See the 25 Counties with the highest average home values below:
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The average Illinois home price is very…average
By: Caitlin Wilson
Home values represent a lot of things: the desirability of a neighborhood, a life-longinvestment, a market health indicator (and how cool the house is), and Illinois home prices are no different. According to Trulia.com, a real estate listing and searching website, Illinois has the 27th-highest average listing price for houses on the market (at $300,332) out of all 50 states and the District of Columbia, as of May 28.
Listing prices do not tell the whole story of home value, only the amount a seller has initially asked for in exchange for the property. According to the website Investopedia, land value, “implications for investment” and inherent quality over style are the most important factors when it comes to determining the value of a home.
Proving that location, location, location really is important, Hawaii has the highest average listing price in the country at $997,981, followed closely by Washington, D.C. and then New York, California and Massachusetts. Iowa has the lowest average listing price at $184,931. Some of Illinois’ Midwestern neighbors round out the bottom 5–Ohio, Indiana, Kansas and Arkansas.
View an interactive map to see every states’ average list price and national rank here.