January 2026 Chicago North/Northwest Suburbs Housing Market Updates

The North/Northwest Suburbs housing market started 2026 with steady momentum. Across multiple communities, detached single-family homes experienced consistent appreciation, with some areas showing double-digit growth while others maintained solid value.

Here’s a quick overview of key suburbs and what the trends mean for buyers and sellers.

Market Highlights Across Northwest Suburbs (January 2026)

• Des Plaines – Median price $415,000, +5.1% year-over-year
  The Des Plaines market is showing steady, consistent growth. Buyers are attracted to spacious homes, established neighborhoods, and convenient access to downtown Chicago, while homeowners benefit from equity growth and strong buyer interest. 

• Morton Grove – Median price $470,000, +7.8% growth
  Morton Grove is seeing solid appreciation thanks to desirable residential streets, strong schools, and proximity to transit options. The market is balanced, offering opportunities for buyers and favorable conditions for sellers. 

• Park Ridge – Median price $625,000, +3.3% growth
  Park Ridge maintains steady but modest growth, with homes appealing to buyers seeking well-established neighborhoods, local amenities, and a family-friendly community. Price increases are sustainable, reflecting long-term demand. 

• Skokie – Median price $495,300, +10.1% growth
  Skokie is experiencing strong double-digit appreciation, driven by high buyer demand, convenient city access, and quality schools. Homeowners see growing equity, and buyers are taking advantage of a vibrant suburban market.

• Niles – Median price $450,000, +5.9% growth
  Niles shows steady growth with solid market fundamentals. Mature neighborhoods, family-friendly amenities, and easy commuting options make it appealing to buyers, while sellers enjoy consistent interest and favorable selling conditions. 

What the Numbers Mean for North/Northwest Suburbs – January 2026

The year-over-year growth across these suburbs shows healthy buyer demand without the volatility seen in other markets. These Northwest Suburbs continue to attract buyers seeking suburban space with convenient access to Chicago.

For homeowners:

• Equity continues to grow steadily

• Strong buyer interest for well-priced homes

• Favorable conditions for selling in early 2026

For buyers:

• Stable markets with predictable appreciation

• Opportunities to purchase before prices trend higher

• Long-term value compared to more expensive Chicagoland areas

Why Buyers Are Targeting These Suburbs

Several factors make these Northwest Suburbs desirable:

• Location & Accessibility: Easy access to downtown Chicago via Metra and major highways

• Community & Schools: Top-rated schools, family-friendly neighborhoods, and parks

• Lifestyle Amenities: Local shopping, dining, and recreation options

• Diverse Housing Options: Homes at approachable price points with character and space

This combination of features supports steady home values and consistent buyer demand.

Local Expertise Matters

Data shows the trends, but local insight makes the difference.

Cory Tanzer and the Cory Tanzer Group rank among the top 1% of real estate teams in Chicagoland, specializing in Chicago, North Shore, and Northwest Suburbs real estate. They provide:

• Accurate, hyper-local pricing strategies

• Marketing that reaches qualified buyers

• Skilled negotiation to protect client value

• Guidance through every step of buying or selling

Stay Connected

Ranked as a top 1% team in Chicagoland, Cory Tanzer and the Cory Tanzer Group specialize in Chicago, North Shore, and Northwest Suburbs real estate. With deep local knowledge and a proven track record, they help clients buy and sell with clarity, confidence, and results.