Cities with the most expensive homes in the Chicago metro area

Written by:
November 25, 2024
FOTOGRIN // Shutterstock

Cities with the most expensive homes in the Chicago metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $360,385 in October, 2.4% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Chicago metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 347 cities and towns.

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#30. Clarendon Hills, IL

- Typical home value: $603,725
- 1-year price change: +6.9%
- 5-year price change: +32.4%

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#29. Northbrook, IL

- Typical home value: $613,318
- 1-year price change: +6.0%
- 5-year price change: +29.7%

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#28. Campton Hills, IL

- Typical home value: $615,450
- 1-year price change: +7.6%
- 5-year price change: +52.6%

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#27. River Forest, IL

- Typical home value: $658,320
- 1-year price change: +4.5%
- 5-year price change: +29.0%

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#26. Hawthorn Woods, IL

- Typical home value: $664,303
- 1-year price change: +6.5%
- 5-year price change: +41.3%

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#25. Lincolnshire, IL

- Typical home value: $666,797
- 1-year price change: +6.9%
- 5-year price change: +36.6%

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#24. Highland Park, IL

- Typical home value: $681,400
- 1-year price change: +7.4%
- 5-year price change: +42.0%

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#23. Deer Park, IL

- Typical home value: $683,130
- 1-year price change: +5.7%
- 5-year price change: +38.7%

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#22. Wayne, IL

- Typical home value: $699,583
- 1-year price change: +6.0%
- 5-year price change: +40.5%

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#21. Inverness, IL

- Typical home value: $721,643
- 1-year price change: +6.0%
- 5-year price change: +33.1%

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#20. Northfield, IL

- Typical home value: $735,397
- 1-year price change: +5.3%
- 5-year price change: +31.9%

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#19. Western Springs, IL

- Typical home value: $739,948
- 1-year price change: +4.3%
- 5-year price change: +28.8%

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#18. North Barrington, IL

- Typical home value: $767,576
- 1-year price change: +5.7%
- 5-year price change: +42.7%

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#17. Burr Ridge, IL

- Typical home value: $771,317
- 1-year price change: +6.5%
- 5-year price change: +29.9%

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#16. Kildeer, IL

- Typical home value: $785,698
- 1-year price change: +6.4%
- 5-year price change: +36.8%

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#15. Wilmette, IL

- Typical home value: $840,614
- 1-year price change: +5.0%
- 5-year price change: +33.9%

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#14. Mettawa, IL

- Typical home value: $851,421
- 1-year price change: +5.9%
- 5-year price change: +40.0%

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#13. Long Grove, IL

- Typical home value: $855,869
- 1-year price change: +7.6%
- 5-year price change: +43.0%

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#12. Riverwoods, IL

- Typical home value: $875,017
- 1-year price change: +6.4%
- 5-year price change: +35.7%

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#11. Oak Brook, IL

- Typical home value: $878,313
- 1-year price change: +6.5%
- 5-year price change: +31.1%

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#10. Dune Acres, IN

- Typical home value: $925,596
- 1-year price change: +3.6%
- 5-year price change: +43.7%

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#9. Barrington Hills, IL

- Typical home value: $984,796
- 1-year price change: +6.7%
- 5-year price change: +38.2%

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#8. Golf, IL

- Typical home value: $1,038,860
- 1-year price change: +2.3%
- 5-year price change: +34.7%

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#7. South Barrington, IL

- Typical home value: $1,039,694
- 1-year price change: +5.4%
- 5-year price change: +36.8%

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#6. Lake Forest, IL

- Typical home value: $1,076,341
- 1-year price change: +6.6%
- 5-year price change: +39.4%

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#5. Hinsdale, IL

- Typical home value: $1,077,296
- 1-year price change: +6.5%
- 5-year price change: +27.3%

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#4. Bannockburn, IL

- Typical home value: $1,101,270
- 1-year price change: +5.7%
- 5-year price change: +41.3%

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#3. Glencoe, IL

- Typical home value: $1,333,389
- 1-year price change: +7.3%
- 5-year price change: +50.1%

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#2. Winnetka, IL

- Typical home value: $1,556,332
- 1-year price change: +5.7%
- 5-year price change: +48.5%

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#1. Kenilworth, IL

- Typical home value: $1,757,139
- 1-year price change: +5.5%
- 5-year price change: +53.1%

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