: October 1, 2026

Source: Freddie Mac PMMS

Freddie Mac PMMS; rate level, not a year-over-year relative change.

Illinois · Recorded releases

Median household income

Median household income

Illinois · Recorded releases

Home-purchase mortgage approval rate

Mortgage approval rate

HMDA data are annual and generally arrive with roughly a one-year reporting lag. The mortgage-rate history chart is in Home Prices.

Housing Demand & Mortgage Distress

Listing activity describes market flow. Serious mortgage delinquency is a separate, lagging measure of loan distress.

The latest matched-month pending-to-active listing ratio is 0.65 (Sep 2026). The latest recorded serious-delinquency share is 1.1% (Dec 2025).

Illinois · Recorded releases

Pending-to-active listing ratio

Time range
Demand ratio
Illinois RDN ratio; the index-style chart axis represents a unitless ratio, not an official index.

Illinois · Recorded releases

Listing activity

Time range
Pending listingsNew listingsPrice-reduced listings

Illinois · Recorded releases

Serious mortgage delinquency

Serious mortgage delinquency

The Illinois RDN demand ratio and price-reduced share use matched-month Realtor.com listing counts; zero or missing active counts are excluded. CFPB serious delinquency measures mortgages 90 or more days past due, excluding loans in foreclosure. It can signal distress but is not a foreclosure count; CFPB releases lag by approximately two to three quarters.

Supply, Construction & the Economy

Listings, permitted housing units, employment, and population estimates offer different views of Illinois housing conditions.

Illinois has 22,584 active listings in the latest stored period (Sep 2026). The latest monthly, seasonally adjusted count of private housing units authorized by permits is 1,871 (Aug 2026).

Illinois · Recorded releases

Active listings

Time range
Active listings

Illinois · Recorded releases

Median days on market

Time range
Days on market

Illinois · Recorded releases

Housing units authorized by building permits

Time range
Housing units permitted

Illinois · Recorded releases

Illinois unemployment rate

Time range
Unemployment rate

Population & Migration

The latest Census estimate of Illinois population change is +16,108. Migration measures are components of that estimate, not counts of housing transactions.

Illinois · Recorded releases

Population change and net migration

Net international migrationNet domestic migrationPopulation change

Methodology

The Illinois RDN Market, Buy, and Sell Scores are independent, statewide editorial indicators, not recommendations for an individual household.

Market Score

  1. Buyer conditions

    20 points maximum

    The Buy Score scaled to 20 points.

  2. Seller conditions

    20 points maximum

    The Sell Score scaled to 20 points.

  3. Two-sided balance

    10 points maximum

    Compares the lower of the Buy and Sell Scores with 60. When both sides face weak conditions, balance contributes fewer points.

  4. Mortgage credit health

    12 points maximum

    The CFPB share of mortgages 90 or more days delinquent and its 12-month change, together with the HMDA home-purchase approval rate.

  5. Jobs & household income

    12 points maximum

    BLS/FRED unemployment level and change, plus Census median household-income growth.

  6. Price stability

    10 points maximum

    Zillow 12-month home-value volatility and year-over-year growth; moderate growth scores best.

  7. Construction pipeline

    8 points maximum

    Census building-permit three-month year-over-year change and moderate growth in active listings.

  8. Population & migration

    8 points maximum

    Census Population Estimates Program (PEP) population change and net migration.

Buy Score

  1. Mortgage rates

    15 points maximum

    The current 30-year fixed-rate level and its 12-month change.

  2. Affordability

    15 points maximum

    An estimated monthly payment on a typical Zillow home value with 10% down at the current 30-year rate, relative to median household income. It is a statewide comparison, not an individual loan estimate.

  3. Demand pressure

    15 points maximum

    Pending listings divided by active listings, new listings, and the price-reduced share of active listings.

  4. Foreclosure & distress

    10 points maximum

    The level and 12-month change in CFPB mortgages 90 or more days delinquent. This series excludes loans already in foreclosure and is not a foreclosure count.

  5. Price momentum

    10 points maximum

    Home-price growth, with moderate growth scoring best rather than assuming faster growth is always beneficial.

  6. Supply

    10 points maximum

    The year-over-year change in active listings and median days on market.

  7. Credit access

    5 points maximum

    The HMDA home-purchase mortgage approval rate.

  8. Ownership carrying cost

    5 points maximum

    Property-tax growth compared with income growth.

  9. Economy & income

    10 points maximum

    Unemployment and household-income growth.

  10. Population & migration

    5 points maximum

    The stability of Census net migration and population change; these estimates do not identify immigration-enforcement removals separately.

Sell Score

  1. Price momentum

    15 points maximum

    Zillow, Redfin, and FHFA year-over-year price growth and distance from the three-year price peak.

  2. Buyer demand

    15 points maximum

    Realtor.com data via FRED: pending-to-active listings ratio and year-over-year change in pending listings.

