New Construction0 views · 1 answer
Are there a lot of new construction homes in Chicago?
Chicago snapshot
As of the latest 2026 data- Median listing
- $389K
- YoY +0.0%
- Active inventory
- 15,929
- YoY -0.1%
- Median DOM
- 36
- YoY -0.0%
- Pending ratio
- 0.69
- YoY -0.0%
- Price-reduced
- 16.3%
- YoY -0.0%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
There is no specific data available about new construction homes in Chicago in the information provided. The numbers we have focus on the overall housing market. This means I can't directly answer your question about new construction.However, we can look at some general market trends. The total number of homes for sale right now is 15,929. This is slightly fewer than last year, down by 5.3%. The number of new homes coming on the market is 8,962, which is also a decrease of 7.8% compared to a year ago. Homes are selling a bit faster, staying on the market for a median of 36 days. This is 4.0% less time than they took to sell last year. The median listing price is $389,450, which is up 4.6% over the past year. Overall, the market shows fewer homes available and quicker sales, suggesting a competitive environment for buyers. If you are looking for new construction, you might want to consult a local real estate agent who specializes in those properties.
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