Market Overview
Home Prices in Long Grove, IL
The median home value in Long Grove, IL is $969,157 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and up 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Long Grove are priced136% above average. Long Grove is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Long Grove home values have risen by approximately44.2%, reflecting strong long-term appreciation in this market.
Price History
Long Grove Home Price Trend
City Comparison
Long Grove vs. National Median
At $969,157, homes in Long Grove cost 136% above the national median of $410,000. Buyers in Long Grove should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Long Grove?
20% Down Payment
$193,831
on $969,157
Monthly P&I
$5,055/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,420/mo
incl. taxes & insurance
Income Needed
$256,800
gross annual (30% rule)
10% Down Option
$96,916
+ PMI applies
Loan Amount (20% dn)
$775,326
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 Long Grove, IL?
The median home value in Long Grove is $969,157 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Long Grove?
Over the past year, home values in Long Grove have increased by 5.3%. Over five years, prices have risen approximately 44.2%.
How much do I need to earn to buy a home in Long Grove?
To comfortably afford the median home price of $969,157 with a 20% down payment ($193,831) at today's rates (6.8%), you'd need a gross annual income of approximately $256,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Long Grove compare to the national average home price?
The national median home value is approximately $410,000. At $969,157, homes in Long Grove are 136% above the national average.
What metro area is Long Grove part of?
Long Grove is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.