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

Written by:
May 29, 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.

In April, the typical home value in the United States was $359,402—4.4% 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 fastest-growing home prices in the Chicago metro area using Zillow data. Cities are ranked by their one-year price change as of April 2024.

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Stacker

#30. Wayne, IL

- 1-year price change: +$44,227 (+6.9%)
- 5-year price change: +$182,932 (+36.3%)
- Typical home value: $687,366 (#23 most expensive city in metro)
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Stacker

#29. North Barrington, IL

- 1-year price change: +$44,239 (+6.3%)
- 5-year price change: +$191,189 (+34.4%)
- Typical home value: $746,599 (#18 most expensive city in metro)
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Stacker

#28. Inverness, IL

- 1-year price change: +$44,289 (+6.6%)
- 5-year price change: +$147,251 (+26.0%)
- Typical home value: $714,227 (#21 most expensive city in metro)
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Stacker

#27. Geneva, IL

- 1-year price change: +$45,046 (+10.2%)
- 5-year price change: +$139,810 (+40.5%)
- Typical home value: $485,338 (#53 most expensive city in metro)
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Stacker

#26. Deer Park, IL

- 1-year price change: +$45,776 (+7.1%)
- 5-year price change: +$168,947 (+32.5%)
- Typical home value: $688,626 (#22 most expensive city in metro)
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Stacker

#25. New Lenox, IL

- 1-year price change: +$45,832 (+12.6%)
- 5-year price change: +$122,479 (+42.6%)
- Typical home value: $409,841 (#79 most expensive city in metro)
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Stacker

#24. Hawthorn Woods, IL

- 1-year price change: +$46,096 (+7.5%)
- 5-year price change: +$166,588 (+33.8%)
- Typical home value: $659,022 (#25 most expensive city in metro)
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Stacker

#23. Lake Bluff, IL

- 1-year price change: +$47,495 (+9.3%)
- 5-year price change: +$129,855 (+30.4%)
- Typical home value: $557,022 (#36 most expensive city in metro)
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Stacker

#22. Glen Ellyn, IL

- 1-year price change: +$48,534 (+10.4%)
- 5-year price change: +$119,512 (+30.1%)
- Typical home value: $516,169 (#45 most expensive city in metro)
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Stacker

#21. Kildeer, IL

- 1-year price change: +$48,710 (+6.6%)
- 5-year price change: +$183,670 (+30.6%)
- Typical home value: $783,355 (#16 most expensive city in metro)
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Stacker

#20. Burr Ridge, IL

- 1-year price change: +$49,723 (+7.0%)
- 5-year price change: +$148,542 (+24.3%)
- Typical home value: $760,257 (#17 most expensive city in metro)
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Stacker

#19. Deerfield, IL

- 1-year price change: +$50,798 (+10.1%)
- 5-year price change: +$120,302 (+27.7%)
- Typical home value: $554,630 (#37 most expensive city in metro)
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Stacker

#18. South Barrington, IL

- 1-year price change: +$51,766 (+5.3%)
- 5-year price change: +$226,198 (+28.5%)
- Typical home value: $1,019,393 (#8 most expensive city in metro)
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Stacker

#17. Lincolnshire, IL

- 1-year price change: +$51,805 (+8.5%)
- 5-year price change: +$146,027 (+28.5%)
- Typical home value: $658,586 (#26 most expensive city in metro)
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Stacker

#16. Clarendon Hills, IL

- 1-year price change: +$52,148 (+9.4%)
- 5-year price change: +$127,868 (+26.7%)
- Typical home value: $606,480 (#28 most expensive city in metro)
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Stacker

#15. Campton Hills, IL

- 1-year price change: +$54,155 (+10.0%)
- 5-year price change: +$188,014 (+46.1%)
- Typical home value: $595,598 (#30 most expensive city in metro)
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Stacker

#14. Kenilworth, IL

- 1-year price change: +$54,253 (+3.3%)
- 5-year price change: +$509,980 (+43.7%)
- Typical home value: $1,677,333 (#1 most expensive city in metro)
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Stacker

#13. Barrington Hills, IL

- 1-year price change: +$55,560 (+6.2%)
- 5-year price change: +$225,500 (+31.0%)
- Typical home value: $952,589 (#9 most expensive city in metro)
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Stacker

#12. Naperville, IL

- 1-year price change: +$57,052 (+11.2%)
- 5-year price change: +$160,853 (+39.7%)
- Typical home value: $565,587 (#33 most expensive city in metro)
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Stacker

#11. Mettawa, IL

- 1-year price change: +$57,181 (+7.5%)
- 5-year price change: +$198,569 (+32.2%)
- Typical home value: $815,741 (#15 most expensive city in metro)
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Stacker

#10. Riverwoods, IL

- 1-year price change: +$58,057 (+7.2%)
- 5-year price change: +$186,268 (+27.6%)
- Typical home value: $862,341 (#12 most expensive city in metro)
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Stacker

#9. Dune Acres, IN

- 1-year price change: +$61,908 (+7.4%)
- 5-year price change: +$281,212 (+45.5%)
- Typical home value: $898,908 (#10 most expensive city in metro)
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Stacker

#8. Hinsdale, IL

- 1-year price change: +$70,110 (+7.1%)
- 5-year price change: +$160,989 (+18.1%)
- Typical home value: $1,052,415 (#6 most expensive city in metro)
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Stacker

#7. Golf, IL

- 1-year price change: +$71,587 (+7.4%)
- 5-year price change: +$249,194 (+31.6%)
- Typical home value: $1,038,476 (#7 most expensive city in metro)
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Stacker

#6. Long Grove, IL

- 1-year price change: +$71,848 (+9.3%)
- 5-year price change: +$216,565 (+34.5%)
- Typical home value: $843,785 (#13 most expensive city in metro)
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Stacker

#5. Oak Brook, IL

- 1-year price change: +$74,270 (+9.3%)
- 5-year price change: +$189,069 (+27.7%)
- Typical home value: $871,041 (#11 most expensive city in metro)
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Stacker

#4. Lake Forest, IL

- 1-year price change: +$74,384 (+7.5%)
- 5-year price change: +$253,176 (+31.3%)
- Typical home value: $1,061,353 (#5 most expensive city in metro)
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Stacker

#3. Winnetka, IL

- 1-year price change: +$78,166 (+5.5%)
- 5-year price change: +$436,769 (+40.9%)
- Typical home value: $1,505,147 (#2 most expensive city in metro)
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Stacker

#2. Bannockburn, IL

- 1-year price change: +$84,208 (+8.5%)
- 5-year price change: +$260,474 (+31.8%)
- Typical home value: $1,079,172 (#4 most expensive city in metro)
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Stacker

#1. Glencoe, IL

- 1-year price change: +$96,300 (+8.0%)
- 5-year price change: +$386,984 (+42.1%)
- Typical home value: $1,305,894 (#3 most expensive city in metro)

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.

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