Market Report
Current conditions, median prices, days on market, and what the numbers mean for buyers and sellers in the communities I serve.
Illinois
Conditions vary by community. Here is a snapshot for each area I track closely, updated with the freshest publicly available data as of November 12, 2026. The most recent published Freddie Mac survey, released Thursday, November 5, put the average 30-year fixed mortgage rate at 7.18%, down from 7.24% a week earlier and the third consecutive weekly decline after seven straight weekly increases; a year ago the 30-year read 6.22%, so rates still sit about a point above where they stood last November, yet the direction has clearly turned, and the next survey lands Thursday, November 12, the same day the National Association of REALTORS releases its October existing-home sales report. At the metro level, Illinois REALTORS and ShowingTime's September report for the Chicago metro area shows 7,326 closed sales, down about 3.5% from a year earlier, with the city of Chicago's median sale price near $389,900, up about 8.3% per that report. The National Association of REALTORS released its September existing-home sales report on Tuesday, October 13: sales ran at a seasonally adjusted annual rate of 3.99 million, up 1.5% from August yet down 2.2% from a year earlier, with the national median price at $417,500, up 1.3% year over year and a record for the month of September; September inventory stood at 1.60 million homes, about a 4.8-month supply, and the next report, covering October, is due Thursday, November 12. Redfin's newest report, published Thursday, November 5, puts the national median sale price at $388,604 for the four weeks ending November 1, down 0.4% from a year earlier, the third straight weekly year-over-year decline after more than three years of increases, with seasonally adjusted pending sales at 275,484, down 16.4% from a year earlier and the lowest level in Redfin's records, months of supply at 4.6, the range Redfin calls balanced, and the median monthly mortgage payment at a five-week low near $2,777. Redfin's October estimate for the state of Illinois puts the median sale price at $313,686, up about 3.5% from a year earlier, with roughly 11,187 homes sold, down about 2.1%, and inventory up about 2%, and fresh October town reads put Orland Park near $375,000 and Frankfort's 60423 ZIP near $520,000. At the state level, Illinois REALTORS posted September's official figures in mid-October: 11,104 homes sold (single-family and condominiums), down 3.3% from a year earlier, a statewide median price of $324,000, up 7.8%, and 23,841 homes for sale, down 2.7% from a year ago; its October statewide figures are expected around November 20. On the Indiana side, the October state, county and MLS reads are detailed in the Northwest Indiana section below. A quick note on the numbers: sources vary by methodology, so figures reflect the most recent available city-level and source reports.
Median Price
~$323K (3-mo)
Days on Market
n/a
Sales Volume
Moderate
Redfin's three-month median near $323,000, up about 13.3% year over year. A rural Will County pocket market that moves on its own calendar; call me for the current zip-level read.
Median Price
n/a
Days on Market
n/a
Sales Volume
Moderate
No fresh public data was republished for Crete in the sources I track this update. Zip-level reads move fast here; call me for the current picture.
Median Price
~$320K
Days on Market
n/a
Sales Volume
Moderate
Redfin's April read near $320,000, up about 20.7% year over year, with a later city-guide figure near $334,179. Days-on-market data was not republished this update.
Median Price
~$520K (60423, Oct)
Days on Market
n/a
Sales Volume
Moderate
Redfin's all-home-types city median ran near $679,000 in October, up about 10.2% year over year, while its 60423 ZIP read is lower near $545,000, up about 5.8% since June, and a fresh October ZIP read put the 60423 median near $520,000 with 232 closed sales tracked over six months and about 40 active listings. The measure and window move the story in Frankfort right now; honest pricing decides the pace.
Median Price
~$554K (Aug)
Days on Market
n/a
Sales Volume
Moderate
Redfin's August read near $554,000, up about 1.3% year over year, while Zillow's typical home value sits near $592,841. Higher-value market; tour-specific data matters.
Median Price
~$425K (3-mo)
Days on Market
~47 days
Sales Volume
Moderate
Redfin's three-month median near $425,000, down about 9.1% year over year, a clear cooling signal after a very hot stretch, while Zillow's average home value sits near $459,000, up about 5.0% year over year. The measure and window swing here; zip-level detail matters.
Median Price
~$430K (Sep)
Days on Market
n/a
Sales Volume
High
Redfin's September median near $430,000, down about 4.9% year over year after running near $485,000 last November, a reminder that the measure and window move the story. The town remains one of the stronger price stories in the area.
Median Price
~$375K (Oct)
Days on Market
n/a
Sales Volume
High
Redfin's three-month median near $385,000, up about 5.8% year over year, the most consistent demand story in the southwest suburbs, with Zillow's typical home value near $397,500, up about 4.8%, and a fresh October read near $375,000 at about $200 per square foot with 582 closings tracked over the trailing six months. Tour-specific data matters.
Median Price
~$379K / ~$246K
Days on Market
n/a
Sales Volume
Moderate
Zillow's typical value sits near $379,036 for Palos Heights and $246,384 for Palos Hills, down about 3.5% year over year for the Hills; spring estimates put Palos Heights medians in the low-to-mid $400,000s.
