DuPage County Home Values Down 24%, Property Tax Up 7%

DuPage County Home Values Down: What’s Really Happening in 2025?

Many people across the U.S. hear about home prices going up every year. On TV and social media, we see headlines about houses selling fast, prices skyrocketing, and homeowners cashing in. But the story in DuPage County, Illinois, is different. While property values nationwide have climbed in recent years, DuPage County home values are down. What’s happening, and what does this mean for homeowners and buyers?

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DuPage County Home Values Down: The Latest Numbers for 2025

Recent data from real estate experts show that DuPage County home values are down compared to surrounding counties and national averages.

Based on the most recent data from Zillow and the Federal Housing Finance Agency (FHFA), property values in DuPage County have decreased by approximately 8% in just the last year. While nearby areas like Cook County saw some small gains, DuPage County is still behind.

Why does this matter? Homeowners looking to sell might face challenges getting the price they hoped for. Buyers might see opportunities to buy homes for less than before. But it’s important to understand why DuPage County home values are down.

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Why Are DuPage County Home Values Down?

There are a few clear reasons why home values in DuPage County have dipped recently:

Higher Interest Rates: In 2023 and 2024, mortgage rates jumped significantly. Higher rates mean fewer buyers can afford homes, leading sellers to lower their prices.
Increased Property Taxes: Even as home values drop, property taxes in DuPage County continue rising. High taxes mean higher monthly payments, making homes less attractive to new buyers.
More Homes on the Market: More homes are now up for sale in DuPage County. When supply goes up and fewer people buy, prices naturally go down.
Local Economic Factors: DuPage County and Illinois have struggled with job growth overall compared to other states. Fewer jobs mean fewer people moving to the area, keeping prices lower.

The Property Tax Puzzle: Values Down, Taxes Up

The biggest surprise for many homeowners is seeing DuPage County home values decrease while property taxes increase. If your home’s value drops, you’d expect taxes to go down, too, right? Unfortunately, not in Illinois.

Even with home values down, DuPage County homeowners have seen their property taxes rise by about 6% in 2023 alone. Why is this happening?

Simply put, local governments still need money. They often raise the tax rate to cover their budgets when values decrease. This means you pay more even though your home is worth less. It’s frustrating and has made many homeowners question whether staying in Illinois makes sense.

How DuPage County Compares to Other Counties

DuPage County home values down trends are even clearer when you compare them with neighboring counties:

Cook County: Slight increase of 2% in home values in the past year.
Will County: Home values are stable, with minimal change from last year.
Kane County: Small decline of about 2%, less drastic than DuPage.

DuPage County’s 8% drop stands out significantly compared to these nearby counties. Homeowners and buyers need to consider these numbers when making decisions about selling, buying, or investing.

Is It a Good Time to Buy or Sell in DuPage County?

With the decline in home values in DuPage County, numerous homeowners are questioning whether to sell now or hold off. On the other hand, buyers might see this as an opportunity to get a good deal.

If you’re selling: It’s a challenging time. Prices are lower, and competition is high. If you must sell now, prepare your home well and price it competitively.
If you’re buying: It could be a great time! Lower prices mean you might get more house for your money. Just make sure you understand the impact of high property taxes on your monthly payments.

Tips for Navigating the DuPage County Real Estate Market

Since DuPage County home values are down, here are some helpful tips:

Research carefully: Check recent home sales in your area to set a realistic price.
Work with professionals: Hire a local real estate agent who knows the DuPage market well.
Understand your taxes: High property taxes impact affordability, even when prices are low. Talk with your mortgage lender to clearly understand monthly costs.
Be flexible: If you’re selling, consider offering incentives to buyers, like covering closing costs or making minor home upgrades.

Future Outlook: Will DuPage County Home Values Rebound?

Many people ask if DuPage County home values will stay down or if they’ll recover soon. While predictions vary, most experts agree:

Short-term: Home values might remain flat or slightly lower due to ongoing high taxes and economic challenges.
Long-term: Values are likely to slowly improve if local economies and job markets stabilize.

Staying informed and flexible is key for homeowners and potential buyers.

Why People Are Leaving DuPage County and Illinois

Another reason DuPage County home values are down is that many residents are moving out. High taxes and lower home values mean people look to states with lower taxes and better economic opportunities. Popular destinations include Indiana, Wisconsin, Tennessee, and Florida. This ongoing out-migration continues to put downward pressure on home values.

What Can Local Leaders Do?

Many homeowners hope local leaders will respond to DuPage County’s declining home values by lowering property taxes or creating incentives to attract new residents and businesses. Lower taxes and more jobs could help reverse declining values.

Residents must carefully watch local elections and support policies encouraging growth and affordability.

Final Thoughts: What DuPage County Residents Should Do Now

DuPage County home values down is not what any homeowner wants to hear, but knowledge is power. If you’re a homeowner, take this time to carefully weigh your options. Staying patient might help if you’re not forced to sell right away.

If you’re buying, there are opportunities. Take advantage of lower prices, but stay aware of how taxes might affect you.

By staying informed and prepared, you can make smart decisions despite the current challenges in the DuPage County real estate market. Real estate trends change over time, and being ready when the market shifts is always smart.

Stay tuned for future updates and insights on DuPage County home values and taxes.

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Frequently Asked Questions About DuPage County Home Values Down:

Q: Why are DuPage County Home Values Down in 2025?

A: DuPage County home values are down mainly due to higher interest rates, rising property taxes, more houses for sale, and fewer jobs in the area.

Q: Should I Buy a House in DuPage County Now Since Home Values are Down?

A: Yes, lower home prices can make buying easier. But make sure you can handle high property taxes and monthly payments.

Q: I have a Bankruptcy in the Past. Can I Get AUS Approval to Buy in DuPage County with Late Payments After Bankruptcy?

A: Yes, you might get AUS approval even with late payments after bankruptcy, but lenders will look closely at your recent payment history.

Q: If My Home’s Value Drops, Will My Property Taxes Go Down?

A: Unfortunately, not always. In DuPage County, taxes have gone up even though home values are down because local governments still need money.

Q: What Can I Do if I Need to Sell My House Now in DuPage County?

A: Price your home competitively, work closely with a good real estate agent, and be ready to offer buyers incentives like covering closing costs or upgrades.

Q: Will DuPage County Home Values Ever Go Back Up?

A: Home values may stay flat or slightly lower for now but will slowly recover when the local economy and job market improve.

Q: Why are People Leaving DuPage County?

A: Many are leaving DuPage County and Illinois because of high taxes and looking for states with better job chances and lower living costs.

Q: How Does DuPage County Compare to Nearby Counties like Cook and Will?

A: Cook County’s home values are slightly up, Will County’s stayed flat, and Kane County’s fell slightly. DuPage County had a bigger drop, about 8%.