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How competitive is the Chicago housing market?

P

Primpted Housing Analyst

Updated monthly · Data through August 2026 · v268

Data-backed
Sold Score
86/100
YoY Excellent Chance of Selling
Pending ratio
0.80
YoY contracts vs active
Inventory YoY
-0.1%
YoY active listings
Median DOM
36
YoY days on market
Price cuts
34.7%
YoY of active listings
Chicago is competitive as of August 2026, with a Sold Score of 86/100 (Excellent Chance of Selling). **Pending ratio** is 0.80 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is -6.0% — 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 34.7% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (August 2026): Sold Score: 86/100 (Excellent Chance of Selling) · Pending ratio: 0.80 · Inventory YoY: -6.0% · Median days on market: 36 · Sellers cutting price: 34.7% · Median listing price: $395,000 (+5.4% YoY)

Chicago snapshot

As of the latest 2026 data
Median listing
$395K
YoY +0.1%
Active inventory
15,130
YoY -0.1%
Median DOM
36
YoY -0.0%
Pending ratio
0.80
YoY +0.0%
Price-reduced
14.6%
YoY -0.0%

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