Chicago, IL housing market
The typical Chicago home is worth about $334,000, up 5.2% in a year, 12% above the Illinois typical home. Homes typically sell in 47 days, a little above asking.
Home values, sales, trends and how Chicago compares with the towns next door — updated as new data is published.
Chicago at a glance
A seller's market
Supply is tight — about 2.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Chicago | Illinois |
|---|---|---|
| 2017 | $244,000 | $181,000 |
| 2018 | $256,000 | $190,000 |
| 2019 | $262,000 | $195,000 |
| 2020 | $265,000 | $200,000 |
| 2021 | $283,000 | $215,000 |
| 2022 | $298,000 | $236,000 |
| 2023 | $298,000 | $248,000 |
| 2024 | $307,000 | $263,000 |
| 2025 | $316,000 | $278,000 |
| 2026 | $323,000 | $290,000 |
| August 2026 | $334,000 | $298,000 |
Chicago and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Chicago | $334K | +5.2% | 47 | $77,902 |
| Rosemont | $401K | +12.8% | — | $63,517 |
| Worth | $280K | +4.8% | — | $77,966 |
| Schiller Park | $316K | +8.8% | 53 | $69,696 |
| Niles | $421K | +7.9% | — | $97,280 |
| Stickney | $298K | +4.8% | — | $78,454 |
| Park Ridge | $598K | +9.4% | 38 | $142,986 |
4.3 years of income
The typical Chicago home costs about 4.3 years of the town's median household income, more than across Illinois (3.6 years).
How Chicago ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Chicago
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.