🏘️ Housing market · data to Aug 2026
Is now a good time to buy a home in Illinois?
The typical home value in Illinois is $300K as of Aug 2026 (Zillow Home Value Index), up 5.4% from a year earlier. Over five years prices have compounded at +5.2% a year. Prices are 1.3% below their 10-year trend line.
$300K
Typical home value
+5.4%
1-year change
+1.4%
12-month outlook
46/100
Buy-timing score
ACCUMULATE
ACCUMULATE — prices are near fair value with a modest expected change (+1.4% over 12 months). Buy opportunistically and negotiate on price. Seasonally, prices tend to be softest around Feb 2027.
Best price windowFeb 2027model estimate
Illinois price trend & forecast
+4.7%
3-year CAGR
+5.2%
5-year CAGR
+0.0%
From peak
-1.3%
vs 10-yr trend
+11.4%
Momentum (annualised)
Cities in Illinois ranked by buy-timing score
| City | Typical value | 1Y change | 5Y CAGR | 12M outlook | Signal | Buy-timing |
|---|---|---|---|---|---|---|
| Chicago Heights | $179K | +3.1% | +4.8% | +0.7% | WAIT | 60/100 |
| Dolton | $160K | +4.0% | +2.1% | +0.1% | WAIT | 60/100 |
| Harvey | $110K | +3.2% | +3.2% | +2.1% | WAIT | 60/100 |
| Park Forest | $162K | +5.1% | +5.0% | +1.6% | WAIT | 60/100 |
| Morton Grove | $461K | +9.7% | +6.7% | +7.7% | BUY | 57/100 |
| Geneva | $558K | +7.2% | +7.2% | +5.0% | BUY | 56/100 |
| Lemont | $597K | +7.5% | +6.1% | +5.2% | BUY | 56/100 |
| Saint Charles | $484K | +6.6% | +7.0% | +4.7% | BUY | 54/100 |
| Lansing | $204K | +1.6% | +4.3% | -0.5% | WAIT | 54/100 |
| Huntley | $430K | +3.1% | +5.3% | +2.1% | ACCUMULATE | 54/100 |
| Yorkville | $412K | +2.9% | +6.4% | +2.1% | ACCUMULATE | 54/100 |
| East Saint Louis | $37K | -2.6% | -3.5% | +0.2% | WAIT | 54/100 |
| Elgin | $342K | +4.8% | +6.1% | +2.4% | ACCUMULATE | 53/100 |
| Bloomington | $272K | +2.1% | +6.9% | +3.4% | BUY | 53/100 |
| Danville | $84K | +3.7% | +1.7% | +2.6% | WAIT | 53/100 |
| Streamwood | $337K | +5.0% | +5.9% | +2.8% | ACCUMULATE | 53/100 |
| Carpentersville | $299K | +4.9% | +6.4% | +2.5% | ACCUMULATE | 53/100 |
| Batavia | $474K | +5.8% | +6.1% | +3.9% | BUY | 53/100 |
| Highland Park | $817K | +10.7% | +7.9% | +7.7% | ACCUMULATE | 53/100 |
| Oak Forest | $307K | +6.1% | +4.7% | +2.3% | ACCUMULATE | 53/100 |
| Matteson | $277K | +3.8% | +3.6% | +0.7% | WAIT | 53/100 |
| Alsip | $280K | +5.9% | +5.0% | +2.1% | ACCUMULATE | 53/100 |
| Bartlett | $446K | +4.4% | +5.2% | +2.9% | ACCUMULATE | 52/100 |
| Frankfort | $507K | +3.8% | +5.7% | +1.9% | ACCUMULATE | 52/100 |
| Melrose Park | $327K | +7.0% | +4.4% | +2.6% | ACCUMULATE | 52/100 |
| Lake in the Hills | $383K | +4.3% | +6.9% | +2.2% | ACCUMULATE | 52/100 |
| Franklin Park | $330K | +8.1% | +5.6% | +3.0% | ACCUMULATE | 52/100 |
| Plainfield | $431K | +1.8% | +5.1% | +0.5% | ACCUMULATE | 51/100 |
| Cicero | $283K | +5.8% | +4.7% | +1.9% | WAIT | 51/100 |
| Orland Park | $417K | +6.6% | +5.1% | +2.6% | ACCUMULATE | 51/100 |
| Tinley Park | $340K | +5.0% | +5.0% | +1.9% | ACCUMULATE | 51/100 |
