How much down payment do I need in Chicago?

The data you provided does not specifically show down payment amounts. However, I can still tell you about the current housing costs in Chicago, which can help you plan for a down payment. In Chicago, the typical home listed for sale is around $389,000. This is based on the median listing price, which has gone up by 3.7% in just the last month and 2.4% over the past year. Be aware that the average listing price right now is actually much higher, at about $1,373,191. This huge jump of 144.6% from last year suggests there are some very expensive homes on the market, skewing the average. Most homes are closer to that $389,000 median price. When you're thinking about a down payment, remember that homes are selling for about $220 per square foot. Knowing this can help you estimate the overall cost of a home you like. There isn't specific information here on standard down payment percentages in Chicago. Typically, lenders look for down payments of 3.5% to 20% or more, depending on the loan type and your financial situation. On a $389,000 home, a 20% down payment would be $77,800.