RealTrends Market Report

Chicago, IL

Single-Family Homes

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Chicago, IL

Tue Jul 22 2025
This week the median list price for Chicago, IL is $325,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 1,601. 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 started cooling and prices have recently plateaued. Since 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

Tue Jul 22 2025
This week the median list price for Chicago, IL is $325,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 1,601. 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 started cooling and prices have recently plateaued. Since 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 $325,000
Median Price of New Listings $345,000
Per Square Foot $202
Average Days on Market 96
Median Days on Market 49
Price Decreased 27%
Price Increased 1%
Relisted 26%
Inventory 1,601
Median Rent
Market Action 43
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$949,900 3,500 - 5 3.5 93 56 36 56
$399,999 1,800 - 4 2 93 48 57 42
$275,000 1,500 - 4 2 97 44 58 56
$154,450 1,200 - 3 1.5 104 45 69 63