Market Report

Chicago, IL

Single-Family Homes

The Pareto Group I zak@paretogroup.realestate I (312) 883-8550


Chicago, IL

Mon Apr 20 2026
This week the median list price for Chicago, IL is $324,900 with the market action index hovering around 44. This is an increase over last month's market action index of 41. Inventory has held steady at or around 1,168. Click here to stay informed with the Chicago market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Chicago, IL

Mon Apr 20 2026
This week the median list price for Chicago, IL is $324,900 with the market action index hovering around 44. This is an increase over last month's market action index of 41. Inventory has held steady at or around 1,168. Click here to stay informed with the Chicago market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $324,900
Median Price of New Listings $384,950
Per Square Foot $203
Average Days on Market 103
Median Days on Market 49
Price Decreased 22%
Price Increased 1%
Relisted 24%
Inventory 1,168
Median Rent
Market Action 44
Slight Seller's Advantage

Prices are climbing and we’re nearing the market’s all time high so watch the Market Action Index as an indicator of how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$899,000 3,290 - 5 3.5 86 55 47 42
$386,500 1,789 - 4 2 98 62 45 35
$275,000 1,392 - 4 2 97 36 48 56
$150,000 1,200 - 3 1.5 108 29 39 70