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DuPage County, IL Housing Market Update: May 2026

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Key Takeaways DuPage County was firmly a seller’s market in May. Homes moved quickly, more than half sold above asking, and prices surged nearly four times faster than the national average. The median sale price rose 7.5% year over year to $456,880, crossing the $450,000 mark for the first time. Over 62% of listings went under contract within two weeks of hitting the market. DuPage County, IL Housing Market Snapshot Median Sale Price Pending Sales Active Listings Days on Market Sold Above List $456,880 (+7.5% YoY) 1,312 (+9.7% YoY) 3,686 (+6.0% YoY) 42 days (0 days YoY) 52.8% (-0.9 ppt YoY) DuPage County’s spring market delivered strong results for sellers. Prices climbed sharply, demand outpaced new supply, and well-positioned homes drew immediate interest. If you’re buying in DuPage right now, be prepared to compete. If you’re selling, the market rewarded accurate pricing with fast sales and offers above asking. Learn everything you need to know about...
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Lake County, IL Housing Market Update: May 2026

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Key Takeaways Lake County was a seller’s market in May. Over half of homes sold above asking price, and the typical listing went under contract faster than a year ago. Prices rose 4.6% year over year to $428,714—more than double the national growth rate. Days on market dropped to 45 while the national figure rose, signaling local demand that defied broader cooling trends. Lake County, IL Housing Market Snapshot Median Sale Price Pending Sales Active Listings Days on Market Sold Above List $428,714 (+4.6% YoY) 1,035 (+6.9% YoY) 3,043 (+1.7% YoY) 45 days (-3 days YoY) 50.3% (+4.1 ppt YoY) Lake County’s housing market accelerated in May while much of the country slowed down. Homes sold faster, buyers competed more aggressively above asking prices, and sellers rarely had to cut. The county’s combination of strong school districts and proximity to both Chicago and Wisconsin continued to pull buyers off the sidelines. Learn everything you need to ...
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When Is the Best Time to Buy a House?

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Key Takeaways Late summer is the best time to buy a home , when listings are on the rise, inventory is fresher, and sellers are more willing to offer concessions. The best time to buy varies by city and priority: whether you’re looking for fresh inventory, more selection, or the best deals. Ultimately, the best time to buy a house is when it makes the most sense personally and financially. The best time to buy a house depends on what matters most to you. Some buyers prioritize getting the best deal, while others want the largest selection of homes or the least competition. Everything from the time of year, to the local market, to economic strength can affect the purchase—and that’s before taking personal timelines into consideration. Today’s housing market adds another layer to the equation. While affordability remains a challenge, buyers have more negotiating power than they’ve had in years. There are roughly 47% more sellers than buyers nationwide, and seller...
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The 1 Factor That Explains Everything Happening with Home Prices Right Now

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You've probably heard that home prices are cooling off. from Keeping Current Matters https://www.keepingcurrentmatters.com/2026/06/29/the-1-factor-that-explains-everything-happening-with-home-prices-right-now/
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Pros and Cons of New Construction Homes: What Buyers Should Know Before Building or Buying

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Whether you’re buying a house in Austin, TX , building a custom home in Bozeman, MT , or considering a newly built townhome in Charlotte, NC , deciding between a new construction home and an existing property isn’t always straightforward. While new homes often feature modern layouts, energy-efficient systems, and fewer immediate repairs, they can also come with higher upfront costs, longer timelines, and decisions that require careful planning. Understanding the pros and cons of new construction homes can help you determine whether a newly built home fits your budget, lifestyle, and long-term goals. We asked home builders and construction experts to share what buyers should consider before signing a contract. Pros of buying a newly built home New construction homes have become increasingly popular as buyers look for energy savings , lower maintenance, and flexible living spaces. Here are some of the biggest advantages. 1. Modern layouts designed for today’s lifes...
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When to Lower the Price of Your House in Today’s Market

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Key takeaways A lack of showings, declining online engagement, and no serious offers can signal that your home is overpriced. About 20.2% of active listings nationwide have reduced their asking price. Most effective price cuts are meaningful enough to attract new buyers, often around 2% to 5%. In some cases, seller concessions may be more effective than lowering the price. In today’s housing market, buyers have more options and more negotiating power than they did just a few years ago. Roughly 20.2% of active listings nationwide have reduced their asking price, and many homes are taking longer to sell than they were a few years ago. If your home isn’t attracting showings or offers, a price adjustment may help reignite interest and get your sale back on track. Pricing strategy in today’s market The days of the pandemic housing boom – where sellers could list a home at an aggressive premium and watch multiple sight-unseen offers materialize over a single weekend...
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