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Featured local agent — Morton Grove, IL
Sarah Mitchell
Compass Real Estate · Morton Grove, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morton Grove, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$532,500median sale price
How is the Morton Grove, IL housing market right now?
The median home sale price in Morton Grove, IL is $532,500, up 22.4% year-over-year. Homes sell in an average of 45 days with 65 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Morton Grove a buyer's or seller's market?
Morton Grove, IL is currently a seller's market, based on 2.0 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
32
Last 12 weeks
Days on market
45
Average pace
Active listings
65
2.0 months supply
Sale-to-list
101.7%
Above asking
What does the Morton Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $532,500 |
| Median list price | $519,450 |
| Year-over-year price change | +22.4% |
| Average days on market | 45 days |
| Active inventory | 65 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 101.7% |
| Median price per sq ft | $297/sq ft |
| Homes sold (latest month) | 32 |
| New listings (latest month) | 34 |
| Listings with a price cut | 13.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Morton Grove by property type?
How the Morton Grove, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $550,000 | $304/sq ft | 17 | 38 days |
| Condo / Co-op | $294,000 | $236/sq ft | 9 | 62 days |
| Townhouse | $564,000 | $297/sq ft | 6 | 72 days |
Source: Redfin · Updated monthly
The Morton Grove housing market is currently classified as a seller's market with a median sale price of $532,500. Prices have risen 22.4% compared to last year, with homes spending an average of 45 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Morton Grove
There are currently 65 homes listed for sale in Morton Grove, Illinois. The median listing price is $519K.
Active listings
65
Homes on market
Median list price
$519K
Avg. days on market
45
Days until sale
New this week
34
Newly listed
Who lives in Morton Grove?
Population
24,687
Median income
$106,078/yr
Median age
44.3 years
Owner-occupied
84.5%
College grads
52.1%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Morton Grove?
Zillow home value
$454,598
Zillow rent index
$2,483/mo
Price-to-rent ratio
15.3x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Morton Grove?
Morton Grove is a community of approximately 25K residents with a median age of 44.3 years.The median household income is $106,078, which reflects a relatively affluent area with strong earning potential. 52.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 84.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Morton Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morton Grove?
7 schools tracked · 2,599 students
The largest public schools serving Morton Grove, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Park View Elem School
Grades PK-8 · 899 students
Thomas Edison Elem School
Grades 3-5 · 639 students
Melzer School
Grades K-5 · 402 students
Hynes Elem School
Grades PK-4 · 332 students
Golf Middle School
Grades 5-8 · 327 students
Julia S Molloy Education Center
Grades PK-12
NTDSE Sat Program
Grade range n/a
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Morton Grove, IL?
Want a head-to-head view? Compare Morton Grove side-by-side with any other U.S. city using our market-comparison tool.
Is Morton Grove a good real estate investment market?
For investors evaluating Morton Grove, the price-to-rent ratio of 15.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 22.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Morton Grove's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Morton Grove's median home price.
Frequently asked questions
What is the average home price in Morton Grove?
The median home sale price in Morton Grove is $532,500, up 22.4% from last year.
How long do homes stay on market in Morton Grove?
Homes typically spend 45 days on market before going under contract.
What is the median income in Morton Grove?
The median household income is $106,078 per year.
Is Morton Grove a buyer's or seller's market?
With 2.0 months of supply, Morton Grove is currently a seller's market.
What is the Zillow home value estimate for Morton Grove?
The Zillow Home Value Index (ZHVI) for Morton Grove is $454,598, representing the typical home value in the area.
What is the median condo price in Morton Grove?
The median condo/co-op sale price in Morton Grove, IL is $294,000, compared to $550,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Morton Grove?
The median single-family home price in Morton Grove, IL is $550,000 (about $304 per square foot).
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