Illinois Seller Closing Cost Calculator

Published on June 6th, 2025

Closing Cost Calculator for Illinois: Seller Averages

This free calculator can help home sellers in Illinois estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Prairie State, enter the information for each of the input fields above. You can see typical or state averages for most Illinois seller closing costs below.

Home Selling Price: $286,000

How does your home compare to the state’s median selling price of $286,000? To determine your listing price, you can:

Get a preliminary estimate with HomeLight’s free Home Value Estimator
Request a Comparative Market Analysis (CMA) from a top Illinois agent
Purchase a pre-listing home appraisal (typically $550 in Illinois)
Visit this HomeLight map link to compare recently sold homes in Illinois

Mortgage Payoff Amount: $197,904

According to the credit experts at Experian, the average mortgage balance for Illinois homeowners is $197,904. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.

Listing Agent Fee: $7,150–$8,580

A typical listing agent commission in Illinois is 2.5% to 3% of the home’s selling price. On a $286,000 house, your agent’s fee might range from $7,150–$8,580.

Get the Highest Proceeds: HomeLight data shows that the top 5% of agents sell homes faster and for up to 10% more than average agents. Try HomeLight’s free Agent Match platform to consult with the highest-performing agents in your Illinois market.

Buyer’s Agent Fee: $7,150–$8,580

In the past, sellers covered both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the National Association of Realtors, buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers, on a $286,000 median-priced Illinois home, you can expect to pay $7,150–$8,580.

Detailed Closing Costs: $8,008

Closing costs in Illinois average about 2.8% of the home’s sale price. On a median-priced home of $286,000, you might pay around $8,008, possibly more, possibly less. Below are some of the typical types of closing costs and expenses you can expect:

Home Preparations: Curb appeal is a great way to make a good first impression. You’ll want to stage the home, clean it thoroughly, and landscape if possible.
Renovations/Repairs: Fixing or updating your property will help keep it in line with the competition.
Title Service Fees: Title company work required to verify legal ownership and help manage the transfer of the property. These are usually paid for by the buyer in Illinois, though sellers can cover this as a concession.
Owner’s Title Insurance: A one-time insurance premium paid by the seller to protect the buyer from title issues or ownership disputes.
Transfer Taxes: Illinois home sellers pay a transfer tax rate of $0.50 for every $500 of the property’s value. (See more below.)
Recording Fees: Fees paid to the local government to officially record the change in property ownership.
Buyer Incentives: Credits or concessions you might offer buyers, such as paying the buyer’s agent fees or offering a rate buydown.
Other Costs: Miscellaneous expenses not covered in other categories, such as attorney fees and HOA transfers. (An attorney is not required to sell a house in Illinois.)
Moving Expenses: While not actually a closing cost, you should include this expense in your budget, as it can impact your bottom line. These can range from $883 to $7,000.

The Illinois transfer tax is levied at a rate of $0.50 for each $500 of value or fraction thereof. Sellers are required to pay it.

Make Buying and Selling Easier: Most Illinois sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.

More Helpful Seller Tools From HomeLight

Here are some additional tools you may find helpful as you plan your Illinois home sale:

Want to avoid closing costs and sell fast? Get a cash offer today.

With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer in 24 hours and close in as few as 10 days. Answer a few questions about your Illinois home to get started. Along with your offer, you’ll also see an estimate of what a top Illinois agent might be able to get for your home. Get both options with one tool.

As you look ahead to your next home purchase, here are some helpful buyer tools:

At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.