| Hoffman Estates | $412K | +6.7% | +6.4% | +4.1% | BUY | 51/100 |
| Grayslake | $377K | +5.8% | +6.3% | +3.4% | BUY | 51/100 |
| Lake Forest | $1.26M | +11.6% | +8.0% | +7.6% | ACCUMULATE | 51/100 |
| Arlington Heights | $501K | +9.1% | +6.7% | +6.1% | BUY | 50/100 |
| Bolingbrook | $375K | +3.4% | +5.4% | +1.2% | ACCUMULATE | 50/100 |
| Palatine | $396K | +6.9% | +5.9% | +4.4% | BUY | 50/100 |
| Romeoville | $323K | +2.7% | +5.4% | +0.7% | ACCUMULATE | 50/100 |
| Edwardsville | $332K | +4.8% | +5.0% | +1.1% | ACCUMULATE | 50/100 |
| Elmwood Park | $364K | +7.0% | +4.2% | +2.9% | ACCUMULATE | 50/100 |
| Maywood | $266K | +9.0% | +4.3% | +1.4% | WAIT | 50/100 |
| South Holland | $234K | +0.3% | +3.2% | -0.6% | WAIT | 50/100 |
| Roscoe | $319K | +8.4% | +8.0% | +3.5% | BUY | 50/100 |
| Cary | $386K | +5.8% | +6.4% | +3.1% | BUY | 50/100 |
| Blue Island | $212K | +6.2% | +5.0% | +1.1% | WAIT | 50/100 |
| Minooka | $376K | +4.0% | +5.9% | +1.4% | ACCUMULATE | 50/100 |
| Shorewood | $417K | +2.5% | +4.4% | +0.7% | ACCUMULATE | 50/100 |
| Aurora | $326K | +3.5% | +6.2% | +1.4% | ACCUMULATE | 49/100 |
| Oak Lawn | $303K | +6.1% | +4.8% | +1.8% | ACCUMULATE | 49/100 |
| Normal | $269K | +0.2% | +5.5% | +1.4% | ACCUMULATE | 49/100 |
| Oswego | $425K | +3.5% | +6.8% | +1.3% | ACCUMULATE | 49/100 |
| New Lenox | $458K | +3.0% | +6.9% | +2.3% | ACCUMULATE | 49/100 |
| Montgomery | $335K | +3.7% | +5.7% | +1.4% | ACCUMULATE | 49/100 |
| Lockport | $375K | +4.1% | +4.8% | +1.5% | ACCUMULATE | 49/100 |
| Mokena | $463K | +4.8% | +5.8% | +1.8% | ACCUMULATE | 49/100 |
| Homer Glen | $533K | +4.5% | +5.0% | +1.7% | ACCUMULATE | 49/100 |
| Joliet | $271K | +1.4% | +5.2% | +0.7% | WAIT | 48/100 |
| Glenview | $706K | +11.0% | +6.0% | +5.9% | BUY | 48/100 |
| Woodstock | $337K | +4.0% | +5.9% | +1.1% | WAIT | 48/100 |
| Algonquin | $421K | +4.3% | +6.3% | +1.7% | ACCUMULATE | 48/100 |
| Burbank | $318K | +5.9% | +5.0% | +1.2% | ACCUMULATE | 48/100 |
| Wilmette | $1.03M | +14.6% | +7.3% | +7.3% | ACCUMULATE | 48/100 |
| Rolling Meadows | $342K | +7.6% | +6.8% | +3.8% | BUY | 48/100 |
| Sycamore | $324K | +4.2% | +5.9% | +1.8% | ACCUMULATE | 48/100 |
| South Elgin | $378K | +4.9% | +5.6% | +1.1% | ACCUMULATE | 48/100 |
| Naperville | $630K | +4.5% | +6.6% | +2.5% | ACCUMULATE | 47/100 |
| Quincy | $184K | +4.5% | +2.8% | +1.5% | ACCUMULATE | 47/100 |
| Hanover Park | $337K | +5.1% | +6.0% | +1.3% | WAIT | 47/100 |
| McHenry | $318K | +5.4% | +5.9% | +1.0% | WAIT | 47/100 |
| Evergreen Park | $296K | +4.6% | +4.8% | +1.3% | WAIT | 47/100 |
| Chicago | $337K | +5.9% | +2.5% | +2.1% | ACCUMULATE | 46/100 |
| Champaign | $240K | +3.8% | +5.7% | +2.6% | ACCUMULATE | 46/100 |
| Crystal Lake | $387K | +4.4% | +6.2% | +1.4% | WAIT | 46/100 |
| Carol Stream | $387K | +3.8% | +5.6% | +1.3% | WAIT | 46/100 |
| Belvidere | $265K | +6.7% | +7.0% | +1.3% | WAIT | 46/100 |
| Collinsville | $199K | +4.8% | +5.8% | +0.9% | WAIT | 46/100 |
