The typical economic impact of a home sale in Illinois is $75,100, according to the National Association of REALTORS®. That figure includes:

  • $20,400 in income generated from real estate industries,
  • $4,700 in expenditures related to home purchases,
  • $12,100 multiplier effect of housing related expenditures
  • $37,900 in new home construction.

The real estate industry accounted for $143.5 billion or 16.6 percent of the gross state product in 2020. For more information visit: bit.ly/Economic_Impact_2020 and bit.ly/Home_Sale_Economic_Impact_2020