Find Illinois Buyers Agent Profiles Below
Below you will find our most up-to-date list of highly rated Illinois buyers agents who are current members of the association. You may also choose an office number and then call our office at 800-383-7188 for more information on a particular buyer agency company.
Here are a few great things about living in Illinois: Farmlands, corn fields and power plants. As previously mentioned, the majority of Illinois is covered in farms and fields. In addition to pumpkins and corn, we also produce wind power, soy, and a plethora of other small crops that feed locals far and wide. Illinois is home to more nuclear power plants than any other state.
Free list of Top Illinois Buyers Agents and other States:
For quick access to Illinois real estate agents by city search, go to https://nationalbuyersagents.org. You may also find real estate buyers agents for other states within this site.
Illinois buyers agents and brokers are your partners and guides. They provide expert location and negotiation skills when you are ready to acquire a property. Illinois buyers agents typically get paid out of the sales price of the home at closing . Therefore you will experience no up front costs. Use our interview questions for how to choose a buyers agent who will be the best fit for you.
Research Home Values and Neighborhoods
See our YouTube page for many real estate videos by state and city to do price and lifestyle comparisons or go to our 1 minute videos blog. These show current home prices per state and major cities that are researched through 3 different sites. One site we reference is the Zillow home values section of their website that is based on recent past sales. It shows the 1-year changes. Zillow, Redfin, and Realtor.com are great places for to start your research, but an Illinois buyer’s agent will be your most current and accurate resource for actual MLS prices and home availability.
Key to Illinois buyers agent designations: ABR: Accredited Buyers Agent; CRS: Certified Residential Specialist; GRI: Graduate Realtor Institute, SRES: Senior Residential Specialist
Buyers Agents in Illinois
| Name | Office # | Areas | Counties | Designations | Message |
|---|---|---|---|---|---|
| William | 1861 | Bloomington, Deer Creek, East Peoria, Goodfield, Mackinaw, Morton, Normal, Pekin, Peoria, Tremont, Washington | Peoria, McLean, Tazewell, Woodford | ABR, CRS | Do unto others as you would have them do unto you. |
| Sarah | 5265 | Bloomington, Champaign, Clinton, Downs, Heyworth, LeRoy, Normal | DeKalb, De Witt, DuPage, McLean | We love people, homes and the communities we serve. Our more than 1, 700 real estate professionals in Wisconsin, Illinois, Indiana and Michigan focus on empowering people to make the best real estate decisions possible. We pair our personal compassion and local knowledge with the most advanced technology to exceed customer expectations while providing a safe and dependable real estate experience. The power of our brand and its legacy, combined with our agents and network of resources allows us to be the #1 Coldwell Banker franchise affiliate in Wisconsin, Illinois, Indiana, United States and the Wolrd. We provide the best, because #TheBestWearBlue. | |
| Greg | 5275 | Asbury, Bellevue, Cascade, Dubuque, Durango, Dyersville, , East Dubuque, Epworth, Farley, Lamotte, Peosta, RIckardsville, Sherrill, Zwingle WI: Cuba City, Hazel Green, Keiler | IA: Clayton, Delaware, Dubuque, Jackson, Jones IL: JoDaviess | ABRs in office | We exists to provide superior service to Buyers and Sellers of existing and new construction properties in the tri-state area. Our superior service is achieved through contributions of well qualified people working together, dedicated to excellence in their industry with integrity in their actions resulting in total customer satisfaction. We will continue to be a dominant and innovative full service real estate company prepared for the future. |
