Ballard Terrace, IL Housing Market

$351,764

5.4% 1-yr

The average Ballard Terrace, IL home value is $351,764, up 5.4% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Ballard Terrace Key Takeaways

Typical Home Values: $351,764

1-year Value Change: +5.4%

(Data through January 31, 2026)

Ballard Terrace Housing Market Overview

--1-year Market Forecast

--For sale inventory(January 31, 2026)

--New listings(January 31, 2026)

--Median sale to list ratio

--Median sale price(December 31, 2025)

--Median list price(January 31, 2026)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Courtland Park$328,177
Washington Park$365,878
Ransom Ridge$485,864
Oak Park$430,227
Emerson Place$488,949
Golden Acres$492,524
Oakton Manor$394,937
The Terrace$410,524
Grennan Heights$399,592

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Ballard Terrace Rental Market Trends

--Average rent in Ballard Terrace

$1,895National average rent(January 31, 2026)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.