The housing news wasn’t bad in 2015 … but it wasn’t exactly amazing, either. Median home values increased a modest 2.4 percent in the six-county area to $193,000, not too far off the 3.6 percent bump they got in 2014, according to Svenja Gudell, chief economist with the real estate research firm Zillow. See how your area fared in these charts, which include price data for all neighborhoods and suburbs with 20 or more sales in 2015.
Gudell predicts the slow-and-steady trend will continue into 2016, with values rising another 2.3 percent. (What is this, Groundhog Day?) That means you might as well list now if you’re on the fence about selling—things won’t change much. That’s ugly news for some: 21 percent of homeowners in the metro area are still underwater on their mortgages after the 2007 bust. (See: 6 Smart Mortgage Moves) One thing that could help is if Chicago finally establishes itself as a tech town, Gudell says. The three hottest markets last year were all geekster paradises: San Francisco, Denver, and Seattle.