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Are sellers cutting prices in Chicago?

Chicago snapshot

As of the latest 2026 data
Median listing
$389K
YoY +0.0%
Active inventory
12,574
YoY -0.1%
Median DOM
33
YoY +0.0%
Pending ratio
1.11
YoY +0.1%
Price-reduced
11.1%
YoY -0.0%
P

Primpted Housing Analyst

Data-backed

Primpted research desk

Yes, some sellers in Chicago are cutting prices. About 11.1% of listings had a price cut in May. This means roughly one in nine homes for sale saw a price reduction.

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