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Home/Markets/Chicago, IL
Buyer's Market · Updated June 2026

ChicagoHousing Market

Live market data for Chicago, Illinois. Median prices, inventory, days on market, and AI-powered trend analysis — backed by Redfin MLS data.

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Median Sale Price
+2.3% YoY

$289,975

Prices in Chicago have appreciated +2.3% compared to last year.

Days on Market

13

Fast-moving market — homes sell quickly.

Active Listings

122

41 sold (30d)

Price / Sq Ft

$145

Median listing PPSF

Months of Inventory

6.1

Buyer's Market

Sold (30 days)

41

In ZIP 60601

AI Market Analysis

WHAT'S HAPPENING IN CHICAGO RIGHT NOW

The Chicago, IL housing market currently shows a median sale price of $289,975 — up +2.3% year-over-year. Homes are selling in an average of 13 days, with 122 active listings available.

With 6.1 months of inventory, Chicago is currently a buyer's market. Buyers have more negotiating power, and sellers may need to price competitively to attract offers. Buyers can take more time to evaluate and negotiate. Price per square foot sits at $145.

In the last 30 days, 41 homes have sold in this market. Real estate agents in Chicago use MarketPulse to send branded weekly market updates to past clients, helping them stay top-of-mind and earn repeat business.

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COMMON QUESTIONS ABOUT CHICAGO

Quick answers based on the latest market data.

What's the median home price in Chicago, IL?+
As of June 2026, the median home sale price in Chicago, IL is $289,975. This is up +2.3% year-over-year.
Is Chicago a buyer's market or seller's market?+
Chicago currently has 6.1 months of inventory, making it a buyer's market. Inventory is high (over 6 months) which favors buyers — there's more negotiating room and sellers may price competitively.
How long do homes take to sell in Chicago?+
Homes in Chicago are currently selling in an average of 13 days. This is fast-moving — well-priced homes attract offers quickly.
How is this data calculated?+
Market data is aggregated from Redfin's public MLS feeds and updated daily. Median prices reflect closed sales, days on market measures listing-to-contract time, and inventory is calculated from active listings divided by the recent sales pace.

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