Median Price
~$169-187K
Days on Market
n/a
Sales Volume
Moderate
Redfin's May read near $169,000, down about 3.2% year over year, with its August trend higher near $187,000, up about 13.5%, a swing that shows how fast entry-level pockets can turn.
Median Price
~$335K (Sep)
Days on Market
n/a
Sales Volume
High
Redfin's September median near $335,000, up about 4.6% year over year, a clear turn from this summer's softer reads, with Realtor.com's April median higher near $347,900 and Zillow's typical value near $329,400. Asking and selling prices sit further apart here this season.
Figures reflect the most recent publicly available reports as of November 12, 2026, and sources vary by methodology. Towns marked n/a had no fresh public data republished in the sources I track this update; call me for the latest zip-level read.
Indiana
Northwest Indiana continues to attract buyers from Illinois and across the region, and October's fresh numbers show a market that is cooling in volume yet holding in price. The Indiana Association of REALTORS' September statewide report, still the latest official release, shows 7,203 closed sales, down 4% from a year earlier, with a median sale price of $278,000, up 3%, and inventory grown for 31 straight weeks, with average daily inventory near 21,818 homes in September, the highest level in seven years; its October report is expected mid-November. RealMLS's October report for Greater Northwest Indiana, the freshest regional release, shows 1,952 closed sales, down about 13.8% from September, with a median sales price of $363,639, up 1.0% from September and 4.5% from a year earlier, and a median 39 days on market, about 11% faster than a year ago: prices are still appreciating even as volume cools. At the county level, Redfin's three-month read for Lake County puts the median near $284,000, up about 5.2% year over year, with a later June figure near $298,000, up about 12.6%, while Porter County's Valparaiso read sits near $360,000, up about 10.8%. Fresh town-level October reads put Munster near $375,000 to $390,000, up about 10% from a year ago, Crown Point near $355,000 to $365,000, up about 11% with the fastest pace in the region at roughly 14 days on market, and Schererville near $345,000 to $350,000. At a 30-year rate of 7.18% on Freddie Mac's November 5 survey, after three straight weekly declines, buyers are still payment sensitive and choosy, yet the direction has clearly eased for the first time in months. Here is the current picture.
Median Price
~$339K (3-mo)
Days on Market
n/a
Sales Volume
Moderate
Redfin's May-July window puts the median near $339,000, up about 17.9% year over year, with Zillow's average value near $336,099: still the strongest appreciation of the towns I track.
Median Price
~$355-365K
Days on Market
~14 days
Sales Volume
Moderate
Redfin's May-July window puts the median sale near $336,300, up about 9.6% year over year with about 25 days on market, while Zillow's typical home value sits near $362,400, up about 1.4%, Realtor.com's June median sold price ran near $374,500, and fresh reads put the median near $355,000 to $365,000, up about 11%, with the fastest pace in the region at roughly 14 days on market. The measure and window move the story in Crown Point; the market reads balanced and healthy.
Median Price
~$350K (May-Jul)
Days on Market
n/a
Sales Volume
Moderate
Redfin's May-July window puts the median near $349,800, up about 3.1% year over year, with RealtyTrac's zip-level median near $349,300. Good value near Lake Central schools; zip-level detail matters.
Median Price
~$273K (May-Jul)
Days on Market
n/a
Sales Volume
Moderate
Redfin's May-July window puts the median near $273,000, with Zillow's average near $264,100 and RealtyTrac's median estimate near $282,500. The measure and window swing here; call me for the current read.
Median Price
~$375-390K
Days on Market
~33-41 days
Sales Volume
Moderate
Redfin's May-July window puts the 46321 median near $362,700, down about 5.8% year over year, a figure that swings with sales mix, while the freshest reads put the median near $375,000 to $390,000, up about 10% from a year ago, with homes spending roughly 33 to 41 days on market. Move-in-ready homes keep selling at a steady clip; the condition bar stays high.
Median Price
~$279-300K
Days on Market
n/a
Sales Volume
Moderate
Reads differ by source: Houzeo puts the median near $300,000, RealtyTrac's twelve-month median near $278,700 and Zillow's average home value near $269,600. Sources differ on the window here; call me for the current tour-specific read.
Median Price
~$345-350K
Days on Market
~48 days
Sales Volume
High
Redfin's May-July window puts the median near $350,100, up about 0.9% year over year with about 20 days on market, the most competitive pace of the towns I track; one agent report put the median near $345,000, up about 8.2%, and freshest reads sit near $345,000 to $350,000, up about 5 to 8%, at about 48 days on market. Ready buyers still find room to negotiate on price.
Median Price
~$465K (May-Jul)
Days on Market
n/a
Sales Volume
Moderate
Redfin's May-July window puts the median near $464,800, the highest of the towns I track, with new construction booming and one agent report citing $440,000. Higher-value homes on larger lots.
Median Price
~$360K (3-mo)
Days on Market
n/a
Sales Volume
Moderate
Redfin's three-month read through September puts the median near $360,000, up about 10.8% year over year, with the average sale higher near $383,000, up about 17.9%, a strong price story in Porter County. The measure and window swing in Valparaiso; the ZIP-level read is the one that matters.
Understand What the Data Means for You
Every market is local. I can provide a personalized home valuation or market analysis for your specific neighborhood.