Updated: August 20, 2026
Arlington Heights homes sold at a median of $475,847 over the past year, but that blends two markets. Houses sold at a median of $588,687 and condos and townhomes at $261,000. Houses went under contract in a median of 8 days, and 51% sold above the asking price.
Key Takeaways
- 937 homes closed in Arlington Heights between August 21, 2025 and August 20, 2026. Houses sold at a median of $588,687, condos and townhomes at $261,000 (ConnectMLS).
- Houses sell in about a week. The median was 8 days to contract, 65% sold at or above asking, and 51% sold above it.
- The median tax bill was $9,590 on a house and $3,963 on a condo or townhome, about 1.64% and 1.62% of sale price.
- That tax rate is the lowest of the three towns I track most closely, below Mount Prospect at 1.68% and Palatine at 1.79%.
- The two ZIP codes are nearly the same market for houses. 60004 sold at a median of $584,250 and 60005 at $591,500, about 1% apart.
- 151 houses sold under $500,000, and 170 condos and townhomes sold under $250,000.
- 59 houses sold above $1 million, and the 15 newly built homes that sold had a median price of $1,625,000.
- 102 homes were listed for sale as of this update.
What is the Arlington Heights housing market like right now?
Fast and thin on supply. Half of the houses that sold went under contract within 8 days. Sixty-five percent sold at or above asking, and 51% sold above it, which means the typical house here did not just sell quickly, it sold for more than the seller asked.
Condos and townhomes moved more slowly at 13 days, with 47% selling at or above asking.
There were 102 homes on the market as of this update: 59 houses and 43 condos and townhomes. Against roughly 937 sales a year, that is about six weeks of supply.
Houses | Condos and townhomes | |
|---|---|---|
Sales, past 12 months | 558 | 369 |
Median price | $588,687 | $261,000 |
Middle half of sales | $490,000 to $728,750 | $196,000 to $390,000 |
Median price per square foot | $307 | $218 |
Median tax bill | $9,590 | $3,963 |
Median monthly assessment | n/a | $410 |
Median days to contract | 8 | 13 |
Sold at or above asking | 65% | 47% |
Sold above asking | 51% | 34% |
Median build year | 1966 | 1978 |
Median finished square feet | 2,118 | 1,200 |
Source: ConnectMLS, Arlington Heights closed sales, August 21, 2025 through August 20, 2026.
Why the village-wide median describes almost nobody
The blended figure is $475,847. Very few people bought a $475,847 home.
Arlington Heights sells two different products at two very different prices: 558 houses at a median of $588,687, and 369 condos and townhomes at a median of $261,000. The blended median falls in a gap where relatively little actually trades.
If you are selling a house, your number is $588,687. If you are selling a condo or townhome, it is $261,000. Any single village-wide figure is an average of two markets and describes neither.
This matters most when comparing towns. Arlington Heights sells proportionally more houses than Palatine does, which pushes its blended median up. That is a difference in what each town has to sell, not a difference in what a comparable house costs.
Is 60004 or 60005 more expensive?
For houses, they are effectively the same. This surprises people, because the two halves of the village are usually discussed as if they were different markets.
60004 | 60005 | |
|---|---|---|
Sales | 562 | 375 |
House median price | $584,250 | $591,500 |
House median tax bill | $9,744 | $9,430 |
House tax as % of price | 1.66% | 1.58% |
House median square feet | 2,140 | 2,086 |
House median build year | 1967 | 1962 |
House price per square foot | $304 | $315 |
House median days to contract | 8 | 9 |
Attached median price | $303,000 | $239,000 |
Attached median tax bill | $4,449 | $3,567 |
Attached median square feet | 1,314 | 1,120 |
Attached median build year | 1987 | 1975 |
Attached price per square foot | $219 | $216 |
Source: ConnectMLS, Arlington Heights closed sales, August 21, 2025 through August 20, 2026.
Houses: a 1% difference in median price. $584,250 against $591,500. Homes in 60005 are slightly smaller and slightly older, and sell for slightly more per square foot, which nets out to almost exactly the same median. If you are buying a house, the ZIP code is not a budget decision.
Condos and townhomes: a 27% gap that is not what it looks like. $303,000 in 60004 against $239,000 in 60005 reads like a large location premium. But price per square foot is $219 against $216, a difference of about 1%. The gap is size and age: attached homes that sold in 60004 were about 194 square feet larger and twelve years newer on the median.
The one real difference is the tax rate. Houses in 60004 carried bills equal to 1.66% of sale price against 1.58% in 60005. On a $590,000 house that is roughly $470 a year. It is small next to the purchase price and large enough to notice on a monthly payment.