| Michael | 5541 | Alsip, Bedford Park, Bridgeview, Bolingbrook, Brookfield, Burbank, Burr Ridge, ChicagoMetro, Claredon Hills, Countryside, Crestwood, Darien, Downers Grove, Elmhurst, Evergreen Park, Frankfort, Glen Ellyn, Hickory Hills, Hinsdale, Homer Glen, Hometown, Indian Head Park, Justice, Lagrange, Lagrange Highlands, Lagrange Park, Lemont, Lombard, Mokena, Naperville, Oak Brook, Oak Forest, Oak Lawn, Oak Brook Terrace, Orland Hills, Orland Park, Palos Heights, Palos Hills, Palos Park, Tinley Park, Western Springs, Westchester, Westmont, Willow Springs, Willowbrook, Woodridge, Worth | Cook, DuPage, Will | ABR, Accredited Buyer Representative SFR, Short Sales and Foreclosure Resource Certification VRM REO, VRM University REO Certification CRS, Certified Residential Specialist GRI, Graduate, REALTORÃ Institute e-PRO Internet Professional TRC, Transnational Referral Certified Equator Certification RESnet Certification | When you are buying or selling property in today's real estate market, it's important to have confidence in your real estate professional. My objective is to work diligently to assist you in meeting your real estate goals while representing you with integrity and honesty. |
| Richard | 4401 | Â Aurora, Arlington Heights, Bannockburn, Â Buffalo Grove, Cary, Chicago, Crystal Lake, Deerfield, Downers Grove, Elk Grove Village, Elmhurst, Evanston, Village, Glencoe, Hanover Park, Highland Park, Highwood, Kenilworth, Lake Bluff, Lake Forest, Lake Zurich, Mt Prospect, Mount Prospect, Naperville, Northbrook, Oak Park, Palatine, Round Lake, Schaumburg, South Barrington, Wadsworth, Waukegan, Wheaton, Wheeling, Winnetka, Wilmette, Woodale All Chicago neighborhoods -Â Andersonville, Avondale, Edgewater, Edgewater Glen, Gold Coast, Lakeview, Lincoln Park, Logan Square, North Chicago, Old Town, River North, Rogers Park, Streeterville, West Loop, Wonder Lake WI: Bristol, Kenosha, Paddock Lake, Pleasant Prairie, Salem, Silver Lake, Â | IL - Lake, Cook, Dupage, Will; WI - Bristol, Kenosha | ABR, FSR, LEED-AP | "We live in the best of all possible worlds." Gottfried Wilhelm Leibniz |
| Lee | 4807 | Amboy, Ashton, Chadwick, Deer Grove, DeKalb, Dixon, Eldena, Erie, Franklin Grove, Fulton, Grand Detour, Harmon, Hillsdale, Lee Center, Lyndon, Milledgeville, Morrison, Nelson, New Bedford, Ohio, Oregon, Paw Paw, Polo, Prophetstown, Rochelle, Rock Falls, Sterling, Sycamore, Tampico, Walnut, Woosung | Bureau (portion that borders Whiteside County), Carroll(portion that borders Whiteside), Lee, Ogle(the part that borders Lee County), Whiteside | ABR | Wherever you are in your life's journey, we are here to help! We believe in the Golden Rule- treat others as you would like to be treated. |
| Desiree | 17800 | Aledo, Andalusia, Annawan, Bettendorf, Buffalo, Carbon Cliff, Coal Valley, Colona, Cordova, Davenport, Durant, Moline, Eldridge, Geneseo, Hampton, Illinois City, Le Claire, Milan, Moline, Port Byron, Princeton, Rapids City, Riverdale, Rock Island, Silvis, Taylor Rdge, Walcott | Clinton, Henry, Mercer, Rock Island, Scott | NAR ePro | Honesty, communication, and hard work are the keys to success in real estate. By always putting the client's needs first and maintaining a high level of integrity, we aim to build lasting relationships and provide exceptional service. Every transaction is unique, and it's our job to listen, understand, and navigate clients through the process with skill and professionalism. |