  3. Listing competition

    15 points maximum

    Realtor.com data via FRED: price-reduced share, active-listings year-over-year change, days on market, and new-listings year-over-year change.

  4. Mortgage rates & buyer pool

    10 points maximum

    The Freddie Mac PMMS 30-year mortgage rate and its change, which affect the pool of financed buyers.

  5. Buyer affordability

    10 points maximum

    Estimated payment-to-income using home values, mortgage rates, and Census median household income.

  6. Price level & equity

    10 points maximum

    Zillow, Redfin, and FHFA price levels, growth, and distance from the three-year peak as statewide equity context.

  7. Distressed-sale competition

    5 points maximum

    The CFPB share of mortgages 90 or more days delinquent and its 12-month change; not a foreclosure count.

  8. Buyer credit access

    5 points maximum

    The HMDA home-purchase mortgage approval rate.

  9. Jobs & income

    10 points maximum

    BLS/FRED unemployment and Census median household-income growth.

  10. Population & migration

    5 points maximum

    Census Population Estimates Program (PEP) population change and net migration.

Each score has 100 possible base points. Available inputs are ranked against their own historical observations since 2000, where those observations exist. Missing inputs are excluded and the remaining points rescaled proportionally.

Abnormal signals compare the latest 12-month change with a trailing ten-year history using a robust z-score based on the median and median absolute deviation (MAD). An absolute z-score of at least 2 is abnormal; at least 3 is extreme. Adjustments are perspective-specific and range from −15 to +5 points, weighting adverse risks more heavily. A surge in listings is adverse for sellers but not necessarily for buyers; overheated or sharply slowing price growth is adverse for overall market strength.

Market Score bands are Strong (70+), Solid (55–69), Mixed (40–54), Weak (25–39), and Distressed (below 25). Buy Scores of 65 or higher fall in “Good Time to Buy”; 40–64 in “Remodel & Stay,” or “Neutral – Consider Remodeling” when the Remodel Value sub-index is below 40; and below 40 in “Unfavorable Time to Buy.” Sell Scores of 65 or higher fall in “Good Time to Sell”; 40–64 in “Neutral – Sell When Ready”; and below 40 in “Unfavorable Time to Sell.” Extreme adverse signals can limit a verdict. The Remodel Value sub-index compares home-price growth with labor and material cost growth; it does not estimate a project’s return.

Monthly score history back to 2012 is recalculated using data as currently published, including later revisions. It is not a record of what readers could have known in each historical month. Underlying releases arrive weekly, monthly, quarterly, or annually. HMDA and ACS figures can run roughly one to two years behind; CFPB delinquency releases can lag approximately two to three quarters. Consult the source inventory for each series’ latest stored period.

Frequently asked questions

What is the Illinois RDN Market Score?

It is Illinois RDN’s independent, statewide indicator of overall market strength, combining Buy and Sell conditions with broader credit, economic, price, construction, and population fundamentals. When both sides face weak conditions, the overall score is lower. It is not advice, an appraisal, or a forecast.

How is the Sell Score different from the Buy Score?

Many conditions push in opposite directions: rising prices and tight inventory can help sellers while making buying harder. Mortgage rates and jobs affect both perspectives. Each score describes statewide conditions, not a recommendation for an individual property or household.

How often is it updated?

Stored data are checked daily, but each publisher updates on its own weekly, monthly, quarterly, or annual schedule. A daily check does not mean every underlying observation changed that day.

Why don't Zillow, Redfin and FHFA show the same change?

They measure different things. Zillow ZHVI estimates a smoothed, seasonally adjusted typical value; Redfin reports the median price of homes actually sold without seasonal adjustment; and the FHFA purchase-only index tracks repeat sales financed with eligible mortgages. Their populations, methods, and release schedules differ.

Why are some data a year or more old?

Publication schedules and collection methods vary. HMDA mortgage and Census ACS releases can run roughly one to two years behind, while CFPB delinquency releases can lag approximately two to three quarters. The source inventory identifies each latest stored period.

How are City, Suburban and Rural property taxes defined?

City covers Census places legally designated cities with at least 50,000 residents. Suburban covers other incorporated places in USDA metro counties, and Rural uses counties classified as non-metro under the referenced USDA codes. The displayed figures are Illinois RDN owner-occupied-unit-weighted estimates of ACS area medians, not official Census area-type figures.

Does the score include deportation or immigration-enforcement data?

No. There is no reliable, regularly updated removals series by Illinois residence. The score instead uses Census net migration and population-change estimates, which do not separately identify removals or deportations.

Can I use this to value my home or decide on a loan?

No. Statewide indicators cannot account for a particular property, household, financing offer, or local market. Consult qualified appraisal, lending, tax, or financial professionals as appropriate before making a property or loan decision.

All Sources

Publishers, datasets, release frequencies, and latest stored periods for the measures displayed on this page.