None of this makes either ZIP code a better place to live. It tells you that in Arlington Heights, unlike some neighboring towns, the price differences within the village are almost entirely about the buildings rather than about where they sit.
What does your money buy in Arlington Heights?
Price range | Houses sold | Median square feet | Median bedrooms | Median build year | Median tax bill |
|---|---|---|---|---|---|
Under $500,000 | 151 | 1,308 | 3 | 1957 | $7,965 |
$500,000 to $650,000 | 188 | 1,968 | 3 | 1967 | $9,362 |
$650,000 to $850,000 | 142 | 2,413 | 4 | 1969 | $11,081 |
Over $850,000 | 77 | 3,619 | 4 | 1998 | $16,116 |
Source: ConnectMLS, Arlington Heights closed sales, August 21, 2025 through August 20, 2026.
Square footage is what the money buys. Moving from the under-$500,000 group to the $650,000 to $850,000 group nearly doubles the finished space, from about 1,308 to 2,413 square feet, while the build year barely moves.
The top band is a different product. Above $850,000 the median build year jumps to 1998 and the median size to 3,619 square feet. 59 houses sold above $1 million, and the 15 newly built houses that sold had a median price of $1,625,000. Most of that construction is rebuilds on existing lots rather than new subdivisions.
The ranch is the most common house here. Of the houses that sold, 112 were ranches, followed by 83 colonials and 45 tri-levels. If single-level living is on your list, that is real supply rather than a rarity.
Condos and townhomes by size
Unit size | Units sold | Median price | Median tax bill | Median assessment | Median days to contract |
|---|---|---|---|---|---|
1 bedroom | 82 | $180,000 | $2,785 | $370 | 11 |
2 bedroom | 208 | $258,000 | $3,967 | $436 | 13 |
3 bedroom | 73 | $390,000 | $6,954 | $362 | 16 |
170 of the 369 attached homes sold under $250,000, and 209 sold under $300,000. Watch the assessment as closely as the price: a two-bedroom at $258,000 with a $436 monthly assessment carries about $5,200 a year on top of the mortgage and taxes.
Are prices going up in Arlington Heights?
For houses, yes.
Quarter closed | Houses sold | House median | Attached sold | Attached median | Median days on market |
|---|---|---|---|---|---|
Q3 2025 | 64 | $550,000 | 52 | $253,875 | 12 |
Q4 2025 | 110 | $557,500 | 84 | $249,500 | 16 |
Q1 2026 | 94 | $603,000 | 60 | $266,000 | 13 |
Q2 2026 | 196 | $583,500 | 111 | $273,000 | 7 |
Q3 2026 (partial) | 94 | $662,500 | 62 | $269,000 | 8 |
Source: ConnectMLS, Arlington Heights closed sales. Q3 2026 covers July 1 through August 20 only and will change once the quarter closes.
House medians have moved from $550,000 to $662,500 across five quarters. Treat that last figure carefully. A partial quarter with 94 sales is easily moved by a handful of large transactions, and this village has enough million-dollar rebuilds to do exactly that. The direction across the full run is the reliable signal, not the Q3 number on its own.
Condos and townhomes have moved much less, from about $254,000 to $269,000.
Market time is the cleaner story. The median went from 16 days in Q4 2025 to 7 in Q2 2026 and 8 so far in Q3. Homes are moving roughly twice as fast as they were a year ago.
How much are property taxes in Arlington Heights?
The median tax bill was $9,590 on a house and $3,963 on a condo or townhome, about 1.64% and 1.62% of sale price.
Here is how house bills tracked with price:
Sale price range | Houses sold | Median tax bill | Roughly per month |
|---|---|---|---|
Under $500,000 | 151 | $7,965 | $664 |
$500,000 to $650,000 | 188 | $9,362 | $780 |
$650,000 to $850,000 | 142 | $11,081 | $923 |
Over $850,000 | 77 | $16,116 | $1,343 |
In context: Arlington Heights runs about 1.64% of sale price, against roughly 1.68% in Mount Prospect and 1.79% in Palatine, all computed the same way over the same window. On a $588,000 house, the gap between 1.64% and 1.79% is about $880 a year. Arlington Heights has the highest house prices of the three and the lowest effective rate.
Two caveats that apply to all of it:
These bills lag. Most are from tax years 2023 and 2024 measured against 2025 and 2026 sale prices, so the true current percentage is somewhat higher than 1.64%. The comparison between towns holds; the absolute figures are conservative.
The seller's bill is not your bill. A longtime owner with homeowner and senior exemptions is paying a number that has little to do with what you will pay. The Cook County Homeowner Exemption alone reduces equalized assessed value by $10,000 (Cook County Assessor).
