Illinois housing-market dispatches
City- and metro-level reads across Illinois, from The Pecan Street Index.
Bloomington, IL · 2026-06-29
Bloomington sale-to-list dropped below 1.0 — 99.0%
Typical closed deal now prints below list; buyers have real negotiating room for the first time in this market's recent cycle.
Chicago Naperville Elgin, IL · 2026-06-29
Oak Park avg sale price crossed $500K — now $581K
Crossing $500K is a narrative hinge — buyer shopping-by-price bands and seller list-price anchoring both reset when a market moves past a round number.
Peoria, IL · 2026-06-29
Peoria median price -8.5% YoY
Price-per-sqft also -5.6% YoY, confirming real depreciation vs. mix-shift noise.
Rockford, IL · 2026-06-29
Rockford homes taking 14 days to sell — +133.3% vs. a year ago
Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.