| Jodi | 17631 | Bismarck, Catlin, Champaign, Cayuga, Covington, Danville, Fairmount, Fithian, Georgetown, Hoopeston, Indianola, Muncie, Oakwood, Olivet, Ridgefarm, Sidell, Urbana, Westville | Champaign | with the market as it is, but usually it is 50% | We are large enough to serve, and small enough to care |
| Gary | 8063 | Algonquin, Arlington Heights, Barrington, Buffalo Grove, Cary, Dundee, Elgin, Franklin Park, Geneva, Glencoe, Grayslake, Hoffman Estates, Inverness, Killdeer, Long Grove, Mount Prospect, Mt Prospect, Morton Grove, Niles, Norridge, Park Ridge, Roselle, Schaumburg, Schaumburg Township, Schiller Park, Winnetka | Dupage, Cook, Mchenry, Kane and Lake | We believe in the get by giving philosophy. | |
| Marilyn | 3986 | Aroma Park, Ashkum, Beaverville, Bonfield, Bourbonnais, Bradley, Cabery, Chatsworth, Chebanse, Clifton, Gilman, Herscher, Kankakee, Manteno, Martinton, Momence, Monee, St Anne, Watseka | Kankakee, Iroquois | ABR, GRI | Whether you're buying a home, selling a home or just want to know more about Real Estate, you've come to the right place. We're ready to serve you, and assist in all your real estate needs. |
| Sarah | 8147 | Algonquin, Arlington Heights, Bartlett, Bloomingdale, Buffalo Grove, Carol Stream, Carpentersville, Downers Grove, Elgin, Fox River Grove, Geneva, Hampshire, Lake Zurich, McHenry, Schaumburg, Schaumburg Township, St Charles, Saint Charles, St. Charles, Palatine | Cook, DuPage, Kane, Lake, McHenry | Ranked among the top 3 RE/MAX Realtors in Illinois, Closed over 415 Homes in the Past 12 Months! Featured on the cover of the nationwide edition of Top Agent magazine, Featured Cover Story in Chicago Agent Magazine, Voted Best Team in Illinois by Chicago Agent Magazine, Inducted into the RE/MAX Hall of Fame, Recipient of Chairmanâs Club, Executive Club, 100% Club, Five Star Agent Award through Chicago Magazine, WCKG AM/FM Radio Appearance: | We believe that every client at every price point deserves the same level of service and marketing. Our proactive approach ensures we will make your purchase or sale a smooth, enjoyable process. |
| Nancy Jo | 8207 | Collinsville, Columbia, Edwardsville, Fairview Heights, O'Fallon, Maryville, Mascoutah, Millstadt, St Louis, Saint Louis, St. Louis, Scott AFB, Southwestern Illinois, Swansea, Shiloh, Troy | Clinton, Madison, Monroe, Randolph, St Clair | We here at Strano and Associates Real Estate have been assisting people in buying and selling homes in Southern Illinois since 1981. In that time, we've earned a reputation for providing Superior Service - and getting the results our clients and customers want. Most important, people have come to know us for our honesty and integrity. Our real estate professionals are able to provide you with full service real estate services for home buyers and home sellers throughout Southern Illinois. | |
| Kimberly | 8377 | Dakota, Freeport, Lanark, Lena, Mt Morris, Oregon, Pecatonica, Polo, Ridott, Rock City, Rock Falls, Sterling, Stockton, Winnebago | OGLE, STEPHENSON, CARROLL, JO DAVIESS, WINNEBAGO | 'EXPERIENCE, POWER & KNOWLEDGE" | |
