$168,000
8104 S Euclid Ave
Chicago, IL
3 bd2 ba
House
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Chicago, IL Housing Market & Real Estate
Leaning buyer's+6.9% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Chicago, IL is $390,000, up 6.9% year-over-year. Homes sell in an average of 69 days with 5,707 active listings. The market is currently a leaning buyer's.
$390,000median sale price
Is Chicago a buyer's or seller's market?
Leaning buyer's4.1 months of supply69 avg. days on market
Chicago, IL is currently a leaning buyer's, based on 4.1 months of supply and homes selling in about 69 days. How we determine this →
Homes sold
1,406
Last 12 weeks
Days on market
69
Average pace
Active listings
5,707
4.1 months supply
Sale-to-list
99.2%
Below asking
Chicago, IL market data
| Metric | Value |
|---|---|
| Median sale price | $390,000 |
| Median list price | $399,900 |
| Year-over-year price change | +6.9% |
| Average days on market | 69 days |
| Active inventory | 5,707 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 99.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Chicago housing market is currently classified as a leaning buyer's with a median sale price of $390,000. Prices have risen 6.9% compared to last year, with homes spending an average of 69 days on market, indicating 4.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Chicago
There are currently 5,707 homes listed for sale in Chicago, Illinois. The median listing price is $400K. Featured listings range from $168,000 to $1,350,000.
$181,000
10230 S Parnell Ave
Chicago, IL
4 bd2 ba1,714 sqft
House
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$205,000
6301 N Sheridan Rd Apt 6O
Chicago, IL
2 bd2 ba1,250 sqft
Condo
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$289,900
9713 S Ellis Ave
Chicago, IL
3 bd2 ba2,200 sqft
House
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$299,000
609 W Melrose St Apt 2
Chicago, IL
1 bd1 ba
Condo
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$499,000
1000 N Lake Shore Dr Unit 2009
Chicago, IL
2 bd2 ba
Condo
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$525,000
Address unavailable
Chicago, IL
3 bd3 ba
House2,452 sqft lot
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$549,000
1040 W Adams St Unit 346
Chicago, IL
2 bd2 ba1,090 sqft
Condo
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$599,900
5700 W Melrose St
Chicago, IL
6 bd3 ba
Multi-family
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$657,000
4505 S Drake Ave
Chicago, IL
4 bd4 ba3,180 sqft
House
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$949,000
911 W Diversey Pkwy
Chicago, IL
4 bd3 ba2,142 sqft
House
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$1,350,000
155 N Harbor-3314 Dr Unit 3301-3302
Chicago, IL
3 bd4 ba2,743 sqft
Condo
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Looking to buy in Chicago?
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Active listings
5,707
Homes on market
Median list price
$400K
Avg. days on market
69
Days until sale
New this week
2,467
Newly listed
Price drops:12.1%of listings
Sale-to-list:99.2%
Top public schools in Chicago
50 schools tracked · 75,894 students
The largest public schools serving Chicago, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lane Technical High School
Grades 7-12 · 4,525 students
Taft High School
Grades 7-12 · 4,416 students
Curie Metropolitan High School
Grades 9-12 · 3,136 students
Kenwood Academy High School
Grades 7-12 · 2,337 students
Young Magnet High School
Grades 7-12 · 2,221 students
Lincoln Park High School
Grades 9-12 · 2,125 students
Jones College Prep High School
Grades 9-12 · 1,973 students
Thomas Kelly College Preparatory
Grades 9-12 · 1,862 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in IL
Frequently asked questions
What is the average home price in Chicago?
The median home sale price in Chicago is $390,000, up 6.9% from last year.
How long do homes stay on market in Chicago?
Homes typically spend 69 days on market before going under contract.
Is Chicago a buyer's or seller's market?
With 4.1 months of supply, Chicago is currently a leaning buyer's.
How many homes are for sale in Chicago?
There are currently 5707 homes listed for sale in Chicago, IL.
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