US housing market report · August 2026

The state of the Illinois housing market.

Median home value and city-by-city trends across Illinois, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.

Illinois median value

$198K

Zillow ZHVI, August 2026

Cities covered

22

with published pages

Report video

Monthly

per city, on each hub

12-month outlook · data through August 2026

Where are Illinois home values headed?

Current typical value

$197,608

Zillow ZHVI median, August 2026

Past 12 months

+7.0%

change in the median

12 months out

$210,000

if the recent trend continues

Trend projection from the past 12 months, not a prediction. Actual values depend on mortgage rates, inventory, and local conditions.

Where values are climbing

Fastest appreciating Illinois cities

  1. $1.01MUp13.4%
  2. $214KUp11.8%
  3. $472KUp10.7%
  4. $1.21MUp10.7%
  5. $579KUp9.6%
  6. $174KUp8.9%
  7. $371KUp7.3%
  8. $308KUp6.8%
  9. $157KUp5.8%
  10. $637KUp5.1%

Where the market is cooling

Fastest cooling Illinois cities

  1. $123KDown9.8%
  2. $42KDown0.8%
  3. $230KUp0.1%
  4. $183KUp1.3%
  5. $394KUp1.6%
  6. $187KUp2.7%
  7. $336KUp3.3%
  8. $207KUp4.1%
  9. $420KUp4.4%
  10. $335KUp4.6%

Priciest markets in the state

Most expensive Illinois cities by median value

  1. $1.21M
  2. $1.01M
  3. $637K
  4. $579K
  5. $472K
  6. $420K
  7. $394K
  8. $371K
  9. $353K
  10. $336K

Common questions

What people ask us.

Methodology & attribution

Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Illinois, as of August 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Illinois market index.