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
62.4%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
11.1%Single-story homes with an open floor plan. Popular in suburban Illinois for their accessibility and spacious layouts.
Townhouse
8.7%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
2.4%Compact 1–1.5 story homes, often with a front porch. A classic Chicago and suburban Illinois architectural style.
Colonial
1.5%Two-story homes with symmetrical design, typically featuring a centered front door and evenly spaced windows.
Cape Cod
1.5%Compact, symmetrical homes with steep roofs and dormer windows. A classic American architectural style.
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 | 13,971 | $560,431 | 62.4% |
| Condo | 2,648 | $398,056 | 11.8% |
| Ranch | 2,495 | $398,153 | 11.1% |
| Townhouse | 1,957 | $420,935 | 8.7% |
| Bungalow | 536 | $312,092 | 2.4% |
| Colonial | 333 | $808,016 | 1.5% |
| Cape Cod | 328 | $431,803 | 1.5% |
| Split Level | 112 | $447,381 | 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.