Home Values

Chicago Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$186,900

  • 1.9% 1-year change
  • 1.0% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Chicago Metro is $186,900. Chicago Metro home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in Chicago Metro is None. The median rent price in Chicago Metro is $1,557, which is higher than the Illinois median of $1,509.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Chicago Metro is 7.3%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Chicago Metro homeowners underwater on their mortgage is 25.1%, which is higher than Illinois at 23.9%.

Read more
Relative ZHVI
- +

Chicago Metro Market Overview

Data through Mar 31, 2015
  • $186,900 ZHVI
  • 1.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $207,500 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Chicago Metro Market Health

Data through Mar 31, 2015
  • 0.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • 139 Average days on Zillow (Feb 28, 2015)
  • 25.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Cities in Chicago Metro

Name Median ZHVI
Naperville $355,700
Plainfield $199,000
Chicago $182,300
Name Median ZHVI
Aurora $138,600
Elgin $138,000
Joliet $113,000
Name Median ZHVI
Cicero $102,300
Waukegan $89,300
Gary $65,200

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $141 Median sale price / sq ft
  • No data Listings with price cut
39.1%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Chicago Metro Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,604 Chicago Metro
    $1,446 Illinois
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,557 Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading