Tracey Velt's Market Report
Chicago, IL
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Chicago, IL
Tue Jun 23 2026
This week the median list price for Chicago, IL is $344,900 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has held steady at or around 1,149.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
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
| Median List Price | $344,900 | |
| Median Price of New Listings | $381,000 | |
| Per Square Foot | $206 | |
| Average Days on Market | 93 | |
| Median Days on Market | 42 | |
| Price Decreased | 27% | |
| Price Increased | 1% | |
| Relisted | 22% | |
| Inventory | 1,149 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $875,000 | 3,300 | - | 5 | 3.5 | 95 | 38 | 54 | 38 |
| $419,900 | 1,800 | - | 4 | 2.5 | 95 | 53 | 62 | 28 |
| $294,900 | 1,500 | - | 4 | 2 | 96 | 34 | 44 | 42 |
| $149,900 | 1,200 | - | 3 | 1.5 | 108 | 29 | 37 | 56 |