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Illinois Homes for Sale Under 200K

9,228 Homes for Sale

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Photo 1 of Single family home for sale at 801 N Busey Ave, Urbana, IL 61801 | MLS# 12782594 | Listing updated on 2026-10-16

$199,000

Views: 14

Bedrooms: 2Bds

Bathrooms: 2Ba

Area: 1,100sqft

Single family home for sale

801 N Busey Ave, Urbana, IL 61801

MLS ID #12782594, Coldwell Banker R.E. Group

Photo 1 of Single family home for sale at 218 Park St, Hampshire, IL 60140 | MLS# 12731826 | Listing updated on 2026-09-16

$199,000

Views: 11

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,614sqft

Single family home for sale

218 Park St, Hampshire, IL 60140

MLS ID #12731826, O'Neil Property Group, Llc

Price CutPrice Drop: $52K
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Photo 1 of Single family home for sale at 18341 Poplar Ave, Homewood, IL 60430 | MLS# 12534987 | Listing updated on 2026-10-29

$199,000

Views: 27

Bedrooms: 4Bds

Bathrooms: 3Ba

Area: 2,163sqft

Single family home for sale

18341 Poplar Ave, Homewood, IL 60430

MLS ID #12534987, Infiniti Properties, Inc.

Price CutPrice Drop: $6K
Photo 1 of Single family home for sale at 1123a Inlet Rd, Amboy, IL 61310 | MLS# 12756619 | Listing updated on 2026-10-20

$199,000

Views: 1

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,695sqft

Single family home for sale

1123a Inlet Rd, Amboy, IL 61310

MLS ID #12756619, Landmark Realty Of Illinois Llc

No HOANo HOA
Photo 1 of Single family home for sale at 706 Adams St, Oregon, IL 61061 | MLS# 12749792 | Listing updated on 2026-09-18

$198,500

Views: 12

Bedrooms: 4Bds

Bathrooms: 2Ba

Area: 1,396sqft

Single family home for sale

706 Adams St, Oregon, IL 61061

MLS ID #12749792, Sauk Valley Properties Llc

Price CutPrice Drop: $12K
Photo 1 of Single family home for sale at 11401 S Morgan St, Chicago, IL 60643 | MLS# 12654148 | Listing updated on 2026-10-29

$198,000

Views: 13

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,272sqft

Single family home for sale

11401 S Morgan St, Chicago, IL 60643

MLS ID #12654148, Realty Services Consortium

Showing 379 - 420 of 9,228 homes for sale in Illinois

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Illinois Housing Market Overview

Illinois is a balanced market, giving buyers and sellers room to negotiate. With 2.2 months of supply and homes averaging 52 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

52

Inventory

21,256

Sep 2021Jun 2024Sep 2026

Median Home Price

$345,000Up 6.15%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
21,256 Down 13.36%
Newly Listed Homes
15,728 Down 8.30%
Months of Supply
2.2 Down 8.33%

Housing Demand

Homes Sold
9,676 Down 7.06%
Sale-to-List Ratio
99.3% Up 0.11%
Homes Sold Above List
35.3% Up 2.91%

30-yr fixed rate 6.23% · Data as of Sep 2026 · Source: Houzeo Research.

View Full Illinois Market Report
No. of Homes
Prices
Houses for Sale in Near North Side, Chicago
390
$451,250
Houses for Sale in West Englewood, Chicago
183
-
Houses for Sale in Englewood, Chicago
155
-
Houses for Sale in Roseland, Chicago
154
-
Houses for Sale in River North, Chicago
138
-
Houses for Sale in Near West Side, Chicago
137
-
Houses for Sale in Lake View, Chicago
109
-
Houses for Sale in South Shore, Chicago
101
-
Houses for Sale in West Pullman, Chicago
100
-
Houses for Sale in Carbon, O'fallon
99
-
Houses for Sale in Loop, Chicago
95
-
Houses for Sale in West Town, Chicago
94
-
Houses for Sale in Greater Grand Crossing, Chicago
91
-
Houses for Sale in Bronzeville, Chicago
90
-
Houses for Sale in West Loop, Chicago
88
-
Houses for Sale in Auburn Gresham, Chicago
88
-
Houses for Sale in Lincoln Park, Chicago
86
$862,750
Houses for Sale in Austin, Chicago
74
-
Houses for Sale in Woodlawn, Chicago
69
-
Houses for Sale in South Chicago, Chicago
67
-
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  • mls-img
    This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Oct 30, 2026, 3:45 PM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.

    Based on information submitted to the MLS GRID as of Oct 30, 2026, 3:45 PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS,

    Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved
  • mls-imgIDX Logo
    Based on information from Mid America Regional Information Systems, Inc. through Oct 30, 2026, 3:46 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Properties displayed may be listed or sold by various participants in the MLS. Property data presented reflect information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.
    IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. © 2026 Mid America Regional Information Systems, Inc. All Rights Reserved.
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Homes Available icon

9,228

Homes Available

Median List Price icon

$ 345,000

Median List Price

Avg on Market icon

52 Days

Avg on Market