How competitive is the Chicago housing market?

Chicago is competitive as of September 2026, with a Sold Score of 85/100 (Excellent Chance of Selling). **Pending ratio** is 0.69 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is -5.3% — fewer choices for buyers than a year ago. **Median days on market** is 36. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 35.9% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (September 2026): Sold Score: 85/100 (Excellent Chance of Selling) · Pending ratio: 0.69 · Inventory YoY: -5.3% · Median days on market: 36 · Sellers cutting price: 35.9% · Median listing price: $389,450 (+4.6% YoY)