| Diane | 9016 | Addison, Antioch, Alsip, Aurora, Amboy, Addison, Algonquin, Batavia, Bellwood, Bartlett, Bensenville, Berwyn, Bolingbrook, Bur Ridge, Bloomingdale, Burbank, Blue Island, Bourbonnais, Barrington, South Barrington, Chicago, Chicago Heights, Chicago Ridge, Crystal lake, Cary, Country Side, Crest Hill, Crestwood, Carpentersville, Carol Stream, Dolton, DuPage, Dixon, Downers Grove, Darien, Dundee, Elgin, Elburn, Evanston, Frankfurt, Franklin Park, Flossmoor, Glen Ellyn, Geneva, Glendale Heights, Glen Ellyn, Grayslake, Gurnee, Geneva, Hinsdale, Hinkley, Hanover Park, Hazel Crest, Hoffman Estates, Hodgkins, Homewood, Hillside, Inverness, Itasca, Joliet, Lemont, Lisle, Lasalle, Lombard, Lockport, Lyons, Montgomery, Maywood, McHenry, Mokena, Monee, Markham, Matteson, Machesney Park, Midlothian, Melrose Park, Morris, Millbrook, Morton Grove, Niles, Naperville, North Aurora, North Chicago, Newark, Oswego, Oak Brook, Olympia Fields, Oak Brook Terrace, Oak Park, Oregon, Orland Park, Ottawa, Oak lawn, Plano, Peru, Plainfield, Romeoville, Rockford, Shorewood, Saint Charles, St Charles, St. Charles, Skokie, Stone Park, Sheridan, South Elgin, Streamwood, Schiller Park, Schaumburg, Schaumburg Township, Sandwich, Streator, Sugar Grove, Tinley Park, University Park, Vernon Hills, Villa Park, Waukegan, Wauconda, Westmont, West Chicago, Winfield, Warrenville, Wheaton, Wheeling, Westchester, Waterman, Woodridge, Willowbrook, Yorkville, Zion | Boone, Cook, DuPage, DeKalb, Grundy, Kane, Kendall, Lake, Lasalle, McHenry, and Will | Not just selling homes but changing lives | |
| Luis | 9182 | Berwyn, ChicagoMetro, Cicero, Forest View, North Riverside, Riverside, Stickney, Summit, Oak Park, Oak Lawn, | Cook, Dupage | "Love, Serve Care" the motto that has truly yielded outstanding results! With 10 years in the real estate industry, Luis Ortiz continues to flourish as one of the Top Agents in the Illinois market! His dedication & determination to succeed exudes in his customer service and ever growing track record! With a team of 10 by his side, his knowledge base continues to flourish while a making difference in the community! Clients are seen as family, not just a transaction! | |
| Carolyn | 10425 | Bartonville, Brimfield, Chillicothe, Dunlap, East Peoria, Edwards, Elmwood, Metamora, Morton, Peoria, Princeville, Washington, | PEORIA, WOODFORD, TAZEWELL, KNOX | GRI, CRS, RRC | I love life and I am addicted to real estate. There is nothing more I would rather do than to work on weekends or holidays to find the rightful home for my buyers. I love marketing homes to achieve a high price in a short amount of time. Most of my homes sell within 62 days. All my clients may call me direct at (309) 696-0761. I believe in working for the highest good for all of my clients. |
| Cara | 10865 | IL:Beecher, Chicagometro, Chicagometro Heights, Crete, Flossmoor, Frankfort, Grant Park, Homer Glen, Homewood, Lansing, Lemont, Lynwood, Manteno, Matteson, Mokena, Momence, Monee, New Lenox, Olympia Fields, Orland Park, Peotone, Richton Park, South Chicago Heights, South Holland, Steger, Tinley Park IN: Cedar Lake, Crown Point, Dyer, Lowell, Munster, Schererville, St. John | Cook, Will, Lake (IN) | Our personal philosophy is to have raving fans. We want our clients to be so happy with our service they tell all their family & friends. | |
| Kelly | 11330 | Alsip, Berwyn, Bolingbrook, Brookfield, Burbank, Bridgeview, Chicago, Cicero, Forest View, Hickory Hills, Hinsdale, Joliet, Justice, LaGrange, LaGrange Highlands, Palos Heights, Palos Hills, Palos Park, Shorewood, Stickney, Summit, Oak Lawn, Western Springs, Willow Springs, Worth | Cook, DuPage, Will | CSC, PSA, SRS, e-Pro | I provide exceptional personal service for my client's at every turn and deliver quality results. I believe communication is extremely important and pride myself on excellent communication with my client's throughout the process and thereafter. |
