Illinois Housing Market Forecast — August 2026
Sialim tracks 26 Illinois metros, forecasting home values next month, next quarter, and one year out from Zillow price history plus mortgage rates, inventory, and labor data.
Metros tracked
26
in Illinois
Forecast to rise — August 2026
23
3 forecast to fall or hold
Average forecast change
+0.49%
across all Illinois metros, next month
Illinois metros — August 2026
| Metro | Current value | Forecast | 1-month change | Regime |
|---|---|---|---|---|
| Chicago, IL | $360,262 | $361,944 | +0.47% | Overheating |
| Peoria, IL | $175,814 | $176,681 | +0.49% | Neutral |
| Davenport, IA | $198,068 | $199,220 | +0.58% | Overheating |
| Rockford, IL | $224,377 | $225,301 | +0.41% | Overheating |
| Champaign, IL | $240,904 | $243,548 | +1.10% | Stabilizing |
| Springfield, IL | $202,440 | $203,820 | +0.68% | Overheating |
| Bloomington, IL | $262,618 | $263,700 | +0.41% | Neutral |
| Carbondale, IL | $153,888 | $153,940 | +0.03% | Cooling |
| Kankakee, IL | $228,871 | $232,740 | +1.69% | Stabilizing |
| Decatur, IL | $127,196 | $126,775 | -0.33% | Neutral |
| Quincy, IL | $191,845 | $192,927 | +0.56% | Stabilizing |
| Danville, IL | $105,059 | $105,537 | +0.46% | Cooling |
| Charleston, IL | $154,227 | $154,420 | +0.13% | Cooling |
| Sterling, IL | $150,266 | $150,695 | +0.28% | Overheating |
| Rochelle, IL | $231,855 | $233,205 | +0.58% | Stabilizing |
| Galesburg, IL | $119,927 | $119,744 | -0.15% | Cooling |
| Freeport, IL | $161,895 | $162,246 | +0.22% | Overheating |
| Jacksonville, IL | $132,558 | $132,730 | +0.13% | Cooling |
| Centralia, IL | $126,376 | $129,291 | +2.31% | Neutral |
| Mount Vernon, IL | $148,119 | $147,873 | -0.17% | Cooling |
| Pontiac, IL | $173,644 | $174,674 | +0.59% | Neutral |
| Effingham, IL | $224,308 | $225,472 | +0.52% | Neutral |
| Dixon, IL | $188,812 | $190,319 | +0.80% | Overheating |
| Taylorville, IL | $136,687 | $136,974 | +0.21% | Neutral |
| Lincoln, IL | $144,444 | $144,545 | +0.07% | Overheating |
| Macomb, IL | $100,557 | $101,135 | +0.57% | Cooling |
Frequently asked questions
Are Illinois home prices rising or falling?
Of the 26 Illinois metros Sialim tracks, 23 are forecast to rise in August 2026 and 3 are forecast to fall or hold. The average forecast change across the state is +0.49%.
What is the largest Illinois metro by home value tracked here?
Chicago, IL, with a typical home value of $360,262 as of the latest data.
Forecasts are model output, not advice. Data: Zillow ZHVI (© Zillow), Freddie Mac via FRED, US Bureau of Labor Statistics via FRED. Methodology.