| Glendale Heights | $328K | +4.3% | +6.7% | +1.5% | ACCUMULATE | 46/100 |
| Vernon Hills | $462K | +6.1% | +6.3% | +3.1% | BUY | 46/100 |
| Bloomingdale | $440K | +4.4% | +6.2% | +2.1% | ACCUMULATE | 46/100 |
| Dekalb | $265K | +3.9% | +6.6% | +1.4% | WAIT | 45/100 |
| Gurnee | $385K | +5.4% | +5.8% | +1.4% | ACCUMULATE | 45/100 |
| Antioch | $361K | +6.5% | +6.4% | +1.5% | WAIT | 45/100 |
| Homewood | $254K | +4.8% | +4.7% | -0.2% | WAIT | 45/100 |
| Springfield | $173K | +6.4% | +5.3% | +3.1% | BUY | 44/100 |
| Skokie | $438K | +8.4% | +5.9% | +2.9% | ACCUMULATE | 44/100 |
| Loves Park | $205K | +7.2% | +7.9% | +1.9% | WAIT | 44/100 |
| Des Plaines | $362K | +7.3% | +5.9% | +2.1% | ACCUMULATE | 43/100 |
| Buffalo Grove | $451K | +6.1% | +6.2% | +2.7% | ACCUMULATE | 43/100 |
| Wheeling | $320K | +4.5% | +6.5% | +1.1% | WAIT | 43/100 |
| Niles | $427K | +8.6% | +6.0% | +3.2% | BUY | 43/100 |
| Libertyville | $640K | +8.2% | +6.2% | +4.1% | BUY | 43/100 |
| Freeport | $131K | +5.4% | +6.7% | +0.9% | WAIT | 43/100 |
| Marion | $183K | +2.7% | +4.3% | +0.3% | WAIT | 43/100 |
| Alton | $105K | +3.7% | +2.6% | -0.3% | WAIT | 43/100 |
| Zion | $256K | +6.6% | +8.2% | +1.1% | WAIT | 43/100 |
| Dixon | $182K | +5.7% | +5.5% | +1.5% | WAIT | 43/100 |
| Morris | $317K | +3.0% | +4.6% | +0.3% | WAIT | 43/100 |
| Sterling | $147K | +4.4% | +4.5% | +0.8% | WAIT | 43/100 |
| Machesney Park | $213K | +9.9% | +8.7% | +2.6% | WAIT | 43/100 |
| Peoria | $139K | +5.1% | +7.3% | +3.5% | WAIT | 42/100 |
| Wheaton | $518K | +5.3% | +5.9% | +2.4% | ACCUMULATE | 42/100 |
| Berwyn | $323K | +6.3% | +4.4% | +1.0% | WAIT | 42/100 |
| Northbrook | $721K | +10.3% | +6.5% | +4.4% | BUY | 42/100 |
| Mundelein | $392K | +5.7% | +5.9% | +1.4% | WAIT | 42/100 |
| Glen Ellyn | $583K | +6.3% | +6.6% | +2.9% | ACCUMULATE | 42/100 |
| Round Lake Beach | $262K | +5.7% | +7.1% | +0.6% | WAIT | 42/100 |
| Ottawa | $217K | +5.4% | +6.0% | +1.2% | WAIT | 42/100 |
| Bensenville | $354K | +4.5% | +4.8% | +0.8% | WAIT | 42/100 |
| Waukegan | $250K | +6.9% | +7.5% | +0.8% | WAIT | 41/100 |
| Schaumburg | $363K | +4.9% | +5.1% | +0.9% | WAIT | 41/100 |
| West Chicago | $393K | +4.4% | +4.4% | +0.5% | WAIT | 41/100 |
| Woodridge | $417K | +3.5% | +4.9% | +0.6% | WAIT | 41/100 |
| Brookfield | $366K | +8.5% | +5.6% | +2.4% | WAIT | 41/100 |
| Belleville | $161K | +0.4% | +3.4% | -1.2% | WAIT | 40/100 |
| Elmhurst | $650K | +9.2% | +5.5% | +2.7% | ACCUMULATE | 40/100 |
| Park Ridge | $605K | +10.0% | +5.7% | +3.2% | BUY | 40/100 |
| Addison | $383K | +3.8% | +4.5% | +0.2% | WAIT | 40/100 |
| Bourbonnais | $303K | +5.1% | +6.0% | -0.4% | WAIT | 40/100 |
| Westmont | $415K | +4.2% | +4.7% | +0.9% | WAIT | 40/100 |
| Darien | $462K | +4.3% | +4.9% | +0.8% | WAIT | 40/100 |
| Deerfield | $667K | +7.7% | +7.0% | +3.6% | BUY | 40/100 |
| Evanston | $498K | +8.9% | +4.4% | +2.4% | ACCUMULATE | 39/100 |
