Market Overview
Home Prices in Matteson, IL
The median home value in Matteson, IL is $277,509 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Matteson are priced32% below average. Matteson is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Matteson home values have risen by approximately22.1%, reflecting strong long-term appreciation in this market.
Price History
Matteson Home Price Trend
City Comparison
Matteson vs. National Median
At $277,509, homes in Matteson cost 32% below the national median of $410,000. This makes Matteson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Matteson?
20% Down Payment
$55,502
on $277,509
Monthly P&I
$1,447/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,838/mo
incl. taxes & insurance
Income Needed
$73,520
gross annual (30% rule)
10% Down Option
$27,751
+ PMI applies
Loan Amount (20% dn)
$222,007
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 Matteson, IL?
The median home value in Matteson is $277,509 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Matteson?
Over the past year, home values in Matteson have increased by 5.6%. Over five years, prices have risen approximately 22.1%.
How much do I need to earn to buy a home in Matteson?
To comfortably afford the median home price of $277,509 with a 20% down payment ($55,502) at today's rates (6.8%), you'd need a gross annual income of approximately $73,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Matteson compare to the national average home price?
The national median home value is approximately $410,000. At $277,509, homes in Matteson are 32% below the national average.
What metro area is Matteson part of?
Matteson is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.