| Teresa | 12586 | Anna,Benton,Buncomb, Carbondale, Carterville, Christopher, Coulterville, Creal Springs, Desoto, DuQuoin, Eldorado, Elkville, Energy, Goreville, Harrisburg, Herrin, Johnston City, Jonesboro, Marion, Mount Vernon, Mulkeytown, Murphysboro, Royalton, Sesser, Thompsonville, Valier, West Frankfort, Zeigler, | Franklin, Jackson, Johnson, Perry, Saline, Williamson,Union | GRI, SFR, CRS, e-Pro, GREEN | We help each other out to serve our clients in the best possible. way. The Best Move You can make! |
| Dana | 12927 | Ashland, Springfield, Riverton, Sherman, Rochester, Chatham, Pleasant Plains | Sangamon | ABR, GRI, e-PRO | Realty makes YOUR DREAMS REALiTY! |
| Scott | 12964 | Springfield, Jacksonville, New Berlin. All surrounding. | Morgan, Sangamon, Scott, Cass, Pike, Menard. | Managing Broker | I try and build a relationship built on trust and my experience representing a buyer or seller. This is a service business and I try to work around the buyer or seller schedule as much as possible. |
| Lawrence | 13046 | Antioch, Algonquin, Arlington Heights, Barrington, Bartlett, Buffalo Glenview, Chicago, Crystal Lake, Deerfield, Elgin, Evanston, Fort Sheridan, Fox Lake, Fox River Grove, Glencoe, Great Lakes, Grove, Gurnee, Highland Park, Highwood, Hinsdale, Hoffman Estates, Lincolnshire, Lake Zurich, Kenilworth, Lake Forest, Lake Bluff, Libertyville, Mount Prospect, Mundelein, North Chicago, Oak Brook, Orland Park, Palatine, Park Ridge, Rockford, Round Lake, Rolling Meadows, Schaumburg, Skokie, Streamwood, Vernon Hills, Wadsworth, Waukegan, Wauconda, Wayne, Western Springs, Wilmette, Winnetka, Woodstock, Zion | Cook, Dupage, Lake, Will | Larry loves people! That is apparent on your 1st conversation with him. He wants to learn not just what kind of property you would like, but Larry wants to learn about his clients! He wants to know about their family, what they like to do, what are their hopes for the future? There is a psychological aspect to finding the perfect property and location for clients; that is what Larry can uncover! Along with his gregarious personality, he will negotiate the BEST deal possible. His loyalty has and will ALWAYS be what is in his clients best interests! | |
| Edward | 14806 | Antioch, Chain O' Lakes, Fox Lake, Genoa City, Grayslake, Gurnee, Ingleside, Johnsburg, Lake Forest, Lake Geneva, Lake Villa, Libertyville, Lindenhurst, Long Grove, McHenry, Paddock Lake, Pleasant Prairie, Randall, Salem Lakes, Silver Lake, Spring Grove, Trevor, Wilmot | Kenosha, Lake, McHenry, Walworth Kenosha and Walworth are in Wisconsin and Lake and McHenry are in Illinois. | I have been licensed in both IL and WI for over 25 years. I am very honest and informative with my clients and make sure they are fully informed every step of the way. | |
| Denise | 14876 | Brookfield, Chicago, Countryside, Park Ridge, Westchester | Cook, Du Page, Will | PSA | Making connections to move you! |
| Steven | 14931 | Algonquin, Barrington, Cary, Crystal Lake, Elgin, Grayslake, Island Lake, Johnsburg, Kildeer, Lakewood, Lakemoor, Lake in the hills, Mchenry, Northbrook, Prospect Heights, Round lake, Veron Hills, Wauconda, Volo | Cook,Kane, Lake,McHenry,Winnebago | Always go up and above for my clients. | |
| Carol | 19102 | Champaign, Tuscola | Douglas | ABR, GRI, SFR, MRP, SRS | Who we are⦠We understand that there are many other realtors out there, but we believe we stand head and shoulders above them all when it comes to personal service and customer satisfaction. No one is more personable or has more fun when it comes to Real Estate in Central Illinois! |
