Market Update
Chicago
Q3 2026
Residential Property Snapshot
Single Family Homes & Condos | Q3 2026
Med. Sales Price
$405k
10% more than in
Q3 2025
Q3 2025
Avg. Days On Market
25
11% fewer than in
Q3 2025
Q3 2025
Closed Sales
5,512
4% fewer than in
Q3 2025
Q3 2025
Inventory
3,949
12% fewer than in
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $329k | $447k | 6531 |
| Q3 '23 | $330k | $447k | 5764 |
| Q3 '24 | $350k | $487k | 5582 |
| Q3 '25 | $369k | $510k | 5734 |
| Q3 '26 | $405k | $560k | 5512 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 62.1% |
|---|---|
| Q3 '26 | 3425 |
| Q3 '25 | 3870 |
| 1YR CHANGE | -11% |
| Closed $500k - $1m | 26.9% |
| Q3 '26 | 1485 |
| Q3 '25 | 1364 |
| 1YR CHANGE | +9% |
| Closed $1m - $2m | 8.2% |
| Q3 '26 | 454 |
| Q3 '25 | 368 |
| 1YR CHANGE | +23% |
| Closed Over $2m | 2.7% |
| Q3 '26 | 148 |
| Q3 '25 | 132 |
| 1YR CHANGE | +12% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 28 | $329k |
| Q3 '23 | 28 | $330k |
| Q3 '24 | 28 | $350k |
| Q3 '25 | 28 | $369k |
| Q3 '26 | 25 | $405k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q3 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-12%
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.
-9%
Closed Sales
-4%
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.
-11%
Far North Side
Median
$720k
DOM
13
Sales
227
Inv
80
Loop
Median
$404k
DOM
34
Sales
402
Inv
300
Lower West Side
Median
$385k
DOM
32
Sales
11
Inv
17
Near North Side
Median
$454k
DOM
33
Sales
659
Inv
652
Near South Side
Median
$310k
DOM
53
Sales
85
Inv
136
Near West Side
Median
$418k
DOM
20
Sales
244
Inv
176
North Side
Median
$681k
DOM
17
Sales
743
Inv
285
West Side
Median
$645k
DOM
12
Sales
163
Inv
84
West Town
Median
$700k
DOM
14
Sales
294
Inv
143