| Downers Grove | $513K | +5.9% | +5.8% | +2.1% | WAIT | 39/100 |
| Mount Prospect | $459K | +8.0% | +6.1% | +2.5% | ACCUMULATE | 39/100 |
| Urbana | $209K | +5.0% | +5.7% | +1.1% | WAIT | 39/100 |
| Lisle | $435K | +3.5% | +5.2% | +0.7% | WAIT | 39/100 |
| Roselle | $385K | +3.9% | +5.7% | +0.6% | WAIT | 39/100 |
| Mattoon | $133K | +5.7% | +4.6% | +1.8% | WAIT | 39/100 |
| Rockford | $188K | +9.7% | +9.4% | +1.1% | WAIT | 38/100 |
| Lombard | $391K | +5.1% | +4.8% | +0.6% | WAIT | 38/100 |
| Washington | $237K | +5.6% | +6.1% | +1.6% | ACCUMULATE | 38/100 |
| Charleston | $171K | +5.2% | +5.5% | +0.7% | WAIT | 38/100 |
| Villa Park | $362K | +4.2% | +5.3% | -0.3% | WAIT | 36/100 |
| Moline | $151K | +2.5% | +2.1% | -1.3% | WAIT | 35/100 |
| Pekin | $145K | +6.3% | +7.1% | +2.3% | WAIT | 35/100 |
| Carbondale | $148K | +5.6% | +6.0% | +1.5% | WAIT | 35/100 |
| Centralia | $114K | +6.8% | +4.1% | -1.1% | WAIT | 35/100 |
| Rock Island | $128K | -1.3% | +1.8% | -1.9% | WAIT | 34/100 |
| Oak Park | $492K | +10.6% | +5.0% | +2.2% | WAIT | 32/100 |
| Kankakee | $156K | +3.9% | +6.3% | -2.2% | WAIT | 32/100 |
| East Moline | $151K | +5.3% | +3.8% | -1.3% | WAIT | 32/100 |
| Mount Vernon | $134K | +5.9% | +4.1% | +0.2% | WAIT | 31/100 |
| Jacksonville | $143K | +3.1% | +3.8% | -0.6% | WAIT | 29/100 |
| Galesburg | $107K | +10.5% | +4.5% | -0.9% | WAIT | 20/100 |
| Decatur | $107K | +2.9% | +5.2% | -3.1% | WAIT | 17/100 |
Frequently asked questions
Is now a good time to buy a home in Illinois?
As of Aug 2026, our buy-timing signal for Illinois is ACCUMULATE — prices are near fair value with a modest expected change (+1.4% over 12 months). Buy opportunistically and negotiate on price. Seasonally, prices tend to be softest around Feb 2027. Buy-timing score: 46/100.
Will home prices in Illinois go down in 2027?
The model projects +1.4% over the next 12 months: about $304K by Aug 2027, with an 80% range of $298K–$310K (today $300K). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the average home price in Illinois?
The typical (mid-tier) home value in Illinois is $300K as of Aug 2026, +5.4% year over year.
What is the cheapest time of year to buy in Illinois?
Historically, prices in Illinois run lowest in February, about 2.2% below the annual average, and highest in July.
Which areas in Illinois have the best buy-timing right now?
Highest buy-timing scores: Chicago Heights (60/100, WAIT), Dolton (60/100, WAIT) and Harvey (60/100, WAIT). Fastest-rising prices: Wilmette (+14.6%), Lake Forest (+11.6%) and Glenview (+11.0%).
Other states
Source & method
Data: Zillow Home Value Index (ZHVI) — all homes, mid-tier, raw monthly, monthly, latest Aug 2026. Page regenerated 2026-10-08 22:04 PDT. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.
Housing forecasts are statistical projections with wide uncertainty; local factors (interest rates, supply, school districts, micro-location) can dominate. Not real-estate, mortgage or investment advice.