Most Expensive Chicago Suburbs

Like any major metropolitan area in the U.S., plenty of desirable suburbs can be found all throughout the Chicagoland area. Good schools, low crime rates, vibrant downtowns, and a wide-range of community amenities can all contribute to home prices in a given suburban community, and if you’re wondering which Chicago suburbs are among the most expensive, here’s a quick shortlist. 

Glencoe, IL

Glencoe, Illinois is known for many things, prime among them being large houses. The area's home prices are sky-high compared to surrounding regions, sitting at a median of roughly $2.5 million as of August 2023. Leading the pack, properties on Longwood Avenue have been known to go for upwards of $14 million a piece. That lofty cost doesn't come without its benefits, however. Homes in Glencoe are large, to say the least, boasting spacious yards, multi-car driveways, in-ground pools, and several bedrooms. Nearby Lake Michigan offers residents access to some of the most beautiful beaches in the state.

Winnetka, IL

Just a few miles down from Glencoe sits Winnetka, Illinois. Like its neighbor, Winnetka is known for its expensive housing market, albeit a slightly less pricey one with a median home value of $1.3 million. The area can be best characterized by a beautiful, sprawling lakefront that many developers have taken full advantage of. Well-spaced out and large single-family residences line Lake Michigan and offer expectably amazing waterfront views. Even further into town, the people of Winnetka live life to the fullest in their multi-million dollar, well-landscaped mansions.

Luxury Homes in Chicago Suburbs

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Hinsdale, IL

Shop around Hinsdale, Illinois' local housing market and you'll quickly deduct that prices fall on the high end of the spectrum. So much so, in fact, that the average property here costs multiple times America's national house median value of $338,000. Among the most expensive are those on Neoclassical Oak Street, which regularly sees sales in the multiple millions of dollars. These properties offer upwards of 10,000 square feet, in addition to the other luxury features you might expect for their price tag. The Hinsdale area has about 5,700 total housing units, with the majority of these being single-family homes. These properties range from modest two bedroom cottages to sprawling estate mansions that can often cost in excess of $2 million.

Lake Forest, IL

Lake Forest is highly sought after for its rich history and its beautiful natural setting. Located North of Chicago, this city is bordered by Lake Michigan to the east and has an expansive park district. Lake Forest boasts a wide variety of homes - everything from bungalows to large estates. The community's age makes for a sizeable selection of larger properties that were originally built by some of Chicago's most prominent residents. On average, luxury real estate prices here range between one and six million dollars. Those with waterfront views tend to draw the highest bids, although there are plenty of inland options that score equally large offers thanks to their location, interior space, and character.

Kenilworth, IL

Demographics data regularly shows Kenilworth has among the highest median incomes of any Chicago suburb. And the proof is in the properties, as you'll find rows upon rows of estate-style plots with lush, green lawns and well-manicured gardens for miles. Most go beyond the typical suburban fare and include gated entrances and state-of-the-art security systems, ensuring the safety of their residents. The Kenilworth lifestyle certainly has its fair share of luxuries, but there's more to it than meets the eye. It is a place where families have lived for generations, and it reflects that in its culture. Its residents enjoy some of the best schools and community resources, as well as an array of recreational activities, from golf courses to parks to theaters. If you've got a few million dollars to spare, this is definitely a great place to invest it.

View Suburban Chicago's Most Expensive Homes

 

Posted by Helaine Cohen on
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