Chicago housing market: median home price and forecast
Chicago home prices: in September 2026 the Zillow Home Value Index valued the typical Chicago, Illinois home at $334,108, +5.6% on a year earlier and no month on record was higher.
- Value of a typical home
- $334,108September 2026, Zillow ZHVI
- Change over 12 months
- Since September 2025: +5.6%.
Chicago home prices since 2000
Chicago is the steel line; the United States is the grey line. The typical Chicago home rose from $149,969 in January 2000 to $334,108, ×2.23, while the US gained ×2.99 over the same months. Prices peaked during the boom in April 2007 at $286,990 and bottomed out in June 2012 at $170,090, −40.7%.
Chicago median home price, year by year
Each year is the average of its twelve monthly values; for 2026 the latest month is shown.
| Year | Chicago | Change on the year | United States |
|---|---|---|---|
| 2000 | $155,406 | $125,745 | |
| 2001 | $173,410 | +11.6% | $134,899 |
| 2002 | $190,610 | +9.9% | $144,276 |
| 2003 | $208,213 | +9.2% | $155,308 |
| 2004 | $229,440 | +10.2% | $169,891 |
| 2005 | $256,233 | +11.7% | $189,732 |
| 2006 | $280,063 | +9.3% | $206,531 |
| 2007 | $285,039 | +1.8% | $208,449 |
| 2008 | $268,679 | −5.7% | $195,574 |
| 2009 | $230,149 | −14.3% | $177,542 |
| 2010 | $209,513 | −9.0% | $171,462 |
| 2011 | $187,532 | −10.5% | $162,508 |
| 2012 | $172,410 | −8.1% | $161,137 |
| 2013 | $184,285 | +6.9% | $171,420 |
| 2014 | $209,241 | +13.5% | $182,996 |
| 2015 | $222,433 | +6.3% | $192,738 |
| 2016 | $235,729 | +6.0% | $204,509 |
| 2017 | $247,223 | +4.9% | $216,767 |
| 2018 | $259,152 | +4.8% | $230,541 |
| 2019 | $261,506 | +0.9% | $242,088 |
| 2020 | $269,216 | +2.9% | $257,151 |
| 2021 | $291,087 | +8.1% | $295,959 |
| 2022 | $302,612 | +4.0% | $340,014 |
| 2023 | $299,348 | −1.1% | $348,160 |
| 2024 | $309,586 | +3.4% | $359,751 |
| 2025 | $315,886 | +2.0% | $362,959 |
| September 2026 | $334,108 | +5.6% | $366,157 |
What a home bought in Chicago in any year is worth today
An index-based estimate of a typical home, not an appraisal.
Each year's figure averages its twelve monthly index values; the current value is September 2026. Other options: home appreciation calculator.
Thinking about selling? See how local agents compare on Realtor.com. Advertising disclosure: this site may be paid for links like that one, but it never changes a number. Disclosure.
Chicago housing market forecast
Starting September 2026, Zillow's forecast puts the Chicago, IL metro up +2.7% over 12 months, and +1.1% for the three months ahead. Starting from Chicago's typical value of $334,108, the forecast points to a figure near $343,100 after one year.
This forecast comes from Zillow's own central estimate for the metro, restated here; no forecast of its own is published by the site. Forecasts over 12 months like this one have typically landed several percentage points away from the realised change, in both directions. This is not investment advice.
All metro forecasts in one table: housing market forecast.
Chicago housing market crash risk score
9 out of 100, low
The score uses five conditions seen high before past price falls to rank Chicago against the 292 cities. Every input is placed between 0 and 100 by comparison with the other cities, and the five positions then carry the same weight in the average. It shows today's conditions and does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −60.2% | 2 | 20% |
| Days on the market vs 2019 | −29.4% | 3 | 20% |
| Price-to-rent ratio | 12.0 | 8 | 20% |
| Price-to-income ratio | 4.1 | 31 | 20% |
| 12-month price change | +5.6% | 3 | 20% |
Nothing here is investment advice. How each input is scored: methodology. Every one of the 292 cities ranked: crash risk by city.
Chicago inventory and days on market
In September 2026 the Chicago, IL metro counted 15,929 homes listed for sale, −5.3% versus a year earlier and −60.2% versus the same month in 2019. Selling took a median of 36 days per listing (−29.4% against 2019), and 16.3% of them came with a price cut.
| Chicago, IL metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 15,929 | −5.3% |
| New listings | 8,962 | |
| Median days on market | 36 | −4.0% |
| Median list price | $389,450 | +4.6% |
| Share with a price cut | 16.3% |
Metro inventory from Realtor.com® Economic Research. Realtor.com data. See every metro: days on market by city.
What it costs to live in Chicago
Asking rent in Chicago typically comes to $2,311 a month, +5.7% compared with a year earlier, based on the Zillow Observed Rent Index. The typical home works out at 12.0 years of that rent. Median household income comes to $80,613 (Census ACS 2024), which makes the typical home 4.1 times a year's income. According to BEA, metro prices stand at 103.6 where the US average is 100, while housing costs reach 112.0.
For rent, prices, and the salary required to move there, see Chicago cost of living.
Other Illinois housing markets
- Naperville at $618,458.
- Rockford at $185,067.
- Peoria at $136,279.
Across the state: the Illinois housing market.
How to read this chart
Every point shows the Zillow Home Value Index for Chicago, which measures a typical home in the market's middle third after smoothing and seasonal adjustment, using the dollars of that month. A hollow dot shows the month picked on the slider, while a terracotta dot shows the latest month. Inflation is not factored into these figures, and an index tracks the typical home rather than one particular house. To work out what a single home is worth, use its own sale price with the appreciation calculator or the card above it.