Chicago Suburbs Make List of Most and Least Affordable Housing Markets - NBC Chicago

Chicago Suburbs Make List of Most and Least Affordable Housing Markets

Overall, Illinois ranked as the 16th most expensive state in the country

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    Chicago Suburbs Make List of Most and Least Affordable Housing Markets
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    Apparently Illinois is home to some real estate hot spots, no matter what your budget is.

    Coldwell Banker released its Home Listing Report, ranking some of the nation’s most expensive and most affordable markets and Chicago suburbs were named in both groups.

    The study ranked the average listing price of four-bedroom, two-bathroom homes in nearly 2,000 markets across the U.S.

    Overall, Illinois ranked as the 16th most expensive state in the country, where an average home costs $302,061.

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    Winnetka was listed as one of the most expensive markets, coming in at 16th place on the list of pricey places. The study shows Winnetka’s average listing price at $933,182.

    The most expensive market was Los Altos, California, which has taken the top spot twice in the last three years with an average listing price of $1,963,100.

    On the other end of the real estate market, Park Forest, Waukegan, Zion and Kankakee were all named among the most affordable markets.

    Park Forest took the no. 3 slot on the list with an average listing price of $75,647. Waukegan followed at no. 7 with $98,226. Zion landed the no. 11 slot with an average listing price of $107,276 followed by Kankakee, listed at no. 21, with $119,180.

    The most affordable market in the U.S., according to the study, is Cleveland, Ohio.

    “Both the most expensive and most affordable markets in this year’s Home Listing Report have become real estate hot spots,” said Budge Huskey, president and chief executive officer of Coldwell Banker Real Estate LLC.

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