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Illinois Homes for Sale Under 500K

22,478 Homes for Sale

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Price CutPrice Drop: $49.9K
Photo 1 of Single family home for sale at 5907 N Elm Ln, Peoria, IL 61614 | MLS# 12760298 | Listing updated on 2026-10-12

$500,000

Views: 12

Bedrooms: 5Bds

Bathrooms: 4Ba

Area: 4,000sqft

Single family home for sale

5907 N Elm Ln, Peoria, IL 61614

MLS ID #12760298, Beycome Brokerage Realty Llc

New ConstructionNew Construction
Photo 1 of Single family home for sale at 3290 E 289th Road, Lasalle, IL 61301 | MLS# 12748029 | Listing updated on 2026-09-07

$500,000

Views: 12

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,850sqft

Single family home for sale

3290 E 289th Road, Lasalle, IL 61301

MLS ID #12748029, Row House Realty Group Llc

3D Tour3D Tour
Photo 1 of Single family home for sale at 634 Homestead Ct, Aurora, IL 60506 | MLS# 12703927 | Listing updated on 2026-09-24

$500,000

Views: 10

Bedrooms: 4Bds

Bathrooms: 4Ba

Area: 3,189sqft

Single family home for sale

634 Homestead Ct, Aurora, IL 60506

MLS ID #12703927, Keller Williams Inspire - Geneva

3D Tour3D Tour
No HOANo HOA
Photo 1 of Single family home for sale at 214 S State St, Elgin, IL 60123 | MLS# 12656406 | Listing updated on 2026-10-24

$500,000

Views: 14

Bedrooms: 8Bds

Bathrooms: 5Ba

Area: 4,628sqft

Single family home for sale

214 S State St, Elgin, IL 60123

MLS ID #12656406, Baird & Warner

3D Tour3D Tour
No HOANo HOA
Photo 1 of Single family home for sale at 6559 Lake Rd, Hopedale, IL 61747 | MLS# 12746613 | Listing updated on 2026-09-23

$500,000

Views: 10

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 2,848sqft

Single family home for sale

6559 Lake Rd, Hopedale, IL 61747

MLS ID #12746613, Bhhs Central Illinois, Realtors

No HOANo HOA
Photo 1 of Single family home for sale at 364 Abbey Ln, Antioch, IL 60002 | MLS# 12767143 | Listing updated on 2026-09-30

$500,000

Views: 9

Bedrooms: 4Bds

Bathrooms: 3Ba

Area: 2,676sqft

Single family home for sale

364 Abbey Ln, Antioch, IL 60002

MLS ID #12767143, Re/Max Advantage

Showing 1 - 42 of 22,478 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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Austin, Chicago Neighborhood Guide
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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, 1:45 AM. 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, 1:45 AM. 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, 1:46 AM. 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

22,478

Homes Available

Median List Price icon

$ 345,000

Median List Price

Avg on Market icon

52 Days

Avg on Market