Cities with the most expensive homes in the Chicago metro area
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, plays a huge role for buyers.
The typical home value in the United States was $365,545 in March, 0.8% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of April 16, the sits at 6.3%.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.
compiled a list of cities with the most expensive homes in the Chicago metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 346 cities and towns.
#30. Clarendon Hills, IL
- Typical home value: $666,351
- 1-year price change: +9.2%
- 5-year price change: +38.4%
#29. Campton Hills, IL
- Typical home value: $666,624
- 1-year price change: +4.9%
- 5-year price change: +47.1%
#28. Northbrook, IL
- Typical home value: $688,265
- 1-year price change: +8.0%
- 5-year price change: +38.6%
#27. Lincolnshire, IL
- Typical home value: $714,055
- 1-year price change: +7.5%
- 5-year price change: +45.1%
#26. River Forest, IL
- Typical home value: $716,652
- 1-year price change: +11.5%
- 5-year price change: +33.1%
#25. Hawthorn Woods, IL
- Typical home value: $727,356
- 1-year price change: +5.8%
- 5-year price change: +45.1%
#24. Deer Park, IL
- Typical home value: $743,157
- 1-year price change: +6.0%
- 5-year price change: +41.1%
#23. Highland Park, IL
- Typical home value: $751,001
- 1-year price change: +6.1%
- 5-year price change: +48.9%
#22. Wayne, IL
- Typical home value: $755,393
- 1-year price change: +7.0%
- 5-year price change: +42.1%
#21. Inverness, IL
- Typical home value: $787,210
- 1-year price change: +6.7%
- 5-year price change: +38.9%
#20. North Barrington, IL
- Typical home value: $821,486
- 1-year price change: +6.6%
- 5-year price change: +47.8%
#19. Burr Ridge, IL
- Typical home value: $828,471
- 1-year price change: +4.8%
- 5-year price change: +31.1%
#18. Kildeer, IL
- Typical home value: $837,454
- 1-year price change: +3.9%
- 5-year price change: +38.0%
#17. Northfield, IL
- Typical home value: $841,446
- 1-year price change: +8.2%
- 5-year price change: +37.9%
#16. Western Springs, IL
- Typical home value: $863,783
- 1-year price change: +10.2%
- 5-year price change: +36.4%
#15. Dune Acres, IN
- Typical home value: $899,803
- 1-year price change: +14.3%
- 5-year price change: +48.2%
#14. Long Grove, IL
- Typical home value: $924,481
- 1-year price change: +5.3%
- 5-year price change: +48.0%
#13. Mettawa, IL
- Typical home value: $935,441
- 1-year price change: +9.4%
- 5-year price change: +49.2%
#12. Riverwoods, IL
- Typical home value: $949,531
- 1-year price change: +6.6%
- 5-year price change: +43.7%
#11. Wilmette, IL
- Typical home value: $961,183
- 1-year price change: +11.0%
- 5-year price change: +43.1%
#10. Oak Brook, IL
- Typical home value: $966,776
- 1-year price change: +11.2%
- 5-year price change: +40.9%
#9. Barrington Hills, IL
- Typical home value: $1,020,851
- 1-year price change: +7.6%
- 5-year price change: +39.5%
#8. South Barrington, IL
- Typical home value: $1,108,365
- 1-year price change: +6.8%
- 5-year price change: +40.3%
#7. Lake Forest, IL
- Typical home value: $1,167,578
- 1-year price change: +9.2%
- 5-year price change: +50.7%
#6. Bannockburn, IL
- Typical home value: $1,190,351
- 1-year price change: +11.2%
- 5-year price change: +54.4%
#5. Hinsdale, IL
- Typical home value: $1,244,308
- 1-year price change: +9.3%
- 5-year price change: +39.0%
#4. Golf, IL
- Typical home value: $1,263,688
- 1-year price change: +10.7%
- 5-year price change: +45.6%
#3. Glencoe, IL
- Typical home value: $1,577,965
- 1-year price change: +12.7%
- 5-year price change: +62.5%
#2. Winnetka, IL
- Typical home value: $1,818,305
- 1-year price change: +11.5%
- 5-year price change: +55.1%
#1. Kenilworth, IL
- Typical home value: $2,032,330
- 1-year price change: +11.1%
- 5-year price change: +56.3%