Cities with the fastest-growing home prices in the Chicago metro area

Written by:
November 22, 2024
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Cities with the fastest-growing home prices in the Chicago metro area

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $358,761 in November, 2.3% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the most expensive homes in the Chicago-Naperville-Elgin, IL-IN-WI metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

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Stacker

#30. Village of Lakewood, IL

- 1-year price change: +$36,713 (+7.3%)
- 5-year price change: +$195,459 (+56.3%)
- Typical home value: $542,889 (#41 most expensive city in metro)

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Stacker

#29. Northbrook, IL

- 1-year price change: +$36,816 (+6.3%)
- 5-year price change: +$147,007 (+31.3%)
- Typical home value: $617,141 (#28 most expensive city in metro)

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Stacker

#28. Deer Park, IL

- 1-year price change: +$38,487 (+5.9%)
- 5-year price change: +$196,391 (+39.8%)
- Typical home value: $689,282 (#23 most expensive city in metro)

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Stacker

#27. Clarendon Hills, IL

- 1-year price change: +$39,281 (+6.9%)
- 5-year price change: +$151,087 (+33.1%)
- Typical home value: $607,059 (#30 most expensive city in metro)

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Stacker

#26. Northfield, IL

- 1-year price change: +$41,000 (+5.7%)
- 5-year price change: +$187,286 (+32.9%)
- Typical home value: $756,378 (#19 most expensive city in metro)

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Stacker

#25. Wayne, IL

- 1-year price change: +$42,272 (+6.5%)
- 5-year price change: +$205,731 (+42.3%)
- Typical home value: $692,564 (#22 most expensive city in metro)

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Stacker

#24. Hawthorn Woods, IL

- 1-year price change: +$42,465 (+6.8%)
- 5-year price change: +$199,685 (+42.4%)
- Typical home value: $670,390 (#26 most expensive city in metro)

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Stacker

#23. Campton Hills, IL

- 1-year price change: +$42,723 (+7.5%)
- 5-year price change: +$213,807 (+53.6%)
- Typical home value: $612,467 (#29 most expensive city in metro)

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Stacker

#22. Lake Bluff, IL

- 1-year price change: +$42,776 (+8.0%)
- 5-year price change: +$164,860 (+39.9%)
- Typical home value: $578,402 (#35 most expensive city in metro)

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Stacker

#21. North Barrington, IL

- 1-year price change: +$43,006 (+5.9%)
- 5-year price change: +$236,358 (+44.0%)
- Typical home value: $773,038 (#17 most expensive city in metro)

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Stacker

#20. Wilmette, IL

- 1-year price change: +$44,255 (+5.6%)
- 5-year price change: +$218,399 (+35.1%)
- Typical home value: $841,127 (#15 most expensive city in metro)

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#19. Lincolnshire, IL

- 1-year price change: +$44,931 (+7.2%)
- 5-year price change: +$183,500 (+37.7%)
- Typical home value: $670,650 (#25 most expensive city in metro)

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Stacker

#18. Deerfield, IL

- 1-year price change: +$45,109 (+8.4%)
- 5-year price change: +$160,607 (+37.9%)
- Typical home value: $584,592 (#34 most expensive city in metro)

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Stacker

#17. Inverness, IL

- 1-year price change: +$45,146 (+6.7%)
- 5-year price change: +$186,940 (+34.9%)
- Typical home value: $722,627 (#21 most expensive city in metro)

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Stacker

#16. Kildeer, IL

- 1-year price change: +$45,730 (+6.1%)
- 5-year price change: +$216,696 (+37.6%)
- Typical home value: $792,673 (#16 most expensive city in metro)

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Stacker

#15. Burr Ridge, IL

- 1-year price change: +$46,046 (+6.4%)
- 5-year price change: +$178,681 (+30.5%)
- Typical home value: $763,761 (#18 most expensive city in metro)

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Stacker

#14. Bull Valley, IL

- 1-year price change: +$46,551 (+8.5%)
- 5-year price change: +$191,583 (+47.4%)
- Typical home value: $596,160 (#33 most expensive city in metro)

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Stacker

#13. Highland Park, IL

- 1-year price change: +$47,907 (+7.6%)
- 5-year price change: +$204,482 (+43.4%)
- Typical home value: $675,151 (#24 most expensive city in metro)

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Stacker

#12. Mettawa, IL

- 1-year price change: +$52,340 (+6.5%)
- 5-year price change: +$254,393 (+41.9%)
- Typical home value: $861,519 (#12 most expensive city in metro)

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Stacker

#11. Oak Brook, IL

- 1-year price change: +$52,506 (+6.6%)
- 5-year price change: +$207,359 (+32.2%)
- Typical home value: $851,033 (#14 most expensive city in metro)

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Stacker

#10. South Barrington, IL

- 1-year price change: +$55,515 (+5.6%)
- 5-year price change: +$286,962 (+38.1%)
- Typical home value: $1,039,574 (#8 most expensive city in metro)

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Stacker

#9. Riverwoods, IL

- 1-year price change: +$57,557 (+6.9%)
- 5-year price change: +$240,944 (+37.0%)
- Typical home value: $892,769 (#10 most expensive city in metro)

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Stacker

#8. Barrington Hills, IL

- 1-year price change: +$59,726 (+6.6%)
- 5-year price change: +$273,477 (+39.2%)
- Typical home value: $970,766 (#9 most expensive city in metro)

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Stacker

#7. Bannockburn, IL

- 1-year price change: +$62,782 (+5.9%)
- 5-year price change: +$343,739 (+43.9%)
- Typical home value: $1,127,256 (#4 most expensive city in metro)

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Stacker

#6. Long Grove, IL

- 1-year price change: +$63,255 (+7.8%)
- 5-year price change: +$266,680 (+44.2%)
- Typical home value: $870,294 (#11 most expensive city in metro)

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Stacker

#5. Hinsdale, IL

- 1-year price change: +$68,359 (+6.7%)
- 5-year price change: +$243,973 (+28.9%)
- Typical home value: $1,087,354 (#5 most expensive city in metro)

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#4. Lake Forest, IL

- 1-year price change: +$70,685 (+7.1%)
- 5-year price change: +$309,904 (+40.9%)
- Typical home value: $1,067,363 (#6 most expensive city in metro)

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#3. Winnetka, IL

- 1-year price change: +$85,752 (+5.8%)
- 5-year price change: +$516,201 (+49.4%)
- Typical home value: $1,562,071 (#2 most expensive city in metro)

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Stacker

#2. Glencoe, IL

- 1-year price change: +$90,953 (+7.2%)
- 5-year price change: +$460,594 (+51.2%)
- Typical home value: $1,359,747 (#3 most expensive city in metro)

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Stacker

#1. Kenilworth, IL

- 1-year price change: +$108,500 (+6.3%)
- 5-year price change: +$646,847 (+54.8%)
- Typical home value: $1,828,264 (#1 most expensive city in metro)

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