Chicago-Naperville-Elgin, IL Housing Market Brief
metro · IL · as of August 2026
What is Chicago-Naperville-Elgin, IL’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Chicago-Naperville-Elgin, IL in its market cycle?
Chicago-Naperville-Elgin, IL is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
Chicago-Naperville-Elgin, IL housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Days on Market | 35 days | ▼ -2.8% |
How has Chicago-Naperville-Elgin, IL’s Alpha Score moved?
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Frequently asked questions
Is Chicago-Naperville-Elgin, IL a buyer's or seller's market?
As of August 2026, Chicago-Naperville-Elgin, IL is classified as a Deep Buyer's Market, based on its Alpha Score of 24 out of 100. It is based on the 4 of five dimensions we can measure for this market — inventory, affordability, economic, and rental-yield — whose weights are scaled up to cover the whole score. The rest are not measured here and are left out rather than filled in with a placeholder.
How affordable is Chicago-Naperville-Elgin, IL?
Chicago-Naperville-Elgin, IL scores 36 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Chicago-Naperville-Elgin, IL's Alpha Score?
Chicago-Naperville-Elgin, IL's strongest dimension is Rental Yield (44/100) and its weakest is Inventory Health (0/100). The Alpha Score is a weighted blend of five dimensions; 4 of them have data for this market.
Want the live, interactive view of Chicago-Naperville-Elgin, IL? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.