| Brian | 15461 | Altamont, Beecher City, Dieterich, Edgewood, Effingham, Mason, Montrose, Shumway, Sigel, Stewardson, Teutopolis, Watson, Greenup, Hazel Dell, Casey, Westfield, Mattoon, Charleston, Jewett, Toledo, Hidalgo, Martinsville | Clay, Coles, Cumberland, Effingham, Fayette, Shelby | C2EX | We are here for you from Start to Finish! |
| Rhonda | 15476 | Alma, Centralia, Dix, Farina, Flora, Iuka, Kinmundy, Mt. Vernon, Odin, Patoka, Salem, Sandoval, Walnut Hill, Woodlawn, Xenia | Clinton, Franklin, Fayette, Jefferson, Marion, Washington | In the Real Estate business, experience is everything. With over 35 years experience, I have either done it or witnessed it. From the high interest rates of the 1980's to the recent foreclosure crisis. If you need a professional that can guide you through the confusing and sometimes frustrating world of Real Estate, give me a call. | |
| Diane | 15540 | Ahtens, Centennial Park, Chatham, Jerome, Lake Springfield, Leland Grove, North Gate, Oak Park, Panther Creek, Piper Glenn, Springfield | Sangamon, Morgan | Designated Managing Broker | Our company was founded on a commitment to professionalism and customer service that continues to be the core of our business philosophy.We believe in empowering people to make the best real estate decisions possible. |
| Chase | 16515 | Burr Ridge, Chicagometro, Clarendon Hills, Darien, Downers Grove, Elmhurst, Geneva, Glen Ellyn, Hazel Crest, Hinsdale, La Grange, Lemont, Lisle, Oak Brook, St. Charles, Westmont, Woodridge, Yorkville | Cook, DuPage, Kane, Lake | Luxury Homes Certification (LHC), Certified Residential Specialist (CRS) | Compass is building the first modern real estate platform, pairing the industryâs top talent with technology to make the search and sell experience intelligent and seamless. |
| Carl | 16693 | Aviston, Albers, Belleville, Breese, Carlyle, Edwardsville, Fairview Heights, Greenville, Highland, Mascoutah, Nashville, Ofallon, Okawville, Troy | Bond, Clinton, Madison, St. Clair, Washington | If you are in the market to buy or sell a home, please feel free to contact me via your preferred method. I promise to remain diligent and to help you to achieve your goal of buying or selling | |
| Meghan | 17710 | Carbondale, Carterville, Crainville, Creal Springs, Energy, Herrin, Marion, Murphysboro, West Frankfort | Franklin County, Jackson County, Johnson County, Williamson County | We Never Stop Working For You |
Buying a home in Illinois—what to know.
Navigating the intricacies of homeownership in Illinois entails considering various factors beyond the initial purchase. Here are essential points to keep in mind:
- Property Taxes: Following the acquisition of a home in Illinois, prepare for an additional financial responsibility – property taxes. Renowned for being the second highest in the nation as a percentage of property value, it is prudent to request the seller’s most recent property tax bill to gauge the impending obligation accurately.
- Dual Agency: Dual agency is permissible in Illinois, allowing your agent to represent both you and the seller. However, this arrangement presents an inherent conflict of interest. It is at your discretion whether to agree to such an arrangement and if you do, a consent form is required.
- Seller’s Disclosure: Sellers must complete a 23-question disclosure form, revealing known defects. While valuable, it doesn’t replace a home inspection, as it only covers issues known to the seller.
- Closing Costs: Closing costs in Illinois neared $6,000 in 2021. Notably, buyers may not shoulder all costs; sellers in Chicago might cover a portion of real estate transfer taxes. A clear understanding of closing cost distribution is crucial for effective budgeting.
