Tracey Velt's Market Report
Chicago, IL
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Chicago, IL
Wed May 13 2026
This week the median list price for Chicago, IL is $329,999 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has increased to 1,220.
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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $329,999 | |
| Median Price of New Listings | $424,900 | |
| Per Square Foot | $211 | |
| Average Days on Market | 96 | |
| Median Days on Market | 42 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 21% | |
| Inventory | 1,220 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $950,000 | 3,250 | - | 5 | 3.5 | 77 | 70 | 63 | 28 |
| $399,900 | 1,799 | - | 4 | 2.5 | 98 | 78 | 65 | 28 |
| $279,000 | 1,400 | - | 4 | 2 | 97 | 33 | 56 | 49 |
| $160,000 | 1,180 | - | 3 | 1.5 | 104 | 40 | 64 | 56 |