Market Overview
Home Prices in Ellis Grove, IL
The median home value in Ellis Grove, IL is $167,461 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.7% compared to a year ago and down 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ellis Grove are priced59% below average.
Price History
Ellis Grove Home Price Trend
2024
$150,831
$151K
—
2025
$149,964
$150K
-0.6%
2026
$167,461
$167K
+11.7%
City Comparison
Ellis Grove vs. National Median
🏠 Ellis Grove
$167,461
National Median
$410,000
At $167,461, homes in Ellis Grove cost 59% below the national median of $410,000. This makes Ellis Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ellis Grove?
20% Down Payment
$33,492
on $167,461
Monthly P&I
$873/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,109/mo
incl. taxes & insurance
Income Needed
$44,360
gross annual (30% rule)
10% Down Option
$16,746
+ PMI applies
Loan Amount (20% dn)
$133,969
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Ellis Grove, IL?
The median home value in Ellis Grove is $167,461 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.7% year-over-year.
How much have home prices changed in Ellis Grove?
Over the past year, home values in Ellis Grove have increased by 11.7%.
How much do I need to earn to buy a home in Ellis Grove?
To comfortably afford the median home price of $167,461 with a 20% down payment ($33,492) at today's rates (6.8%), you'd need a gross annual income of approximately $44,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Ellis Grove compare to the national average home price?
The national median home value is approximately $410,000. At $167,461, homes in Ellis Grove are 59% below the national average.