- Attorneys: Recommended for Illinois buyers: Although not required, hiring a real estate attorney is wise. Their expertise ensures smooth contract preparation, proper title transfer, and safeguards against legal complications.
- Climate and Weather Considerations: Illinois’s scenic waters (Illinois River, Chicago River, Lake Michigan) pose flood risks, and its Midwest location exposes it to tornadoes. Prioritize comprehensive homeowners insurance to shield your home from these environmental challenges.
Illinois buyers agents provide Key Tips for Homebuyers in Illinois in 2024:
From the wealth of real life experiences, prospective homebuyers in Illinois can glean invaluable insights to enhance their property purchasing journey:
- Preparation is Key: Financial Preparedness for Homebuying. Understand your financial standing by assessing income, expenses, and overall health. Secure a mortgage pre-approval for purchasing power clarity and a streamlined transaction. Be keenly aware of budget limits for a realistic approach, preventing financial strain and ensuring a smoother buying process.
- Flexibility and Patience: Navigating the Illinois real estate market requires flexibility and patience. Being open to diverse properties and neighborhoods unveils opportunities and hidden gems.
- Seek Professional Advice: Navigating Real Estate – When dealing with legalities, taxes, or mortgages in real estate, seek help from professionals like agents, advisors, and consultants. Their expertise ensures informed decisions and smooth navigation through potential challenges.
- Stay Informed: Empowering Decision-Making Through Knowledge – In a dynamic real estate market, staying informed with Illinois Buyers Agents is crucial for well timed and informed decisions. Regular updates ensure decisions align with market conditions, enhancing the success of the home buying experience.
Is Now a Good Time to Buy a House in Illinois?
Given the present dynamics of the housing market in Illinois, prospective buyers might encounter hurdles such as scarce inventory and escalating prices. Nevertheless, the determination to purchase a home hinges on individual circumstances. Seek guidance from a skilled REALTOR® to navigate challenges and assess the opportune moment for home ownership.
Implications and Trends
The robust increase in median home values underscores the attractiveness of the Illinois real estate market. Homes sell rapidly, averaging 11 days to pending status, with a surge in new listings, showcasing a dynamic market.
Furthermore, the median sale to list ratio of 1.000 as of October 31, 2023, suggests a balanced equilibrium between listing prices and actual sale prices. This fosters confidence among both buyers and sellers.
The percentage of sales over list price at 41.9% means that many homes are being sold for more than their listed prices, showing a competitive market. Conversely, the 44.1% of sales under list price implies opportunities for buyers seeking favorable deals.
Illinois Housing Market Forecast for 2024
The Fourth Quarter of 2023 housing forecast for Illinois, unveiled to Illinois Buyers Agents, highlights key upcoming trends.
Median Price Projections: Projections for the median price in Q4 2023 indicate a robust increase, foreseeing an annual growth rate of 8.6%. This emphasizes that home prices are going up, which could affect different aspects of the real estate market.
Sales Forecast: In contrast to the optimistic outlook for median prices, the sales forecast for Q4 2023 paints a different picture, revealing a negative trend with annual rates of change ranging from -8.8% to -11.9%. This suggests that home sales might slow down across the state, leading to a need for a closer look at the reasons behind this decline.
Regional Variances in Sales: The forecast delves into regional disparities in sales performance, anticipating decreases in nine Metropolitan Statistical Areas (MSAs) across Illinois. Notable declines are foreseen in Bloomington-Normal (-10.4% to -14.1%), Champaign-Urbana (-8.6% to -11.7%), and the Chicago PMSA (-11.0% to -14.9%). Understanding these regional nuances is crucial for informed decision-making by buyers and sellers.
Conversely, Rockford emerges as an exception, with a forecasted minimal change in sales ranging from 0.4% to 0.5%. This unique situation warrants exploration to discern the factors contributing to stability in this particular MSA. Analyzing these projections further equips stakeholders in the Illinois real estate market with valuable insights for the coming months.