Single-family home sales in Illinois continued strong in the fourth quarter, with Realtors reporting 21,600 closings, up 5.1 percent from 20,552 sales in the fourth quarter of 2003, the Illinois Association of Realtors reported today.

In the fourth quarter of 2004, the statewide median price was $184,800, up 7.8 percent from $171,400 during the same period in 2003.

In the Chicagoland Primary Metropolitan Statistical Area (PMSA), fourth-quarter, single-family home sales increased 3.3 percent to 18,810, from 18,201 in the fourth quarter of 2003. The Chicagoland PMSA includes the counties of Cook, DuPage, Lake, McHenry, Kane, Will, Grundy and Kendall. The median price of single-family homes sold in the Chicagoland PMSA increased 9 percent to $241,800 in the fourth quarter of 2004; it was $221,900 in 2003.

Statewide, median home prices in the fourth quarter ranged from $490,800 in the North Shore to $52,500 in the Kewanee area (Mid Valley Association of Realtors). A sample of the areas that reported year-to-year price appreciation in the Chicago metro region include Aurora, up 11.5 percent to $205,200; McHenry County, up 10.2 percent to $243,500; Oak Park, up 14.5 percent to $395,800; Three Rivers (Will and Grundy counties), up 12 percent to $209,800; and West Towns, up 11.5 percent to $212,700. Areas around the state that saw median price increases include Rockford, up 10.9 percent to $124,000; Greater Gateway, up 4.2 percent to $101,700; Bloomington-Normal, up 8.9 percent to $149,200; Quad City Area, up 4 percent to $87,700; Capital Area (Springfield), up 7.9 percent to $95,800; and Peoria area, up 3 percent to $93,700.

Fourth-quarter condo sales across the state were up 7.8 percent to 12,743 condos sold compared to 11,821 in 2003. In the Chicago PMSA, condo sales increased 8.9 percent to 12,116 units sold during the fourth quarter of 2004, compared to 11,129 in the same period of 2003.

Fourth-quarter 2004 condo prices were $192,900 statewide (up 6.3 percent) and $196,900 in the Chicago area (up 6 percent).

The Illinois Association of Realtors is a voluntary trade association whose 50,700 members are engaged in all facets of the real estate industry.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription