US housing market report · July 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

$199K

Zillow ZHVI, July 2026

Cities covered

22

with published pages

Report video

Monthly

per city, on each hub

12-month outlook · data through July 2026

Where are Illinois home values headed?

Current typical value

$198,857

Zillow ZHVI median, July 2026

Past 12 months

+7.4%

change in the median

12 months out

$213,000

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. $214KUp12.5%
  2. $1.01MUp12.3%
  3. $475KUp10.6%
  4. $1.22MUp9.9%
  5. $174KUp9.3%
  6. $580KUp8.8%
  7. $373KUp7.1%
  8. $312KUp6.9%
  9. $159KUp6.5%
  10. $642KUp5.1%

Where the market is cooling

Fastest cooling Illinois cities

  1. $121KDown9.9%
  2. $232KFlat0.0%
  3. $41KUp0.2%
  4. $188KUp1.0%
  5. $397KUp1.5%
  6. $185KUp2.1%
  7. $340KUp2.4%
  8. $339KUp4.1%
  9. $318KUp4.2%
  10. $423KUp4.2%

Priciest markets in the state

Most expensive Illinois cities by median value

  1. $1.22M
  2. $1.01M
  3. $642K
  4. $580K
  5. $475K
  6. $423K
  7. $397K
  8. $373K
  9. $358K
  10. $340K

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 July 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.