Spring has officially sprung—and so has the Illinois real estate market. April 2025 brings new trends, legislative changes, and market shifts that every buyer, seller, and investor should have on their radar.
Wilmington Holds Strong Wilmington continues to show promise with 8.4% growth in home values and quicker days on market. For buyers, it's still a relatively affordable option in a tightening market, and sellers here can take advantage of rising prices and strong local demand.
High Home Prices & Increased Inventory Illinois continues to show price resilience, with the median home price reaching $285,000, up 10.9% year-over-year. Meanwhile, home sales rose by 7% in January, with inventory levels climbing as well—great news for buyers and sellers alike.
Best Week to Sell: April 13–19 According to Realtor.com, the week of April 13–19 is the prime window to list your home in 2025. Sellers could benefit from stronger demand, fewer price reductions, and faster closings.
Chicago Sees Surge in Deal Cancellations About 15% of pending sales in Chicago were canceled in January—a sign that buyers are getting cold feet due to price pressures and economic uncertainty. Sellers should be prepared for potential renegotiations or relisting if deals fall through.
New Illinois Law Requires Written Brokerage Agreements As of January 1, 2025, all real estate licensees in Illinois are required to use written brokerage agreements in all real estate transactions. This change enhances clarity and protects all parties involved.
Tenant Protections Expand New laws now protect tenants from landlord retaliation when reporting code violations. This adds another layer of transparency to leasing relationships throughout the state.
Migration Trends Favoring the Midwest As Sunbelt states become more expensive and climate-impacted, the Midwest—including Illinois—is gaining popularity. Expect to see increased demand from out-of-state buyers looking for affordability and lifestyle stability.
Suburban Chicago Rentals Are Red-Hot The Chicago suburbs are among the most competitive rental markets in the U.S. right now. This could push more renters into homeownership—especially if mortgage rates ease later in the year.
Bears Reconsider Arlington Heights Stadium The Chicago Bears are once again considering building their stadium in Arlington Heights, which could lead to increased demand and higher home values in the area if plans move forward.
Final Thoughts April is one of the most strategic months to list or buy. With legislative updates, market momentum, and strong local growth, staying informed is more important than ever.
As a top-performing Illinois real estate agent with access to Zillow Showcase (available to only 10% of agents nationwide), I don’t just follow the data—I help my clients use it to win. Whether you're buying in a growing market like Wilmington or selling during April's prime window, I’ll position you for the best outcome with expert pricing, top-tier marketing, and insider knowledge.
📲 Visit piercysells.com/sellers or call/text 815-205-0395 to get started!
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