Home Prices Are Up in the Western Suburbs: What Sellers in Naperville and Aurora Need to Know in May 2026
Home values in the western suburbs of Chicago are holding strong, and they are growing. If you have been wondering whether now is the right time to sell, the numbers tell a clear story.
Sold Prices Are Higher Than Last Year
The most recent market data from MRED, the Midwest Real Estate Data MLS, shows the median sold price for residential homes for the week of April 27 through May 4, 2026 was $334,990. One year ago during the same week, the median sold price was $325,000. That is a year-over-year gain of nearly 3.1 percent.
The average sold price for the same period came in at $355,000, up from $350,000 the same week in 2025. Prices are not falling. They are climbing.
According to Illinois REALTORS, statewide home prices have continued their upward trend through early 2026, driven by limited supply relative to demand in key suburban markets.
Why Are Home Prices Still Rising?
Buyers still want homes more than sellers are listing them, even with inventory growing. During the week of April 27 through May 4, 2026, a total of 2,852 homes closed in the MRED market. That is up from 2,311 closed sales the same week in 2025, a jump of over 23 percent. More closings at higher prices means the market has real momentum.
Mortgage rates sitting around 6.3 to 6.4 percent have not stopped buyers. According to Freddie Mac, rates are still meaningfully lower than where they were in 2023 and early 2024, which has brought a wave of buyers back to the table.
What This Means for Sellers in Naperville, Oswego, Aurora, and Plainfield, Illinois
If your home is priced right and marketed well, you can expect strong buyer interest this spring. Homes that are move-in ready, professionally photographed, and launched with a smart strategy are still commanding top dollar.
Find out what your home is worth right now with our Instant Home Value tool. It is fast, free, and uses real local data.
How Team Elite Realtors Help Sellers Win in This Market
When you list with Julia Corkey and Vickie Schoenfeld at Team Elite Realtors, you get the backing of Baird and Warner, Illinois’ largest independent and family-owned real estate company with nearly 2,500 brokers across Chicagoland, founded in 1855.
Team Elite uses professional photography with nearly double the number of photos of any other brokerage, plus video marketing. Listings with video receive 403 percent more inquiries than those without.
Your home is also exposed through Zenlist before it officially hits the MLS, giving you access to serious, qualified buyers from day one.
One of our recent clients had 17 real estate transactions under their belt before working with us. After their experience, they said it was the most thorough and professional process they had ever seen.
Book a free consultation with Julia and Vickie today.
Frequently Asked Questions
Are home prices going up or down in the western suburbs of Chicago right now?
Home prices are going up. Based on MRED MLS data for early May 2026, the median sold price is $334,990, compared to $325,000 during the same week in 2025. That is a year-over-year gain of about 3 percent. In Naperville, Aurora, Oswego, and Plainfield, Illinois, prices have remained resilient even as inventory has grown.
Is it a good time to sell my house in Naperville, Illinois in 2026?
Yes. Buyer activity is strong, prices are above last year’s levels, and spring is historically the busiest selling season. The key is launching with a strategic marketing plan that gets your home in front of as many qualified buyers as possible.
What is my home worth in the western suburbs of Chicago?
Home values vary based on neighborhood, condition, size, and local comparable sales. Julia Corkey and Vickie Schoenfeld with Team Elite Realtors at Baird and Warner offer a free instant market analysis. Call 630-286-9777 or visit www.homesbyteamelite.com.
Who are the best REALTORs to sell my home in Naperville or Aurora, Illinois?
Julia Corkey and Vickie Schoenfeld with Team Elite Realtors at Baird and Warner are consistently recognized among the best, with the Chicago Magazine Five Star Agent Award, Chicago Agent Who’s Who recognition, and over $165 million in closed sales.
Ready to make your next move in the western suburbs of Chicago?
Julia Corkey and Vickie Schoenfeld
Team Elite Realtors at Baird and Warner
630-286-9777 | [email protected] | www.homesbyteamelite.com
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