How long do homes take to sell in Chicago?

Homes in Chicago are selling in about a month. The typical home is on the market for 33 days before it goes under contract. This "median days on market" number was slightly higher by 3.1% compared to last year. So, homes are taking just a little longer to sell than they were at this time last year. The available homes for sale are down by 10.7% from last year, with 12,574 active listings. There are also fewer new homes being listed, down 13.0% with 9,700 new listings. This means fewer homes are coming onto the market. Right now, there are more homes waiting to close than there are homes available to buy. For every 100 homes listed, 111 are pending sale, which means demand is strong. This "pending ratio" is up 9.7% from last year. If you are thinking of selling, homes are still moving relatively quickly. With fewer homes on the market and strong buyer interest, your home could find a buyer within that 33-day timeframe.