Arlington Heights sits in Cook County's north and northwest suburbs, reassessed in 2025 (Cook County Assessor). Those values flow into current bills, so ask whether the figure on a listing sheet predates the reassessment.
I break the local mechanics down in how Arlington Heights property taxes are calculated, the county-level version in how property taxes work in Cook County, and the full monthly picture in cost of living in Arlington Heights.
What this means if you are buying in Arlington Heights
Eight days is the number to plan around. Half of houses were under contract inside a week and 51% sold above asking. A search that begins without a current pre-approval and a firm monthly ceiling will be exhausting.
Price the whole payment. On a median house, taxes alone run about $799 a month before principal, interest, insurance, or maintenance. On a median condo, taxes and the assessment together run about $740, which is less than the median house's tax bill by itself.
The ZIP code is not your lever. Houses cost within 1% of each other across 60004 and 60005. If you are trying to find more house for the money, size, condition, and build year will move your number far more than which half of the village you search.
Budget for the age. Everything under $850,000 is mostly late-1950s to late-1960s construction. Inspection matters more here than in a town built in the 1990s.
If you are downsizing, 209 attached homes sold under $300,000 in the past year. Ask what the assessment covers and whether the association has reserves for the roof and parking lot before you compare it to your current costs.
What this means if you are selling in Arlington Heights
Do not let anyone price your house off a village-wide median. A house and a townhome here are two different markets sharing a name, and the blended $475,847 figure describes neither.
Speed cuts both ways. With a median of 8 days, a well-prepared listing moves fast. It also means a listing still sitting after three weeks reads as a problem to buyers used to this pace. Pricing correctly at launch matters more in a fast market, not less.
Above $850,000 you are in a different market. That band is newer, larger housing plus rebuilds, and it behaves differently from the rest of the village. If your home is in it, the comps that matter are within it.
If you own a condo or townhome, expect a slower pace than the headlines suggest: 13 days at the median, and 47% selling at or above asking against 65% for houses.
For the wider picture, see the complete guide to living in Arlington Heights or the pros and cons of living in Arlington Heights.
Frequently Asked Questions
What is the median home price in Arlington Heights, IL?
Houses sold at a median of $588,687 and condos and townhomes at $261,000 over the 12 months ending August 20, 2026, across 937 closed sales. The blended village figure of $475,847 averages two very different markets and describes neither (ConnectMLS).
How fast do homes sell in Arlington Heights?
Very fast. Houses went under contract in a median of 8 days, with 65% selling at or above asking and 51% above it. Condos and townhomes took 13 days. Median market time has halved from 16 days in late 2025.
What is the median property tax bill in Arlington Heights?
About $9,590 a year on a house and $3,963 on a condo or townhome, roughly 1.64% and 1.62% of sale price. That is the lowest effective rate of the three towns compared here, below Mount Prospect at 1.68% and Palatine at 1.79%.
Is 60004 or 60005 more expensive in Arlington Heights?
For houses, neither. Medians were $584,250 in 60004 and $591,500 in 60005, about 1% apart. Attached homes differ more, $303,000 against $239,000, but price per square foot is nearly identical, so the gap is unit size and age.
What can you buy in Arlington Heights under $500,000?
151 houses sold under $500,000 in the past year, with a median of about 1,308 finished square feet, three bedrooms, and a median build year of 1957. In attached housing, 209 condos and townhomes sold under $300,000.
Are Arlington Heights home prices rising?
House medians moved from $550,000 in Q3 2025 to $662,500 so far in Q3 2026, though that last figure covers a partial quarter and will change. Condo and townhome medians moved much less, from about $254,000 to $269,000.
About the data: Figures come from 937 MLS closed sales in Arlington Heights between August 21, 2025 and August 20, 2026, excluding records under $50,000. Medians are reported separately for detached and attached homes because blending them produces a number that describes neither, and are shown only where at least eight sales of that type closed in the group. Quarterly figures for Q3 2026 cover July 1 through August 20 only. Tax figures reflect the most recent bill recorded at the time of sale and do not account for exemptions a new owner may or may not qualify for. Comparisons to Mount Prospect and Palatine use the same trailing twelve-month window and the same method. This page is updated quarterly.
Equal Housing Opportunity. Mari and the Dragonfly Home Team conduct business in accordance with the federal Fair Housing Act and the Illinois Human Rights Act. This article is general information about a local housing market and is not legal, tax, or financial advice. Market data reflects a specific period and will change. Please talk with your own attorney, tax professional, or lender about your situation.
