It’s Easy To Sell Your Illinois House And Leave Quickly

So you're looking to move.  Well, good news if you own a home in Illinois.  You should be able to do it quickly.

Illinois is one of the top states in the country where homes are selling fast.  People are moving around in the state, but also a lot of people are moving out of Illinois.  But if homes are selling, somebody is buying!  Why are Illinois homes selling quickly?

Illinois Population Decline

It's no secret that people are leaving Illinois. In 2023, 83,839 residents left Illinois and moved to other states. This was the 10th consecutive year of population decline for the Land of Lincoln.

But while the population is dropping and people are leaving, there must be enough people moving in and around the state because the homes are selling!

Illinois is the 6th Fastest State To Sell A House

A new study from SoCal Home Buyers reveals, that despite the challenges faced by the real estate industry in a post-pandemic economy homes in some states are selling fast.

According to the National Association of Realtors, existing home sales in June tumbled by as much as 5.4 percent, with the median sales price increasing to the highest ever recorded.

"Real estate is all about timing. In markets where homes sell quickly, being prepared and acting fast can lead to significant gains. Conversely, in slower markets, it's important to have a strategy in place to navigate the longer sales cycles," property investment expert Doug Van Soest, from SoCal Home Buyers, says.  

The Top 10 States With The Fastest Average Time To Sell

1. Rhode Island - 54 days
2. Connecticut - 57 days
3. New Hampshire - 59 days
4. Massachusetts - 60 days
5. New Jersey - 63 days
6. Illinois - 64 days
7. Ohio - 64 days
8. Washington - 64 days
9. Maryland - 65 days
10. Minnesota - 65 days

For those looking to leave the state, you should be able to do it quickly.  For those just looking to move in the state you should be able to do that quickly.  For those looking to buy, don't wait around cause while the population is declining the homes are still selling fast.

The data was collected from https://www.realtor.com/research/data/ taking the average days on the market in each state, then applying 35 days to close on top to determine the average time to sell a house from listing to completion.