Essex Real Estate Forecast, Essex Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Essex a good investment? The median home price in Essex today: ▼ 256,735 USD (-8.682%)

Current Price

$256,735

1 Month Forecast

▲ $283,276

1-Year Forecast *

▲ $304,665

5-Year Forecast *

▲ $363,476

"Is it a good time to buy homes in Essex?" "Does investing in real estate in Essex (Illinois State, Kankakee County) worth it?" According to our live Forecast System, buying a house in Essex is a good short-term (1-year) investment*. The Essex average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Essex" projections.

At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Essex in Illinois State, Kankakee County. If you are looking for homes for sale with good flipping profit, Essex can be a profitable property investment option. The median price of an average house in Essex was 256,735 USD on 2025-09-22. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Essex" area is 363,476 USD by 2030-09-22. For a 5-year investment the profit is expected to be around +41.58% meaning that investing 100000 USD today may yield a profit of 41,576 USD by 2030.

Current Median Listing Price: 256,735 USD Median Listing Price Per Square Foot: 143 USD

Essex Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Essex (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2025-2031

The long-term housing forecast is based on all the available median listing price recorded up to today.

Essex Price Target

Essex median home price target in 12 months: $304,665* (upside of 18.7%)

14 Years Historical Data

Date	Opening price	Closing price	Minimum price	Maximum price
2025	$278,204	$281,144	$278,204	$281,144
2024	$242,769	$256,735	$242,769	$256,735
2023	$230,587	$242,748	$230,587	$243,339
2022	$212,252	$228,790	$212,252	$230,608
2021	$189,945	$208,762	$189,945	$208,762
2020	$173,064	$187,662	$173,064	$187,662
2019	$162,308	$172,470	$162,308	$172,470
2018	$161,569	$161,880	$161,236	$165,582
2017	$155,731	$161,068	$155,731	$161,068
2016	$152,596	$155,095	$152,596	$155,702
2015	$150,010	$152,279	$147,988	$152,279
2014	$149,189	$149,767	$147,659	$150,170
2013	$153,997	$149,416	$149,416	$153,997
2012	$133,333	$154,930	$133,160	$155,138

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Questions & Answers about the Essex Housing Market Forecast

How much does an average home cost in Essex today?

The value of an average home (the listing price) in Essex is $256,735 USD.

What is the average price per square foot in Essex?

According to Walletinvestor the median price per square foot in Essex is 143 USD.

Will the median listing price of homes in Essex grow / rise / go up?

Yes. The Essex home prices may rise from 256,735 USD to 304,665 USD in one year.

Is it profitable to invest in Essex homes?

Yes. The long-term profit potential is +18.67% in one year.

Will Essex house prices fall / drop?

No. See above.

What is the predicted price of a Essex home in 2030?

The predicted home sales price of a Essex home in 2030 in Essex is 363,476 USD.

What is the predicted price of a Essex home in 2035?

The predicted home sales price of a Essex home in 2035 in Essex is 469,918 USD.

Will real estate prices decrease in Essex?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Essex is the 21139. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Kankakee, Essex increased, looking at the past 12 months.

According to Walletinvestor's Essex real estate market research, home values will increase in the next 12 months.

Median home values increased by 0.461% to 256,735 USD, between 2024-09-22 and 2025-09-22

The average annual profit of property investment was:

17.059% in 2020
18.239% in 2021
18.099% in 2022
19.399% in 2023
18.819% in 2024
19.589% in 2025

Based on our Essex real estate market research and report the predicted sales prices will increase by 453.826% in the next 10 years.

Over the last 12 months, the value of homes in Essex fluctuated: increasing 9 times and decreasing 1 times.

Essex (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date	Average price	Minimum price	Maximum price
Essex Housing Market Forecast with Real Estate Prices for 2025
August 2025	283276	261181	305372
September 2025	285425	269726	301123
October 2025	287590	269472	305708
November 2025	289771	267459	312083
December 2025	291969	277371	306567
Essex Housing Market Forecast with Real Estate Prices for 2026
January 2026	294184	273591	314776
February 2026	296415	276259	316571
March 2026	298663	272679	324647
April 2026	300929	282271	319586
May 2026	303211	286231	320191
June 2026	305014	284883	325145
July 2026	304665	286690	322640
August 2026	305295	280566	330023
September 2026	307239	278358	336119
October 2026	309569	280160	338978
November 2026	311917	295698	328137
December 2026	314283	284112	344454
Essex Housing Market Forecast with Real Estate Prices for 2027
January 2027	316667	296084	337250
February 2027	319069	295458	342680
March 2027	321489	292555	350423
April 2027	323928	300605	347250
May 2027	323612	294811	352414
June 2027	322572	296444	348701
July 2027	321133	291268	350999
August 2027	321332	301088	341576
September 2027	321137	295125	347149
October 2027	321992	299453	344532
November 2027	324435	306591	342278
December 2027	326895	297475	356316
Essex Housing Market Forecast with Real Estate Prices for 2028
January 2028	329375	305001	353749
February 2028	331643	309092	354195
March 2028	332397	311123	353670
April 2028	331707	300195	363219
May 2028	331802	306253	357351
June 2028	334319	303896	364742
July 2028	336854	306201	367508
August 2028	338855	312425	365286
September 2028	338926	306050	371801
October 2028	338102	314435	361769
November 2028	338132	317506	358758
December 2028	340147	310895	369400
Essex Housing Market Forecast with Real Estate Prices for 2029
January 2029	342727	310511	374944
February 2029	345327	314593	376061
March 2029	347946	324982	370911
April 2029	349920	318077	381762
May 2029	350292	332427	368157
June 2029	350513	326678	374348
July 2029	350001	319901	380101
August 2029	350298	332083	368514
September 2029	350890	315801	385979
October 2029	351613	332978	370249
November 2029	354280	319915	388645
December 2029	355731	330474	380988
Essex Housing Market Forecast with Real Estate Prices for 2030
January 2030	356257	330963	381551
February 2030	356666	333839	379493
March 2030	356173	321981	390366
April 2030	356729	338179	375279
May 2030	358024	330814	385234
June 2030	360739	330077	391402
July 2030	363476	329672	397279
August 2030	366232	339131	393334
September 2030	369010	343918	394103
October 2030	371809	340949	402669
November 2030	374629	337916	411343
December 2030	377471	345008	409933
Essex Housing Market Forecast with Real Estate Prices for 2031
January 2031	380334	345724	414944
February 2031	383219	346047	420391
March 2031	386126	366047	406204
April 2031	388422	356571	420272
May 2031	387977	365863	410092
June 2031	388779	361176	416382
July 2031	391255	369736	412774
August 2031	394222	372934	415510
September 2031	397213	367819	426606
October 2031	400225	361003	439448
November 2031	403261	367774	438748
December 2031	406320	383566	429074
Essex Housing Market Forecast with Real Estate Prices for 2032
January 2032	409402	370509	448295
February 2032	412507	391057	433957
March 2032	412105	382846	441365
April 2032	410781	370114	451449
May 2032	408949	368054	449844
June 2032	409201	381376	437027
July 2032	408953	374601	443305
August 2032	410043	388310	431775
September 2032	413153	389190	437116
October 2032	416287	392142	440431
November 2032	419444	382533	456355
December 2032	422333	400794	443872
Essex Housing Market Forecast with Real Estate Prices for 2033
January 2033	423292	394931	451653
February 2033	422414	381017	463811
March 2033	422535	389577	455493
April 2033	425740	385720	465759
May 2033	428969	390791	467147
June 2033	431517	396564	466470
July 2033	431607	398373	464840

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.

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