Home prices continued to climb in the Chicagoland suburbs, with the median sale price rising 7% for detached homes in July, according to new data from Mainstreet REALTORS®.  

Last month, the median sale price for a detached home in Chicagoland hit $450,000, compared to $420,000 last year. That increase reflects a broader trend, as housing markets across the country continue to see year-over-year price gains, Mainstreet reported. 

“Buyers have come around to the fact that prices and interest rates are not going to come down any time soon,” said Kinga Korpacz, president of Mainstreet REALTORS®. “In July, we saw that they’re still willing to get in the game, despite the fact that buying a home continues to get more expensive.” 

While housing supply in Chicagoland was very low at the beginning of 2026, inventory has since increased from 1.7 months of supply to two months in July. 

“If you’ve been sitting out of the housing market due to low supply or rising prices, now is the time to jump back in,” said John Gormley, CEO of Mainstreet REALTORS®. “Price increases seem to be here to stay, so buying a home will likely get more expensive if you wait, not less. And now, we’re seeing that buyers are also finding more houses that meet their requirements, which gives them more power, especially if they have a Mainstreet REALTOR® by their side.” 

Overall, the region experienced price increases; however, prices still fell in some areas. The following cities experienced year-over-year decreases in median sale prices for detached homes: Justice (decreased 30.0%), Winthrop Harbor (-19.7%), Oak Brook (-19.2%), Elmhurst (-16.8%), Richton Park (-16.5%), Burr Ridge (-16.4%), Palos Park (-15.5%), Markham (-14.1%), Hickory Hills (-13.2%) and Bridgeview (-13.0%).