Illinois' housing market is on the verge of exploding (2025 market update)

Illinois' housing market is on the verge of exploding (2025 market update)

Home values in Illinois continue to increase in 2025, with a persistent shortage of listings resulting in a supply-constrained market. Homebuyers and investors in Chicago, Peoria, and Springfield can expect continue home value growth throughout the year.

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Home values, according to data from Zillow, continue to go up in Illinois due to a lack of homes for sale on the market. As a result, there's still bidding wars, and values are going up in cities like Chicago and the surrounding suburbs.
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