Market Intelligence Report — IL-980

Chicago, IL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IL-08
As of the latest 2026 data
Accelerated

Median Listing

$395K
+5.4% YoY

Pending Ratio

0.80
+1.0% YoY

Active Inventory

15,130
-6.0% YoY

Median DOM

36 Days
-2.7% YoY

Primary Intelligence Tool — Sold Score™

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The Chicago-Naperville-Elgin metro market is in an accelerated state, evidenced by a pending ratio of 0.80. Active listings have contracted by 6.0% year-over-year, while the median listing price has increased by 5.4% over the past year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

Data not yet available.

Shows whether local employment conditions are supporting buyer demand.

Population & Migration

9.43M+0.2% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Chicago market right now.

Inventory levels continue to tighten, with active listings declining by 6.0% year-over-year and new listings seeing a 7.5% year-over-year reduction. Demand remains robust, reflected in a pending ratio of 0.80 and a modest 1.0% year-over-year increase. The median listing price has risen by 5.4% over the past year, while the median days on market have decreased by 2.7% year-over-year.

Stable Midwest pricing with strong rental yield in the Loop and North Side.

Michael Saladino
Michael Saladino
Keller Williams Realty

Local pricing and inventory dynamics across Chicago shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$395K+0.6% MoM

Active Inventory

15,130-6.0% YoY

Days on Market

36-2.7% YoY

Sold Score™

86+1.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

86
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market dynamics indicate sustained buyer interest, with a high pending ratio suggesting strong absorption of available properties. The contraction in active inventory and decreasing days on market place upward pressure on pricing. This environment necessitates prompt engagement from prospective buyers, with less room for extended negotiations.

Luxury Segment

The average listing price has increased by 2.4% year-over-year, lagging the 5.4% year-over-year rise in the median listing price. This differential suggests some relative price discipline or slower appreciation within higher price tiers compared to the broader market, though median $/sqft saw a 3.6% year-over-year increase.

Supply Dynamics

15,130 active listings represent the current floor, with new supply arriving at roughly 8,780 per month.

Pricing Pressure
14.6%

of active listings carry a price reduction, -1.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +3.6% year-over-year.

Absorption
0.80

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Chicago, IL? Buyer Demand Index is running at 80%.

Demand in Chicago, IL is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
80%
Median Days on Market
36 days
Inventory YoY
−6%

Demand is strong in Chicago, IL. Check your Sold Score before you price — conditions this favorable don't hold forever.

See how fast my home should sell

Talk to a local listing expert covering Chicago, IL.

Michael Saladino

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

MSA Population
9.4M
Metro Area
Chicago–Naperville–Elgin
CBSA Code
16980
State
IL

ZIPs in Chicago, IL

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