Market Intelligence · IL
Illinois home prices and housing market.
Real market data across 26 cities and 126 ZIP markets in IL. The typical home is worth about $195K.
Updated September 2026Typical value$195K
The typical home value in Illinois is $195K as of September 2026, up 6.4% from a year ago, based on the Zillow Home Value Index. In the typical Illinois ZIP code, the median list price is $235K and homes spend a median of 43 days on market as of September 2026 (Realtor.com).
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Prices over time
Illinois home prices over time
Typical home values in Illinois are up 6.4% over the past year, from $183K in September 2025 to $195K in September 2026.
| Month | Typical value | 1-yr change |
|---|---|---|
| September 2026 | $194,737 | +6.4% |
| September 2025 | $182,957 | No prior year |
Typical value is the median Zillow Home Value Index across Illinois ZIP codes, taken in September of each year so every row compares the same month.
Market balance
Is Illinois a buyer's or seller's market?
Illinois leans toward a seller's market.
Relatively few listings have cut their asking price, which usually gives sellers the stronger position.
Based on a median of 43 days on market and 8% of listings with a price cut in the typical Illinois ZIP code, and 11,952 new listings against 22,765 active listings across Illinois, as of September 2026 (Realtor.com).
The outlook
Illinois housing market forecast 2027
+2.9%
Weighted average of Zillow's ZIP forecasts, 12 months to September 2027
A weighted average of Zillow's ZIP forecasts, across 886 Illinois ZIP codes, points to typical home values rising 2.9% by September 2027.
Over the 12 months through September 2026, typical home values in Illinois rose 6.4%, per the Zillow Home Value Index.
Will home prices drop in Illinois?
The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Illinois shows typical home values rising 2.9% by September 2027, after a 6.4% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.
How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 886 Illinois ZIP codes have both figures.
Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
Market board
Which Illinois markets have the highest home values?
As of September 2026
- 1Lake Forest, IL$1,231,162Up11.0%1 ZIP market; open the Lake Forest, IL market page
- 2Wilmette, IL$1,007,052Up13.9%1 ZIP market; open the Wilmette, IL market page
- 3Naperville, IL$629,436Up5.1%4 ZIP markets; open the Naperville, IL market page
- 4Evanston, IL$579,006Up9.9%3 ZIP markets; open the Evanston, IL market page
- 5Oak Park, IL$465,449Up10.3%3 ZIP markets; open the Oak Park, IL market page
- 6Hoffman Estates, IL$427,693Up6.9%2 ZIP markets; open the Hoffman Estates, IL market page
- 7Crystal Lake, IL$427,248Up5.1%2 ZIP markets; open the Crystal Lake, IL market page
- 8Skokie, IL$420,500Up6.3%2 ZIP markets; open the Skokie, IL market page
- 9Algonquin, IL$415,406Up4.3%1 ZIP market; open the Algonquin, IL market page
- 10Plainfield, IL$392,406Up1.7%1 ZIP market; open the Plainfield, IL market page
- 11Westchester, IL$368,929Up7.3%1 ZIP market; open the Westchester, IL market page
- 12Schaumburg, IL$350,094Up4.6%4 ZIP markets; open the Schaumburg, IL market page
- 13Chicago, IL$334,866Up3.6%56 ZIP markets; open the Chicago, IL market page
- 14Hanover Park, IL$333,281Up4.8%1 ZIP market; open the Hanover Park, IL market page
- 15Elgin, IL$314,550Up4.9%3 ZIP markets; open the Elgin, IL market page
- 16Chatham, IL$307,432Up6.7%1 ZIP market; open the Chatham, IL market page
- 17Joliet, IL$227,031Flat0.0%5 ZIP markets; open the Joliet, IL market page
- 18Orangeville, IL$217,014Up11.7%1 ZIP market; open the Orangeville, IL market page
- 19Champaign, IL$204,107Up3.6%3 ZIP markets; open the Champaign, IL market page
- 20Carbondale, IL$195,190Up6.6%3 ZIP markets; open the Carbondale, IL market page
- 21Belleville, IL$181,278Up0.6%4 ZIP markets; open the Belleville, IL market page
- 22Brussels, IL$177,902Up3.2%1 ZIP market; open the Brussels, IL market page
- 23Rockford, IL$172,540Up8.7%8 ZIP markets; open the Rockford, IL market page
- 24Windsor, IL$155,676Up4.8%1 ZIP market; open the Windsor, IL market page
- 25Peoria, IL$120,943Down9.4%8 ZIP markets; open the Peoria, IL market page
- 26East St. Louis, IL$38,975Down2.3%6 ZIP markets; open the East St. Louis, IL market page
Typical value is the median Zillow home value (ZHVI) across each city's ZIP codes, as of September 2026. 1-yr change compares that median to the same ZIPs a year earlier. More IL markets publish as their data clears editorial QA.
Zillow ZHVI, September 2026
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Cities
Pick a city.
- Lake Forest1 ZIP
- Wilmette1 ZIP
- Naperville4 ZIPs
- Evanston3 ZIPs
- Oak Park3 ZIPs
- Hoffman Estates2 ZIPs
- Crystal Lake2 ZIPs
- Skokie2 ZIPs
- Algonquin1 ZIP
- Plainfield1 ZIP
- Westchester1 ZIP
- Schaumburg4 ZIPs
- Chicago56 ZIPs
- Hanover Park1 ZIP
- Elgin3 ZIPs
- Chatham1 ZIP
- Joliet5 ZIPs
- Orangeville1 ZIP
- Champaign3 ZIPs
- Carbondale3 ZIPs
- Belleville4 ZIPs
- Brussels1 ZIP
- Rockford8 ZIPs
- Windsor1 ZIP
- Peoria8 ZIPs
- East St. Louis6 ZIPs
Common questions
Questions about Illinois home prices.
What is the typical home price in Illinois?
The typical home price in Illinois is about $195K as of September 2026, based on the Zillow Home Value Index (the median of the index across Illinois ZIP codes). In the typical Illinois ZIP code, the median list price is $235K as of September 2026 (Realtor.com), which reflects what sellers are asking rather than what homes sell for.
Are home prices going up or down in Illinois?
Typical home values in Illinois are up 6.4% over the past year, based on the Zillow Home Value Index as of September 2026.
Is Illinois a buyer's or seller's market?
Illinois leans toward a seller's market. Relatively few listings have cut their asking price, which usually gives sellers the stronger position. Based on a median of 43 days on market and 8% of listings with a price cut in the typical Illinois ZIP code, and 11,952 new listings against 22,765 active listings across Illinois, as of September 2026 (Realtor.com).
How long do homes take to sell in Illinois?
In the typical Illinois ZIP code, homes spend a median of 43 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.
The market is moving