Are there a lot of new construction homes in Chicago?

There is no direct information about new construction homes. However, we can look at the overall trends in homes for sale to get a hint that there are not a lot of new homes adding to the market. The number of homes being listed in Chicago is down. In May 2026, there were 9,700 new listings, which is 13% less than the year before. This means fewer homes are coming onto the market overall. The total number of homes for sale is also lower. There were 12,574 active listings, which is 10.7% less than the previous year. This suggests that the current supply of available homes, including any new construction, is shrinking. Homes are also selling a bit slower. The median time a home stayed on the market was 33 days, which is 3.1% longer than last year. Even with fewer homes available, they are not flying off the shelves super quickly. For someone looking to buy a home, these numbers mean there aren't as many choices as there used to be. You might need to be patient and ready to act when a suitable home comes up, as the overall supply of homes is lower.