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Illinois Homes for Sale Under 500K

22,497 Homes for Sale

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HotHot
Price CutPrice Drop: $19.1K

$499,900

Views: 21

Bedrooms: 4Bds

Bathrooms: 2Ba

Area: 2,230sqft

Single family home for sale

7712 Parkside Ave, Burbank, IL 60459

MLS ID #12747046, Coldwell Banker Real Estate Group

Price CutPrice Drop: $19.6K

$499,900

Views: 16

Bedrooms: 3Bds

Bathrooms: 4Ba

Area: 3,679sqft

Single family home for sale

102 Raef Rd, Downs, IL 61736

MLS ID #12678991, Coldwell Banker Real Estate Group

Open House
New ConstructionNew Construction

$499,900

Views: 9

Bedrooms: 3Bds

Bathrooms: 3Ba

Area: 2,100sqft

Single family home for sale

0 Nellies Ridge, Dow, IL 62022

Coldwell Banker Paslay Realtor

Price CutPrice Drop: $16K
No HOANo HOA

$499,900

Views: 5

Bedrooms: 4Bds

Bathrooms: 3Ba

Area: 2,266sqft

Single family home for sale

7432 W Gregory St, Chicago, IL 60656

MLS ID #12768798, Chicagoland Brokers Inc.

Price CutPrice Drop: $25K
3D Tour3D Tour

$499,900

Views: 12

Bedrooms: 5Bds

Bathrooms: 3Ba

Area: 3,510sqft

Single family home for sale

461 Mooresfield St, Elgin, IL 60124

MLS ID #12759209, @Properties Christie'S International Real Estate

HotHot
New ConstructionNew Construction

$499,900

Views: 32

Bedrooms: 4Bds

Bathrooms: 3Ba

Area: 2,458sqft

Single family home for sale

11616 Osanna Ln, Marine, IL 62061

Re/Max Signature Properties

$499,900

Views: 1

Bedrooms: 5Bds

Bathrooms: 4Ba

Area: 2,368sqft

Single family home for sale

16725 W Basil Dr, Lockport, IL 60441

MLS ID #12791530, @Properties Christie�S International Real Estate

Community iconCommunity 52 Homes Available
18A 5733 N Sheridan Rd

Community iconEdgewater Plaza

Chicago, IL 60660

Co-op Condo Community Lakefront Private Island / Enclave Single-Family Home (SFH) Townhome Community

Showing 169 - 210 of 22,497 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
  • mls-img
    This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Oct 30, 2026, 7:15 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, 7:15 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, 7:16 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

22,497

Homes Available

Median List Price icon

$ 345,000

Median List Price

Avg on Market icon

52 Days

Avg on Market