The median home in Illinois was worth $280,700 in 2024, up 34% from $209,100 in 2019. Since then, the FHFA house price index for the state has moved +6.0% over the year to 2026 Q2, after averaging +8.3% a year from 2020 to 2025.
Metro areas
| Metro area | Past year (to 2026 Q2) | 2020–2025 average |
|---|---|---|
| Elgin, IL | +6.0% | +9.4%/yr |
| Chicago-Naperville-Schaumburg, IL | +6.2% | +8.1%/yr |
Home values in Illinois's largest cities
| City | 2019 | 2024 | Change |
|---|---|---|---|
| Chicago, IL | $275,200 | $341,200 | +24% |
| Aurora, IL | $211,400 | $289,100 | +37% |
| Naperville, IL | $423,000 | $579,200 | +37% |
| Joliet, IL | $205,600 | $280,500 | +36% |
Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024), median value of owner-occupied homes; FHFA all-transactions house price index for the state and for metro areas, through 2026 Q2. How Predictye calculates this.
Frequently asked questions
What is the median home value in Illinois?
$280,700 in 2024, from the Census Bureau's American Community Survey (owners' estimates).
Are home prices in Illinois going up or down?
The FHFA house price index for Illinois moved +6.0% over the year to 2026 Q2, after averaging +8.3% a year from 2020 to 2025.
How much have Illinois home values risen since 2019?
The median value rose from $209,100 in 2019 to $280,700 in 2024, +34%.