Market Intelligence Report — IL-980

Chicago, IL

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

Ref. No: 2026-IL-09
As of the latest 2026 data
Accelerated

Median Listing

$389K
+4.6% YoY

Pending Ratio

0.69
-2.5% YoY

Active Inventory

15,929
-5.3% YoY

Median DOM

36 Days
-4.0% YoY

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The Chicago-Naperville-Elgin metro housing market is currently in an Accelerated state, characterized by a pending ratio of 0.69. The median listing price stands at $389,450, representing a 4.6% increase year-over-year. Active listings have contracted by 5.3% over the past year, contributing to increased market velocity.

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 continues to tighten, with active listings declining 5.3% year-over-year and new listings seeing a 7.8% reduction over the same period. Despite a month-over-month decline of 1.4% in the median listing price, the year-over-year trend shows a 4.6% gain. Demand, as indicated by the pending ratio of 0.69, shows a slight year-over-year decrease of 2.5%, yet remains robust relative to available supply.

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

$389K-1.4% MoM

Active Inventory

15,929-5.3% YoY

Days on Market

36-4.0% YoY

Sold Score™

85-2.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

85
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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 pace of transactions remains elevated, driven by persistent inventory compression. The pending ratio of 0.69 suggests sustained demand absorption relative to available listings, reducing negotiation windows. This dynamic places greater emphasis on price discipline from prospective buyers given the limited supply.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

15,929 active listings represent the current floor, with new supply arriving at roughly 8,962 per month.

Pricing Pressure
16.3%

of active listings carry a price reduction, -0.2% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +3.4% year-over-year.

Absorption
0.69

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Chicago, IL? Buyer Demand Index is running at 69%.

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
69%
Median Days on Market
36 days
Inventory YoY
−5%

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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