Chicago, IL
Monthly housing intelligence, market trends, and trusted local expertise.
Updated: May 2026
Primpted Sold Score™
How Strong Is Your Chicago Home's Selling Position?
See how your property stacks up against Chicago's current market conditions, buyer demand, inventory, and recent sales.
Based on the latest Economic Research
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The Chicago-Naperville-Elgin metropolitan housing market is exhibiting a Very Competitive condition, as evidenced by a pending ratio of 1.11, significantly exceeding the 0.80 threshold. This indicates that demand continues to strongly outpace available inventory. Active listings have contracted by 10.7% year-over-year, further intensifying competitive dynamics.
The market is defined by a notable contraction in inventory, with active listings down 10.7% year-over-year and new listings declining by 13.0% over the same period. Concurrently, demand indicators are robust, with the pending ratio increasing by 9.7% year-over-year to 1.11. Median listing price growth stands at 2.4% year-over-year, while median days on market saw a modest increase of 3.1% year-over-year.
Stable Midwest pricing with strong rental yield in the Loop and North Side.
Market Signals & Indicators
The elevated pending ratio, coupled with a shrinking inventory base, places substantial pressure on the pace of transactions. Market participants should anticipate a rapid absorption of new listings, requiring swift decision-making. Price discipline is maintained by the constricted supply relative to sustained demand.
The average listing price has seen a substantial increase of 144.6% year-over-year, alongside modest 1.2% year-over-year growth in median $/sqft. This divergence suggests a shift in the composition of listed properties at the higher price tiers, rather than broad-based price appreciation, impacting the average but not the median. No distinct luxury-segment signal in this dataset.
12,574 active listings represent the current floor, with new supply arriving at roughly 9,700 per month.
of active listings carry a price reduction, -0.4% from prior period.
Median price per square foot has moved +1.2% year-over-year.
Pending-to-active ratio — Very Competitive.
Metro Demographics
ZIPs in Chicago, IL
60611
chicago
$643K
354 active · 46 DOM
60628
chicago
$185K
133 active · 44 DOM
60409
calumet city
$161K
124 active · 65 DOM
60619
chicago
$231K
115 active · 40 DOM
60601
chicago
$752K
114 active · 42 DOM
60411
chicago heights
$215K
114 active · 41 DOM
60610
chicago
$497K
111 active · 38 DOM
60453
oak lawn
$249K
110 active · 30 DOM
60617
chicago
$215K
100 active · 45 DOM
60419
dolton
$169K
99 active · 77 DOM
60607
chicago
$580K
99 active · 32 DOM
60620
chicago
$283K
95 active · 40 DOM
60614
chicago
$1.05M
95 active · 23 DOM
60605
chicago
$399K
95 active · 31 DOM
60654
chicago
$502K
92 active · 31 DOM
60466
park forest
$160K
91 active · 60 DOM
60438
lansing
$200K
88 active · 51 DOM
60585
plainfield
$625K
83 active · 30 DOM
Sorted by active inventory · click a ZIP for its full report
