Here’s a roundup of what’s new in the Illinois real-estate market (as of December 4, 2025). Things are evolving — and whether you’re thinking of buying, selling, or just watching — there are a few important takeaways.
What’s Happening in Illinois Real Estate
- According to Illinois REALTORS®, statewide home sales rose in October 2025: 11,665 closings — up 2.6% from October 2024. Illinois REALTORS+1
- The statewide median sales price was $301,000 in October 2025, a 5.6% increase from $285,000 in October 2024. Illinois REALTORS
- In the nine-county Chicagoland metro area (relevant for you in Carol Stream), October 2025 home sales rose 2.0% year-over-year; the median price climbed to $369,000 (from $340,000 in Oct 2024) — an 8.5% increase. Illinois REALTORS+1
- However, inventory statewide is still tight: the number of homes for sale in Illinois dropped ~3–4% year-over-year, and in metro-Chicago, the number of listings is down ~6.7% from last year. Illinois REALTORS+1
Bottom line: Demand remains robust and prices continue to rise; but lower inventory means it’s still a competitive market — especially in and around Chicago.
Buyer & Seller Trends — What’s Changing
- Some sources suggest the market is gradually shifting away from the “seller’s-only” dynamic. According to a 2025 market-trends summary, fewer homes are selling above list price, and price reductions are becoming more common — giving buyers a bit more negotiating leverage. AceableAgent+1
- That said, counties/neighborhoods remain quite varied. In many parts of Illinois — especially near major cities or desirable suburbs — supply remains constrained, which supports price increases. Illinois Policy+2Colibri Real Estate School+2
- For sellers: well-priced, well-prepared homes in good condition still tend to sell relatively quickly — particularly in high-demand areas. Mysite 1+1
What This Means for Buyers (Especially Near Carol Stream / Chicagoland)
- If you’re shopping now, expect competition — but also expect slightly more breathing room than the pandemic-peak frenzy (some sellers are adjusting prices, and fewer offers over asking are the norm compared to 2020–2022).
- For suburban buyers (like you): you might find good value compared to central city prices, especially if you act quickly on listings — but affordability will still be challenged by rising medians and limited supply.
- Financing costs (interest rates) remain a major factor influencing affordability, which means timing and rate comparisons will be key.