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Featured local agent — Skokie, IL
Sarah Mitchell
Compass Real Estate · Skokie, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Skokie, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$450,000median sale price
How is the Skokie, IL housing market right now?
The median home sale price in Skokie, IL is $450,000, up 0.2% year-over-year. Homes sell in an average of 41 days with 155 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 Skokie a buyer's or seller's market?
Skokie, IL is currently a seller's market, based on 3.7 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
42
Last 12 weeks
Days on market
41
Average pace
Active listings
155
3.7 months supply
Sale-to-list
101.7%
Above asking
What does the Skokie housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $450,000 |
| Median list price | $425,000 |
| Year-over-year price change | +0.2% |
| Average days on market | 41 days |
| Active inventory | 155 listings |
| Months of supply | 3.7 months |
| Sale-to-list price ratio | 101.7% |
| Median price per sq ft | $278/sq ft |
| Homes sold (latest month) | 42 |
| New listings (latest month) | 80 |
| Listings with a price cut | 13.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Skokie by property type?
How the Skokie, 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 | $538,000 | $320/sq ft | 27 | 34 days |
| Condo / Co-op | $257,000 | $234/sq ft | 13 | 57 days |
| Townhouse | $467,500 | $278/sq ft | 4 | 90 days |
Source: Redfin · Updated monthly
The Skokie housing market is currently classified as a seller's market with a median sale price of $450,000. Prices have risen 0.2% compared to last year, with homes spending an average of 41 days on market, indicating 3.7 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 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Skokie
There are currently 155 homes listed for sale in Skokie, Illinois. The median listing price is $425K.
Active listings
155
Homes on market
Median list price
$425K
Avg. days on market
41
Days until sale
New this week
80
Newly listed
Who lives in Skokie?
Population
66,427
Median income
$93,550/yr
Median age
42.6 years
Owner-occupied
74.1%
College grads
50.8%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Skokie?
Zillow home value
$435,880
Zillow rent index
$2,250/mo
Price-to-rent ratio
16.1x
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Skokie?
Skokie is a community of approximately 66K residents with a median age of 42.6 years.The median household income is $93,550, which reflects a relatively affluent area with strong earning potential. 50.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 74.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Skokie offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Skokie?
15 schools tracked · 10,084 students
The largest public schools serving Skokie, 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.
Niles West High School
Grades 9-12 · 2,615 students
Niles North High School
Grades 9-12 · 2,015 students
Fairview South Elementary School
Grades K-8 · 707 students
Old Orchard Jr High School
Grades 6-8 · 648 students
Lincoln Jr High School
Grades 6-8 · 591 students
Madison Elem School
Grades PK-2 · 586 students
John Middleton Elem School
Grades 1-5 · 519 students
East Prairie Elem School
Grades PK-8 · 515 students
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 Skokie, IL?
Want a head-to-head view? Compare Skokie side-by-side with any other U.S. city using our market-comparison tool.
Is Skokie a good real estate investment market?
For investors evaluating Skokie, the price-to-rent ratio of 16.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 0.2% 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 Skokie's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Skokie's median home price.
Frequently asked questions
What is the average home price in Skokie?
The median home sale price in Skokie is $450,000, up 0.2% from last year.
How long do homes stay on market in Skokie?
Homes typically spend 41 days on market before going under contract.
What is the median income in Skokie?
The median household income is $93,550 per year.
Is Skokie a buyer's or seller's market?
With 3.7 months of supply, Skokie is currently a seller's market.
What is the Zillow home value estimate for Skokie?
The Zillow Home Value Index (ZHVI) for Skokie is $435,880, representing the typical home value in the area.
What is the median condo price in Skokie?
The median condo/co-op sale price in Skokie, IL is $257,000, compared to $538,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Skokie?
The median single-family home price in Skokie, IL is $538,000 (about $320 per square foot).
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