Home ValuePros

Market Intelligence · IL / Cook County

Skokie, IL home prices and housing market

2 ZIP markets liveData updated September 2026Typical value$421K1-yr changeUp6.3%

The typical home value in Skokie, IL is $421K as of September 2026, up 6.3% from a year ago, based on the Zillow Home Value Index. In the typical Skokie ZIP code, the median list price is $426K and homes spend a median of 31 days on market as of September 2026 (Realtor.com).

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The coverage

Skokie, by the numbers.

Typical home valueZillow ZHVI, September 2026
$421K
1-yr changeMedian across Skokie ZIPs
+6.3%
ZIP markets live
2
County
Cook County

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12-month value trend

+6.3% over 12 months

Typical home value in Skokie over the last 12 months: $396K in Sep 2025 to $421K in Sep 2026 (+6.3%).

Sep 2025$396K

Sep 2026$421K

Median Zillow home value index across Skokie's ZIP codes.

Context

Skokie's housing market is showing steady gains. The typical home value in Skokie is $420,500, up 6.3% over the past year as of September 2026. The median list price sits at $425,850, and homes are moving at a reasonable pace, with a median of 31 days on market. Inventory remains tight, with 93 homes for sale and 56 new listings in September 2026. About 16.5% of listings have taken a price cut, which suggests most sellers are holding close to their asking prices. For a homeowner thinking about selling, the citywide data points to a market that still favors sellers, though pricing correctly from the start matters.

The numbers

What is the housing market like in Skokie, IL?

Typical home value

$421K

Up6.3%YoY

Median list price

$426K

Days on market

31

Homes for sale

93

Price cuts

16.5%

New listings

56

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Skokie's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Skokie, IL home prices over time

Typical home values in Skokie, IL are up 6.3% over the past year, from $396K in September 2025 to $421K in September 2026.

Typical home value in Skokie, IL, September of each year
MonthTypical value1-yr change
September 2026$420,500+6.3%
September 2025$395,752No prior year

Typical value is the median Zillow Home Value Index across Skokie ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Skokie, IL a buyer's or seller's market?

Skokie, IL is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 31 days on market and 17% of listings with a price cut in the typical Skokie ZIP code, and 56 new listings against 93 active listings across Skokie, as of September 2026 (Realtor.com).

The outlook

Skokie housing market forecast 2027

+2.4%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 2 Skokie ZIP codes, points to typical home values rising 2.4% by September 2027.

Over the 12 months through September 2026, typical home values in Skokie rose 6.3%, per the Zillow Home Value Index.

Will home prices drop in Skokie?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Skokie shows typical home values rising 2.4% by September 2027, after a 6.3% 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). 2 Skokie 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.

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Live markets

What ZIP codes are live in Skokie?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

Local pros

Who are the top real estate agents in Skokie?

Top real estate agents in Skokie, IL

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Common questions

Questions about Skokie, IL home prices.

How much is a home in Skokie worth?

The typical home value in Skokie is $420,500 as of September 2026, up 6.3% over the past year. This is a citywide figure, so individual homes will vary based on size, condition, and location.

How fast are homes selling in Skokie?

Homes in Skokie spent a median of 31 days on the market as of September 2026. That indicates buyers are acting within about a month on typical listings.

Are Skokie sellers cutting their prices?

As of September 2026, 16.5% of listings in Skokie had a price cut. Most sellers have not reduced their prices, with the median list price at $425,850.

Are home prices going up or down in Skokie, IL?

Typical home values in Skokie, IL are up 6.3% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Skokie, IL a buyer's or seller's market?

Skokie, IL is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 31 days on market and 17% of listings with a price cut in the typical Skokie ZIP code, and 56 new listings against 93 active listings across Skokie, as of September 2026 (Realtor.com).

How long do homes take to sell in Skokie, IL?

In the typical Skokie ZIP code, homes spend a median of 31 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.

Nearby markets

More Illinois housing markets.

The market is moving

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