Is Skokie, IL 60077 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Skokie is a seller’s market. With about 3.2 months of supply and 39% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score65/ 100

More competitive than 68% of U.S. ZIP codes, and #247 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3.2Under 4 months = seller’s market
Sold above original list38.7%Share of sales, last 3 months
Median sale-to-list99.9%Sold price ÷ list price
Median days on market42Listing to accepted offer
Median price per sq ft$277▲ +5.1% vs. last year

The Skokie housing market right now

In the three months ending August 31, 2026, 39% of homes in Skokie, IL 60077 sold above their list price, the typical home went under contract in 42 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 82 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 45%, homes sold faster (46 days then) and the median sale price rose 4% to $429,814. Overall, Skokie is less competitive than a year ago, which gives buyers more room.

Within Cook County, homes here sell faster than in 77% of the county’s ZIP codes, and sell less often over asking than in 66%. On our competition score, Skokie ranks #247 of 464 IL ZIP codes with enough sales (score 65 out of 100).

Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) and Berkeley 60163 (75% sold over asking) are even more competitive.

Nearby markets

Alsip 60803Seller’s market $202 /sq ftArlington Heights 60004Seller’s market $280 /sq ftArlington Heights 60005Seller’s market $261 /sq ftBarrington 60010Seller’s market $255 /sq ft Browse all markets →

Where Skokie is

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Questions about Skokie real estate

Is Skokie a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Skokie, IL 60077 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Skokie?

The typical home went under contract in 42 days in the latest three months.

Do homes in Skokie sell over asking?

39% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.

What are property taxes in Skokie?

About 1.91% of a home’s value a year in Cook County, or roughly $7,640 on a $400,000 home.

What is the median home price in Skokie?

The median sale price was $429,814 in the three months ending August 31, 2026, about $277 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology