House Prices

Ravenswood Chicago, IL House Prices & Home Values 2026


Average Data

average house price$358,617
average size per house1551 ft²
average price per ft²240 $ / ft²

04/15/2026 - The value range (VR) for house prices in Ravenswood Chicago, IL is $181/ sqft to $265/ sqft. An average home with 1551 sqft costs approximately $290,557 to $425,401. Chicago, IL includes 2 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60625, while the highest are in ZIP 60640. The average price per sqare feet is $240. Our analysis is based on 19 property listings.

Avergage prices by ZIP codes Ravenswood Chicago

60625181 $ / ft²
60640265 $ / ft²




Historical development of home values in Ravenswood Chicago

Year Estimated value (USD) Change vs. 2025
2010 $166,548 -53.6%
2011 $160,108 -55.4%
2012 $159,677 -55.5%
2013 $165,645 -53.8%
2014 $173,882 -51.5%
2015 $182,806 -49.0%
2016 $192,346 -46.4%
2017 $202,728 -43.5%
2018 $213,935 -40.3%
2019 $223,855 -37.6%
2020 $235,428 -34.4%
2021 $267,773 -25.3%
2022 $312,164 -13.0%
2023 $329,191 -8.2%
2024 $348,235 -2.9%
2025 $358,617 0.0%

Graph: estimated home values in Ravenswood Chicago over time (USD)



Example: 100% financing house in Ravenswood Chicago

Loan amount: $358,617

Interest rate: 6.21%

Fixed monthly payment: $2,198.75

Breakdown in the 1st month:
Interest portion: $1,855.84  –  Principal portion: $342.90

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $22,150.95 $4,233.99 $354,383.01
2 $21,880.41 $4,504.54 $349,878.47
3 $21,592.58 $4,792.37 $345,086.10
4 $21,286.35 $5,098.60 $339,987.50
5 $20,960.56 $5,424.39 $334,563.12
6 $20,613.95 $5,771.00 $328,792.12
7 $20,245.19 $6,139.75 $322,652.37
8 $19,852.87 $6,532.07 $316,120.29
9 $19,435.48 $6,949.46 $309,170.83
10 $18,991.42 $7,393.52 $301,777.31
11 $18,518.99 $7,865.96 $293,911.35
12 $18,016.37 $8,368.58 $285,542.77
13 $17,481.63 $8,903.32 $276,639.46
14 $16,912.72 $9,472.22 $267,167.23
15 $16,307.46 $10,077.48 $257,089.75
16 $15,663.53 $10,721.42 $246,368.33
17 $14,978.45 $11,406.50 $234,961.83
18 $14,249.59 $12,135.36 $222,826.48
19 $13,474.16 $12,910.79 $209,915.69
20 $12,649.18 $13,735.76 $196,179.93
21 $11,771.49 $14,613.46 $181,566.47
22 $10,837.71 $15,547.23 $166,019.24
23 $9,844.27 $16,540.68 $149,478.56
24 $8,787.35 $17,597.60 $131,880.97
25 $7,662.89 $18,722.06 $113,158.91
26 $6,466.58 $19,918.36 $93,240.55
27 $5,193.83 $21,191.11 $72,049.43
28 $3,839.75 $22,545.19 $49,504.24
29 $2,399.15 $23,985.79 $25,518.45
30 $866.50 $25,518.45 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Ravenswood Chicago, IL


1500 sqft3900 sqft
Ø selling price$450,846$959,073
Ø fast selling$409,860$863,166
Ø high price sale$491,832$1,054,980

In 2026, houses in Ravenswood Chicago, IL will be offered at an average price of $240 per square foot. A 1,500 sqft home priced at $450,846 is 23.81% more expensive per square foot than a 3,900 sqft home priced at $959,073. Home prices in Ravenswood Chicago, IL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $663,974. Sellers who can wait longer may achieve a higher price of up to $811,523.


Ravenswood, Chicago IL Neighborhood Guide

Overview

Ravenswood in Chicago, IL is a leafy, residential neighborhood known for tree-lined streets, historic architecture, and a creative vibe.
Nestled near Andersonville and Lincoln Square, the Ravenswood neighborhood blends quiet charm with urban convenience.

Lifestyle & Amenities

Locals enjoy boutiques, coffee shops, and destination dining along the Ravenswood Corridor and nearby commercial strips.
Craft beverage fans explore ?Malt Row,? home to popular breweries and the acclaimed KOVAL Distillery.
Cultural highlights like the Lillstreet Art Center and green spaces such as Winnemac Park offer year-round classes, markets, and outdoor recreation.

Housing & Real Estate

Housing in Ravenswood Chicago IL ranges from vintage greystones and classic courtyard apartments to renovated single-family homes and lofts.
The neighborhood?s strong community feel, walkability, and good school options attract both first-time homebuyers and long-term residents.
Buyers and renters will find a competitive yet diverse real estate market, with solid value relative to trendier North Side hubs.

Getting Around

Commuters appreciate the Metra UP-N Ravenswood Station and access to the CTA Brown Line, plus ample bike lanes.
With convenient transit, abundant amenities, and a friendly vibe, Ravenswood is a smart choice for living, investing, and exploring in Chicago.



FAQ – Home Values in Ravenswood Chicago

What is the median home value in Ravenswood Chicago in 2026?

In 2026, the typical home value in Ravenswood Chicago is about $358,617 for an average home size of 1551 square feet. This corresponds to an average price of roughly $240 per square foot.

What is the average cost per square foot in Ravenswood Chicago?

In 2026, homes in Ravenswood Chicago sell for an average of around $240 per square foot, with a typical range between $181 and $265 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Ravenswood?

The average home size in Ravenswood Chicago is about 1551 square feet, with an estimated 2026 value around $358,617.



Neighborhoods close to Ravenswood Chicago, IL

Portage Park Chicago, IL243 $ / ft²
St. Clair Gardens East Saint Louis, IL43 $ / ft²
Chicago Lawn Chicago, IL187 $ / ft²
Tanner Trails North Aurora, IL183 $ / ft²
Downtown Oak Lawn Oak Lawn, IL130 $ / ft²
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