Market Report | Joanne Dal Santo REALTORĀ® Chicago South Suburbs & NW Indiana

Market Report

Local Market Data & Insights

Current conditions, median prices, days on market, and what the numbers mean for buyers and sellers in the communities I serve.

Illinois

Chicago South Suburbs Market

Conditions vary by community. Here is a snapshot for each area I track closely, updated with the freshest publicly available data as of late September 2026. The most recent published Freddie Mac survey, released September 24, holds the average 30-year fixed mortgage rate at 7.03%, the first time above 7% since early 2025, with the 15-year at 6.42%. Nationally, August existing-home sales ran at a seasonally adjusted annual rate of 3.98 million, the first month below 4 million since June 2025, with inventory at a 4.9-month supply, the most since November 2015, and the national median price at $429,100, up 1.6% year over year. New-home sales for August, also released September 24, ran at a seasonally adjusted annual rate of 684,000, up 6.4% from July, with the median new-home price at $393,700, down 5.8% from a year earlier as builders adjusted prices to move inventory. On the county level, Cook County's most recent three-month read puts the median near $389,000, up about 5.1% year over year, while Will County's average home value sits near $376,816, up about 2.7%, with the latest closed-sale median near $372,700 and for-sale inventory up roughly 96% from a year earlier. A quick note on the numbers: sources vary by methodology, and no finalized September MLS dataset is published yet, so figures reflect the most recent available city-level and source reports.

Beecher

IL

Median Price

n/a

Days on Market

n/a

Sales Volume

Low

No fresh public data was republished for Beecher in the sources I track this update. Pocket markets move on their own calendar; call me and I will pull the latest zip-level read.

Crete

IL

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.

Evergreen Park

IL

Median Price

~$320K (3-mo)

Days on Market

n/a

Sales Volume

Moderate

Redfin's three-month median near $320,000, up about 20.7% year over year, the biggest jump of the South Suburb towns I track. Days-on-market data was not republished this update.

Frankfort

IL

Median Price

~$550K (last mo)

Days on Market

~57 days

Sales Volume

Moderate

The sources disagree more than usual: Redfin's city read runs near $550,000, down about 0.9% year over year with about 57 days on market, RealtyTrac's July sold median sits near $492,700 with for-sale inventory up about 102%, and Zillow's average value reads near $479,709. Plenty more supply than a year ago, so honest pricing decides the pace.

Lemont

IL

Median Price

~$650K (July)

Days on Market

n/a

Sales Volume

Moderate

Movoto's July sold median ran near $650,000, up about 7% year over year, with Zillow's average home value near $592,841, up about 7.6%. Higher-value market; tour-specific data matters.

Mokena

IL

Median Price

~$459K (avg)

Days on Market

n/a

Sales Volume

Moderate

Zillow's average home value sits near $458,894, up about 5.0% year over year, with Movoto's September listing median near $463,500. Days-on-market data was not republished this update.

New Lenox

IL

Median Price

~$485K

Days on Market

n/a

Sales Volume

High

Redfin's median near $485,000, up about 9% year over year, one of the strongest price stories in the area. Days-on-market data was not republished this update.

Orland Park

IL

Median Price

~$385K (3-mo)

Days on Market

~44 days

Sales Volume

High

Redfin's three-month median near $385,000, up about 5.8% year over year, about 44 days on market and roughly four offers per home: the most consistent demand story in the southwest suburbs.

Palos

IL

Median Price

n/a

Days on Market

n/a

Sales Volume

Moderate

No fresh public data was republished for Palos Heights, Palos Hills or Palos Park in the sources I track this update. Give me a call for the latest tour-specific read.

Steger

IL

Median Price

n/a

Days on Market

n/a

Sales Volume

Moderate

No fresh public data was republished for Steger in the sources I track this update. Call me for the current entry-level picture.

Tinley Park

IL

Median Price

~$309K

Days on Market

n/a

Sales Volume

High

Redfin's median near $309,000, down about 1.9% year over year, a reminder that even neighboring towns move differently this season.

Figures reflect the most recent publicly available reports as of late September 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 Market

Northwest Indiana continues to attract buyers from Illinois and across the region, and the latest numbers show a supply-constrained market rather than a soft one. Lake County's most recent read puts the median sale near $296,009 in August, up about 3.9% year over year, with new listings down about 25%, pending sales down about 29% and homes selling about 12 days faster than a year earlier. Porter County's Redfin snapshot runs near $334,000, up about 6% year over year. At a 30-year rate of 7.03%, buyers are payment sensitive and choosy. Here is the current picture.

Cedar Lake

IN

Median Price

~$338K (3-mo)

Days on Market

n/a

Sales Volume

Moderate

Redfin's three-month median near $338,000, up about 17.9% year over year, with the average sold price last month near $342,000, up about 10.4%. Still the strongest appreciation of the towns I track.

Crown Point

IN

Median Price

~$315K (last mo)

Days on Market

n/a

Sales Volume

Moderate

Redfin's latest city read near $315,000, down about 2.5% year over year, yet its June figure ran near $329,821, up about 9.9%. The measure and window move the story in Crown Point right now; the market reads balanced and healthy.

Dyer

IN

Median Price

~$288K

Days on Market

n/a

Sales Volume

Low - Moderate

Redfin's median near $288,000 last month, down less than 1% year over year. Good value near Lake Central schools; zip-level detail matters.

Highland

IN

Median Price

~$269K (3-mo)

Days on Market

n/a

Sales Volume

Moderate

Redfin's three-month median near $269,000, up about 2.7% year over year, with the average sold price last month near $272,000.

Munster

IN

Median Price

~$385K

Days on Market

n/a

Sales Volume

Moderate

Redfin's median near $385,000 last month, up about 5.5% year over year. Move-in-ready homes keep selling at a steady clip; the condition bar stays high.

Portage

IN

Median Price

~$335K (Aug)

Days on Market

~66 days

Sales Volume

Moderate

Movoto's August median near $334,908 with about 254 active listings and days on market up to 66 from 42 a year earlier, an easing sign in a town that had been moving fast.

Schererville

IN

Median Price

~$350K (3-mo)

Days on Market

n/a

Sales Volume

High

Redfin's three-month median near $350,000, up about 3% year over year. List prices have softened, which gives ready buyers room to negotiate.

St. John

IN

Median Price

~$440K (3-mo)

Days on Market

n/a

Sales Volume

Moderate

Redfin's three-month median near $440,000, up about 5.2% year over year, with the average sold price last month near $428,000, up about 4.3%. Higher-value homes on larger lots.

Valparaiso

IN

Median Price

~$390K (46385)

Days on Market

n/a

Sales Volume

Moderate

Redfin's three-month median for ZIP 46385 near $390,000, up about 1.3%, on a different measure than regional reports that frame a broader $280,000 to $340,000 range up about 7.2%. The ZIP-level read is the one that matters.

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