Chicago-Naperville-Elgin, IL Housing Market Brief
metro · IL · as of May 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 Recovering — turning back up after a downturn. 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 | 34 days | ▲ +3% |
How has Chicago-Naperville-Elgin, IL’s Alpha Score moved?
Markets like Chicago-Naperville-Elgin, IL
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- San Antonio-New Braunfels, TXmetro36
- Birmingham-Hoover, ALmetro36
- Charlotte-Concord-Gastonia, NCmetro34
- Memphis, TNmetro39
- Detroit-Warren-Dearborn, MImetro39
- Baltimore-Columbia-Towson, MDmetro34
Frequently asked questions
Is Chicago-Naperville-Elgin, IL a buyer's or seller's market?
As of May 2026, Chicago-Naperville-Elgin, IL is classified as a Buyer's Market, based on its Alpha Score of 34 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
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 (52/100) and its weakest is Inventory Health (1/100). The Alpha Score is a weighted blend of all five dimensions.
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.