Is Chicago, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
At the same time last year, Chicago was a Seller's Market.
How much do homes in Chicago, IL cost?
Median Sold Price
$347,343
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
Median Sold Price By Bedroom Count
# BEDS | Dec 2021 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | $219.6K | $224.9K | +2.4% |
2 Bedrooms | $331.1K | $339.6K | +2.6% |
3 Bedrooms | $395.7K | $403.9K | +2.1% |
4 Bedrooms | $410.8K | $402.9K | -1.9% |
5+ Bedrooms | $424.7K | $418K | -1.6% |
Median Sold Price Compared To Nearby Cities
Cicero | $250K | $262.4K | +5.0% |
Cicero Township | $250K | $262.4K | +5.0% |
Chicago | $345.7K | $347.3K | 0.5% |
Oak Park Township | $398K | $394.9K | -0.8% |
Oak Park | $398K | $394.5K | -0.9% |
How many homes are available in Chicago, IL?
Number of Homes For Sale
Nov 2022 | Dec 2022 | % |
---|---|---|
9,534 | 9,299 | -2.5% |
Homes For Sale By Bedroom Count
# BEDS | Nov 2022 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | 974 | 922 | -5.3% |
2 Bedrooms | 2,294 | 2,184 | -4.8% |
3 Bedrooms | 2,859 | 2,793 | -2.3% |
4 Bedrooms | 1,496 | 1,487 | -0.6% |
5+ Bedrooms | 1,911 | 1,913 | 0.1% |
Number of Homes Sold
Nov 2022 | Dec 2022 | % |
---|---|---|
1,648 | 1,494 | -9.3% |
Asking Price vs. Sold Price
977 Homes Were Sold
Under Asking
196 Homes Were Sold
At Asking
321 Homes Were Sold
Over Asking
Average Sale Time
Dec 2021 | Dec 2022 | % |
---|---|---|
38 Days | 40 Days | +4.5% |
Breakdown of Home Sale Times
876 Homes Were Sold
Under 30 Days
449 Homes Were Sold
In 30 - 90 Days
169 Homes Were Sold
Over 90 Days