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
- $1.01MUp13.4%
- $214KUp11.8%
- $472KUp10.7%
- $1.21MUp10.7%
- $579KUp9.6%
- $174KUp8.9%
- $371KUp7.3%
- $308KUp6.8%
- $157KUp5.8%
- $637KUp5.1%
Where the market is cooling
Fastest cooling Illinois cities
- $123KDown9.8%
- $42KDown0.8%
- $230KUp0.1%
- $183KUp1.3%
- $394KUp1.6%
- $187KUp2.7%
- $336KUp3.3%
- $207KUp4.1%
- $420KUp4.4%
- $335KUp4.6%
Priciest markets in the state
Most expensive Illinois cities by median value
- $1.21M
- $1.01M
- $637K
- $579K
- $472K
- $420K
- $394K
- $371K
- $353K
- 10Chicago$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.