House Prices

House Prices & Home Values Morton Grove, IL 2026


Average Data

average house price$381,800
average size per house1957 ft²
average price per ft²196 $ / ft²

04/17/2026 - The value range (VR) for house prices in Morton Grove, IL is $178/ sqft to $178/ sqft. An average home with 1957 sqft costs approximately $348,346 to $348,346. Morton Grove, IL includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60053, while the highest are in ZIP 60053. The average price per sqare feet is $196. Our analysis is based on 12 property listings.

Avergage prices by ZIP codes Morton Grove

60053174 $ / ft²




Historical development of home values in Morton Grove

Year Estimated value (USD) Change vs. 2025
2010 $177,315 -53.6%
2011 $170,458 -55.4%
2012 $169,999 -55.5%
2013 $176,353 -53.8%
2014 $185,122 -51.5%
2015 $194,623 -49.0%
2016 $204,780 -46.4%
2017 $215,833 -43.5%
2018 $227,765 -40.3%
2019 $238,327 -37.6%
2020 $250,647 -34.4%
2021 $285,084 -25.3%
2022 $332,344 -13.0%
2023 $350,472 -8.2%
2024 $370,747 -2.9%
2025 $381,800 0.0%

Graph: estimated home values in Morton Grove over time (USD)



Example: 100% financing house in Morton Grove

Loan amount: $381,800

Interest rate: 6.00%

Fixed monthly payment: $2,289.08

Breakdown in the 1st month:
Interest portion: $1,909.00  –  Principal portion: $380.08

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $22,780.46 $4,688.55 $377,111.45
2 $22,491.28 $4,977.73 $372,133.72
3 $22,184.26 $5,284.74 $366,848.98
4 $21,858.31 $5,610.69 $361,238.28
5 $21,512.26 $5,956.75 $355,281.53
6 $21,144.86 $6,324.15 $348,957.38
7 $20,754.80 $6,714.21 $342,243.18
8 $20,340.68 $7,128.33 $335,114.85
9 $19,901.02 $7,567.99 $327,546.86
10 $19,434.24 $8,034.76 $319,512.10
11 $18,938.68 $8,530.33 $310,981.77
12 $18,412.54 $9,056.46 $301,925.31
13 $17,853.96 $9,615.05 $292,310.26
14 $17,260.93 $10,208.08 $282,102.18
15 $16,631.31 $10,837.69 $271,264.49
16 $15,962.87 $11,506.14 $259,758.35
17 $15,253.20 $12,215.81 $247,542.54
18 $14,499.75 $12,969.26 $234,573.29
19 $13,699.84 $13,769.17 $220,804.11
20 $12,850.58 $14,618.42 $206,185.69
21 $11,948.95 $15,520.05 $190,665.64
22 $10,991.71 $16,477.30 $174,188.34
23 $9,975.43 $17,493.58 $156,694.76
24 $8,896.46 $18,572.55 $138,122.21
25 $7,750.95 $19,718.06 $118,404.15
26 $6,534.78 $20,934.23 $97,469.92
27 $5,243.60 $22,225.41 $75,244.51
28 $3,872.79 $23,596.22 $51,648.29
29 $2,417.42 $25,051.58 $26,596.71
30 $872.30 $26,596.71 $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 Morton Grove, IL


1500 sqft3900 sqft
Ø selling price$355,740$756,757
Ø fast selling$323,400$681,081
Ø high price sale$388,081$832,432

In 2026, houses in Morton Grove, IL will be offered at an average price of $196 per square foot. A 1,500 sqft home priced at $355,740 is 22.38% more expensive per square foot than a 3,900 sqft home priced at $756,757. Home prices in Morton Grove, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $523,909. Sellers who can wait longer may achieve a higher price of up to $640,332.


Morton Grove, IL: A Convenient, Community?Focused Suburb

Overview

Located in Cook County, Morton Grove, IL is a welcoming northern suburb of Chicago known for tree?lined neighborhoods, convenient transit, and a strong sense of community.

Location and Transportation

Just about 13 miles from downtown, the village offers quick regional access via the Edens Expressway (I?94) and major corridors like Dempster Street, Waukegan Road, and Golf Road.
Commuters appreciate the Metra Milwaukee District North Line at the Morton Grove station, connecting residents to Union Station and nearby job centers. Local Pace bus routes and bike?friendly streets make getting around Morton Grove and neighboring communities simple.

Parks and Recreation

Outdoor lovers enjoy the Cook County Forest Preserves along the North Branch of the Chicago River, including Miami Woods and Linne Woods with scenic trails and picnic groves.
The Morton Grove Park District maintains favorites like Harrer Park and community centers that host youth programs, fitness classes, and seasonal events.

Community and Lifestyle

A diverse dining scene, from classic delis to global eats along Dempster and Golf, gives Morton Grove a flavorful, family?friendly vibe.
Popular community gatherings such as the Morton Grove Farmers? Market and summertime concerts foster a close?knit atmosphere year?round.

Business and Education

Local businesses thrive in revitalized commercial corridors and light industrial areas, with new mixed?use developments complementing established shops and services.
Families value strong schools served by area districts and nearby higher?education options, making Morton Grove, Illinois a balanced choice for living, working, and playing.



FAQ – Home Values in Morton Grove

What is the median home value in Morton Grove in 2026?

In 2026, the typical home value in Morton Grove is about $381,800 for an average home size of 1957 square feet. This corresponds to an average price of roughly $196 per square foot.

What is the average cost per square foot in Morton Grove?

In 2026, homes in Morton Grove sell for an average of around $196 per square foot, with a typical range between $178 and $178 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Morton Grove is about 1957 square feet, with an estimated 2026 value around $381,800.



Locations close to Morton Grove, IL

Mount Prospect, IL236 $ / ft²
Mundelein, IL150 $ / ft²
Vernon Hills, IL192 $ / ft²
Mchenry, IL121 $ / ft²
Libertyville, IL193 $ / ft²
Lake Zurich, IL188 $ / ft²
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