FRED® is a registered trademark of the Federal Reserve Bank of St. Louis; Realtor.com data © Move, Inc.; BLS and Census data are public domain.
PublisherDataset / indicatorFrequencyLatest periodLink
ZillowZillow Home Value Index (ZHVI)Data provided by Zillow GroupMonthlyAug 2026Source page
RedfinMedian sale priceRedfin Data CenterMonthlyMay 2026Source page
FHFAPurchase-only House Price Index (HPI®)Source: FHFA HPI®QuarterlyQ2 2026Source page
Freddie MacPrimary Mortgage Market Survey (PMMS®), 30-year fixedFreddie Mac PMMSWeeklyOct 1, 2026Source page
U.S. Census BureauMedian real estate taxes paid, Illinois owner-occupied homesSource: U.S. Census Bureau, American Community Survey 1-year estimates (B25103)annualNot yet availableSource page
U.S. Census BureauIllinois state and local property tax revenueSource: U.S. Census Bureau, Annual Survey of State and Local Government FinancesannualNot yet availableSource page
U.S. Bureau of Labor StatisticsAverage weekly wage, Illinois private residential remodelersSource: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and WagesquarterlyQ1 2026Source page
U.S. Bureau of Labor StatisticsAverage weekly wage, Illinois private specialty trade contractorsSource: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and WagesquarterlyQ1 2026Source page
U.S. Bureau of Labor Statistics via FREDProducer Price Index: Lumber and Wood ProductsU.S. Bureau of Labor Statistics, retrieved from FRED®, Federal Reserve Bank of St. LouismonthlyAug 2026Source page
U.S. Bureau of Labor Statistics via FREDProducer Price Index: Concrete ProductsU.S. Bureau of Labor Statistics, retrieved from FRED®, Federal Reserve Bank of St. LouismonthlyAug 2026Source page
U.S. Bureau of Labor Statistics via FREDProducer Price Index: Steel Mill ProductsU.S. Bureau of Labor Statistics, retrieved from FRED®, Federal Reserve Bank of St. LouismonthlyAug 2026Source page
U.S. Bureau of Labor Statistics via FREDProducer Price Index: Inputs to Residential Construction, GoodsU.S. Bureau of Labor Statistics, retrieved from FRED®, Federal Reserve Bank of St. LouismonthlyAug 2026Source page
U.S. Census Bureau via FREDIllinois median household income, current dollarsU.S. Census Bureau, retrieved from FRED®, Federal Reserve Bank of St. Louisannual2025Source page
CFPB / FFIECIllinois home-purchase mortgage approval rateSource: CFPB / FFIEC, Home Mortgage Disclosure Actannual2025Source page
CFPB / FFIECIllinois home-purchase applications with a decisionSource: CFPB / FFIEC, Home Mortgage Disclosure Actannual2025Source page
Realtor.com® Economic Research via FREDActive listing count, IllinoisRealtor.com® Economic Research, retrieved from FRED®monthlySep 2026Source page
Realtor.com® Economic Research via FREDMedian days on market, IllinoisRealtor.com® Economic Research, retrieved from FRED®monthlySep 2026Source page
Realtor.com® Economic Research via FREDPending listing count, IllinoisRealtor.com® Economic Research, retrieved from FRED®monthlySep 2026Source page
Realtor.com® Economic Research via FREDNew listing count, IllinoisRealtor.com® Economic Research, retrieved from FRED®monthlySep 2026Source page
Realtor.com® Economic Research via FREDPrice-reduced listing count, IllinoisRealtor.com® Economic Research, retrieved from FRED®monthlySep 2026Source page
Consumer Financial Protection BureauIllinois mortgages 90 or more days delinquentSource: Consumer Financial Protection Bureau, Mortgage Performance TrendsmonthlyDec 2025Source page
U.S. Census Bureau via FREDPrivate housing units authorized by building permits, IllinoisU.S. Census Bureau, retrieved from FRED®, Federal Reserve Bank of St. LouismonthlyAug 2026Source page
U.S. Bureau of Labor Statistics via FREDIllinois unemployment rateU.S. Bureau of Labor Statistics, retrieved from FRED®, Federal Reserve Bank of St. LouismonthlyAug 2026Source page
U.S. Census BureauIllinois net international migrationSource: U.S. Census Bureau, Population Estimates Programannual2025Source page
U.S. Census BureauIllinois net domestic migrationSource: U.S. Census Bureau, Population Estimates Programannual2025Source page
U.S. Census BureauIllinois annual population changeSource: U.S. Census Bureau, Population Estimates Programannual2025Source page
USDA Economic Research Service2023 Rural-Urban Continuum Codes (RUCC)Fixed reference2023Source page
Illinois RDNDerived measures: Housing Score, demand ratio, and area-type tax mediansVaries by underlying seriesSee underlying releasesPage methodology