Chicago Home Values Rise to $309,809, Up 2.1% Over the Past Year (Zillow Data)

The average Chicago, IL home value is $309,809, up 2.1% over the past year and goes to pending in around 13 days.

The Chicago housing market in April 2025 has revealed a mixed picture of growth and decline across its diverse neighborhoods. While some ZIP codes have experienced significant home value appreciation over the past year, others have faced declining prices. The data shows both resilience and volatility in different parts of the city.

In April 2025, Chicago’s median home values varied widely by ZIP code, ranging from $116,620 in 60621 (Englewood) to $600,156 in 60614 (Lincoln Park). The overall trend reflects a city of contrasts, with wealthier neighborhoods showing strong price stability or modest gains, while some lower-income areas posted surprising growth.
 

Top Increases: Affordable Areas See Strong Growth

Several lower-priced neighborhoods led the city in year-over-year home value appreciation:

• 60621 (Englewood): +11.1% to $116,620
• 60626 (Rogers Park): +8.0% to $238,076
• 60629 (Chicago Lawn): +7.3% to $262,260
• 60660 (Edgewater): +6.5% to $271,686
• 60623 (North Lawndale): +6.0% to $214,237

These increases suggest growing demand in traditionally undervalued areas, possibly driven by affordability, investor interest, and community development initiatives.

Top Decliners: Downtown Areas Show Weakness

Several high-value, centrally located ZIP codes saw declining home values:

• 60602 (The Loop): -8.1% to $250,606
• 60607 (West Loop): -4.5% to $401,490
• 60605 (South Loop): -3.8% to $326,685
• 60616 (Chinatown/Bronzeville):  -2.7% to $313,336

This softening may be attributed to market saturation, interest rate sensitivity, or shifting preferences post-pandemic as buyers seek more space or suburban options.

Stable and High-Value Neighborhoods

Several well-established neighborhoods held steady or posted moderate growth:

• 60614 (Lincoln Park): +3.8% to $600,156
• 60657 (Lakeview): +3.8% to $469,071
• 60618 (Avondale/Irving Park): +2.4% to $528,650
• 60622 (Wicker Park/Ukrainian Village): +1.8% to $596,818
• 60647 (Logan Square): 0% change, remaining at $530,485

These areas continue to attract buyers with their amenities, schools, and transit access, maintaining price stability despite broader market fluctuations.