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
- $214KUp12.5%
- $1.01MUp12.3%
- $475KUp10.6%
- $1.22MUp9.9%
- $174KUp9.3%
- $580KUp8.8%
- $373KUp7.1%
- $312KUp6.9%
- $159KUp6.5%
- $642KUp5.1%
Where the market is cooling
Fastest cooling Illinois cities
- $121KDown9.9%
- $232KFlat0.0%
- $41KUp0.2%
- $188KUp1.0%
- $397KUp1.5%
- $185KUp2.1%
- $340KUp2.4%
- $339KUp4.1%
- $318KUp4.2%
- $423KUp4.2%
Priciest markets in the state
Most expensive Illinois cities by median value
- $1.22M
- $1.01M
- $642K
- $580K
- $475K
- $423K
- $397K
- $373K
- $358K
- 10Chicago$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.