Should I move to Chicago?

The median listing price in Chicago is currently $392,500. This is a slight dip of 0.5% compared to the previous month, but it's still 4.1% higher than it was at this time last year. There are 14,609 homes actively for sale right now, which is 7.0% fewer than last year. New listings are also down by 5.5% over the past year, with 10,056 homes hitting the market recently. Homes are selling a little quicker, staying on the market for a median of 35 days. This is 2.8% less time than a year ago. Also, fewer homes are seeing price drops, with 14.1% having a price reduction, down 1.4% from last year. The average listing price has gone up significantly by 68.0% over the last year, reaching $925,733. However, the median price per square foot has only increased by 2.9% to $221, which gives a more typical view for most homes. For someone thinking about moving to Chicago, these numbers suggest that while median home prices are up year-over-year, there are fewer homes to choose from, and homes are selling relatively quickly. You might find fewer deals with price reductions, but the median price per square foot shows steady growth.