Market Update
Chicago
Q1 2026
Residential Property Snapshot
Single Family Homes & Condos | Q1 2026
Med. Sales Price
$380k
5% more than in
Q1 2025
Q1 2025
Avg. Days On Market
36
10% fewer than in
Q1 2025
Q1 2025
Closed Sales
3,869
7% fewer than in
Q1 2025
Q1 2025
Inventory
3,306
20% fewer than in
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $325k | $445k | 6226 |
| Q1 '23 | $315k | $437k | 4218 |
| Q1 '24 | $333k | $458k | 3908 |
| Q1 '25 | $363k | $510k | 4162 |
| Q1 '26 | $380k | $519k | 3869 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 65.2% |
|---|---|
| Q1 '26 | 2521 |
| Q1 '25 | 2812 |
| 1YR CHANGE | -10% |
| Closed $500k - $1m | 25.8% |
| Q1 '26 | 999 |
| Q1 '25 | 982 |
| 1YR CHANGE | +2% |
| Closed $1m - $2m | 7.2% |
| Q1 '26 | 278 |
| Q1 '25 | 285 |
| 1YR CHANGE | -2% |
| Closed Over $2m | 1.8% |
| Q1 '26 | 71 |
| Q1 '25 | 83 |
| 1YR CHANGE | -14% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 45 | $325k |
| Q1 '23 | 46 | $315k |
| Q1 '24 | 41 | $333k |
| Q1 '25 | 40 | $363k |
| Q1 '26 | 36 | $380k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q1 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-20%
New Listings
New Listings represents the number of properties listed during the quarter.
9%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
-15%
Closed Sales
-7%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
-10%
Far North Side
Median
$603k
DOM
21
Sales
136
Inv
58
Loop
Median
$415k
DOM
50
Sales
271
Inv
352
Lower West Side
Median
$435k
DOM
26
Sales
13
Inv
15
Near North Side
Median
$466k
DOM
44
Sales
460
Inv
613
Near South Side
Median
$256k
DOM
43
Sales
45
Inv
112
Near West Side
Median
$415k
DOM
40
Sales
176
Inv
155
North Side
Median
$587k
DOM
28
Sales
484
Inv
218
West Side
Median
$625k
DOM
26
Sales
97
Inv
47
West Town
Median
$650k
DOM
23
Sales
256
Inv
95