Market Report

Chicago, IL

Single-Family Homes

Zak Herman I zak@paretogroup.realestate I (312) 883-8550


Chicago, IL

Sat Sep 12 2026
This week the median list price for Chicago, IL is $344,900 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 1,243. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Chicago, IL

Sat Sep 12 2026
This week the median list price for Chicago, IL is $344,900 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 1,243. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $344,900
Median Price of New Listings $343,995
Per Square Foot $207
Average Days on Market 95
Median Days on Market 49
Price Decreased 27%
Price Increased 0%
Relisted 27%
Inventory 1,243
Median Rent
Market Action 44
Slight Seller's Advantage

The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

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
$760,000 3,000 - 4 3.5 92 30 40 63
$419,999 1,800 - 4 2.5 93 39 53 35
$287,500 1,443 - 4 2 100 36 46 42
$159,999 1,200 - 3 1.5 107 33 33 70