According to data from ClosingCorp, the average closing cost in Illinois is $6,529.74 after taxes, or approximately 2.18% to 3.26% of the final home sale price.
Across the state, the average home sells for between $200,000 and $300,000. If you buy a property in that range, expect to pay between $4,353.16 and $9,794.61 in closing costs after taxes.
| Data | Value |
|---|---|
| Average home sale price | $200,000 to $300,000 |
| Average total closing cost | $6,529.74 |
| Expected closing cost range | $4,353.16 to $9,794.61 |
| Percentage of closing cost to home sale price | 2.18% to 3.26% |
Buyers and sellers in Illinois pay an average of $1,635.75 in tax combined for the closing. This accounts for 25.05% of the total average closing cost in Illinois.
| Value | |
|---|---|
| Average tax paid | $1,635.75 |
| Percentage of total closing cost | 25.05% |
The closing costs for buying a home in Illinois are
amongst the nation's highest
after accounting for taxes. It’s 41st
in our rankings which rates states from lowest to highest closing cost.
| Average total closing cost in Illinois | Ranking* | |
|---|---|---|
| Before taxes | $4,893.99 | 6 |
| After taxes | $6,529.74 | 41 |
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Illinois.
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