Are Home Prices Rising or Falling in Tinley Park, IL?

Tinley Park, a city near Chicago, IL, is posting solid price gains while remaining one of the more affordable options in the south suburbs. In the 3 months ending August 2026, the median home here sold for $329,782, up 4.7% from a year earlier. Here's what's driving it and what it means for buyers and sellers.

The National Picture

Across the country in the three months ending August 2026, the median sale price came in at ~$399K, a 2% year-over-year increase. There's a modest affordability improvement underway: U.S. households earning about $88,000 now spend roughly 34.4% of income on housing, down from over 36% last year. About 20% of listings carry a price cut, and inventory stands at roughly 4 months of supply.

Home Prices in the Chicago Area

The Chicago metro's typical household income is about $99,000, with 35.1% of that going toward housing. Tinley Park's median of ~$330K sits well below the metro's overall price level, which could make it accessible to a broader range of buyers. A household earning the metro median would spend a smaller share of income on housing here than in many neighboring cities.

Steady Price Gains Hold

Prices in Tinley Park rose 4.7% to ~$330K, keeping pace with national growth. About 44.1% of homes sold above asking, and the sale-to-list ratio landed right at 100.0%. Homes moved in 43 days, 5 days quicker than last year.

Among comparable areas, Orland Park (~$387K) gained 3.1%, while Schaumburg (~$373K) jumped 9.6%. The Brementowne Estates neighborhood posted a 16.1% surge at a lower median of ~$309K. Tinley Park's combination of moderate prices and steady appreciation sets it apart from pricier neighbors.

Why Are Prices Rising in Tinley Park?

Demand slightly outpaces the available supply. Inventory is essentially flat year over year, with active listings up just 1.3%, while new listings actually dipped about 4%. With only 2.1 months of supply, sellers still hold some leverage. Pending sales did fall about 14%, which could slow growth going forward, but for now the limited inventory is keeping prices on an upward track.

Nearby Neighborhoods

Limited to neighborhoods with at least 10 home sales in the period.

All data comes from Redfin and represents a three-month rolling average ending August 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.