The Chicago housing market is somewhat competitive. Homes in Chicago receive 3 offers on average and sell in around 75 days. The median sale price of a home in Chicago was $363K last month, up 7.4% since last year. The median sale price per square foot in Chicago is $283, up 3.7% since last year.

Jan 14, 2025 · To put it simply, as of November 2024, we're seeing increased home sales and rising median prices in Chicago, though the number of available homes is decreasing, creating a potentially competitive environment. Let's dive deeper and break it down. Let’s talk about how many homes are actually selling.

Mar 13, 2023 · Despite lower consumer and builder confidence, housing inventory and buyer demand are growing in the Chicago metro area. Using information from the U.S. News Housing Market Index, we’ve compiled...

The average home value in Chicago, IL is $303,595, up 2.8% over the past year. Learn more about the Chicago housing market and real estate trends.

Apr 10, 2025 · Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. Learn more about our local markets and property types by clicking our most recent Chicago MarketBeat reports below.

The Chicago housing market remains competitive in 2025, with price growth and stable supply. Explore real estate trends & local amenities in your neighborhood!

4 days ago · In March, the median sales price of a home in the city limits was $380,000, up from $360,000 in February, according to data from Illinois Realtors, a trade association for real estate agents.

Apr 26, 2025 · Chicago’s housing market continues to draw attention from both investors and primary homeowners due to its relatively accessible price points, robust rental demand, and wide selection of housing types—from luxury high-rises downtown to affordable single-family homes in up-and-coming neighborhoods.

Jan 13, 2025 · Chicago ranked 39th on the list, falling 17 spots from 2024. Chicago’s home values are expected to rise 1.2% this year, according to the report. Buffalo, New York, was named the hottest market for 2025, followed by Indianapplis and Providence, Rhode Island.

Discover the latest trends and statistics in the Chicago real estate market, including a projected 12% increase in median home price for December 2024.