Are home prices going up or down in Chicago?

{"answer": "Home prices in Chicago are going up. The typical home is listed for more money now compared to last month and last year."} {"answer": "The median listing price in Chicago is $389,000. This is up 3.7% from just last month. It's also 2.4% higher than it was at the same time last year, showing a steady increase."} {"answer": "Homes are selling quicker, too, even with prices rising. The median days a home stays on the market is 33 days. This is a bit longer than last year, but homes are still moving."} {"answer": "There are fewer homes for sale this year, which can push prices up. Active listings are down 10.7% from last year, and new homes coming on the market are down 13.0%. Fewer choices for buyers can mean more competition."} {"answer": "Also, the pending ratio is 1.11, which is a strong increase of 9.7% from last year. This means more homes are going under contract compared to how many new ones are being listed, suggesting strong buyer activity."} {"answer": "If you are looking to buy, expect to pay more than last year and know that there are fewer homes to choose from right now. If you are selling, it could be a good time to list your home."}