Market Ranking: What Markets are Chicago’s Most Expensive and Affordable?

by Rachel Mazanec


Coldwell Banker Real Estate released its 2014 Home Listing Report (HLR), which provides a side-by-side comparison of four-bedroom, two-bathroom homes in nearly 2,000 markets across the country, as well as rankings of the most expensive and affordable markets in all 50 states. According to the report, the average listing price of a four-bedroom, two-bathroom home in Illinois is $302,061.

Looking further into the state of Illinois, the study revealed that, of the 135 Chicago-area towns reviewed by the Home Listing Report, Park Forest topped the list as the most affordable Chicago-area market, where a four-bedroom, two-bathroom home costs an average of $75,647. Winnetka was ranked as the most expensive market where the same-sized property costs an average of $933,182. Below you will find a list of the top 10 and bottom 10 real estate markets in the Chicago-area according to Coldwell Banker Real Estate’s 2014 Home Listing Report:


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