Illinois offers a wide variety of property types, from classic Chicago two-flats to sprawling suburban single-family homes. Understanding the differences can help you find the right fit for your lifestyle and budget.
Current Inventory by Property Type
Single Family
62.3%Detached single-family homes, the most common property type in Illinois. Includes ranch, colonial, cape cod, and other architectural styles.
Condo
11.8%Individually owned units within a larger building or complex. Condo owners share common areas and typically pay HOA fees for maintenance.
Ranch
11.7%Single-story homes with an open floor plan. Popular in suburban Illinois for their accessibility and spacious layouts.
Townhouse
8.3%Multi-story homes that share one or two walls with adjacent properties. They offer more space than condos while being more affordable than detached homes.
Bungalow
2.5%Compact 1–1.5 story homes, often with a front porch. A classic Chicago and suburban Illinois architectural style.
Cape Cod
1.5%Compact, symmetrical homes with steep roofs and dormer windows. A classic American architectural style.
Colonial
1.4%Two-story homes with symmetrical design, typically featuring a centered front door and evenly spaced windows.
Split Level
0.5%Homes with staggered floor levels, creating distinct living areas connected by short flights of stairs.
Property Type Comparison
| Type | Listings | Avg. Price | Share |
|---|---|---|---|
| Single Family | 14,764 | $544,019 | 62.3% |
| Condo | 2,788 | $390,727 | 11.8% |
| Ranch | 2,772 | $390,675 | 11.7% |
| Townhouse | 1,973 | $425,073 | 8.3% |
| Bungalow | 583 | $302,196 | 2.5% |
| Cape Cod | 365 | $421,051 | 1.5% |
| Colonial | 333 | $786,815 | 1.4% |
| Split Level | 113 | $446,302 | 0.5% |
Which Property Type Is Right for You?
First-Time Buyers
Condos and townhouses typically offer lower price points and less maintenance responsibility, making them ideal for first-time buyers.
Families
Single-family residential homes provide the most space, privacy, and yard area, ideal for growing families.
Investors
Multi-family properties allow you to live in one unit and rent out others, generating rental income to offset your mortgage.