| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $394,500 | +3.8% YoY |
| Median price per sq ft | $221 | 1,769 sq ft median |
| Median days on market | 33 | -2% YoY |
| Active listings | 13,809 | -8% YoY |
| New listings this month | 9,816 | June 2026 |
| Listings with a price cut | 13% | Share of active |
| Median sale price (closed) | $397,500 | +5.7% YoY |
| Sale-to-list ratio | 101.1% | Closed sales |
| Gross rental yield | 5.3% | 2BR fair market rent |
Major metropolitan market · Illinois · June 2026 data
Chicago Real Estate Market
As of June 2026, the median home listed in Chicago, IL asks $394,500 — up 3.8% year over year. Homes sell in a median of 33 days, with 13,809 active listings and 13% carrying a price cut — a seller-leaning market. Figures come from public records and industry data, updated monthly.
Median listing price
$394,500
▲ 3.8% YoY
Median $ / sq ft
$221
1,769 sq ft median
Median days on market
33
June 2026
Active listings
13,809
For sale now
New listings
9,816
June 2026
Listings with price cuts
13%
Share of active
Median sale price (closed)
$397,500
▲ 5.7% YoY · closed sales
Sale-to-list ratio
101.1%
Closed sales
Homes sold / month
7,147
Closed sales
Chicago housing market statistics
The table summarizes Chicago's key housing figures for June 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data.
How have home prices changed in Chicago?
Chicago home prices are up 3.8% year over year and +1.4% month over month as of June 2026, at a $394,500 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Chicago IL · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Chicago IL · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Chicago?
Chicago has 13,809 active listings, 9,816 new this month, 13,621 pending as of June 2026. About 13% of active listings have cut their price, and inventory sits at 36% of its 2019 level — a seller-leaning market by pace.
Is Chicago a good real estate investment?
Chicago scores 82/100 on WealthyBud's composite Investor Score, ranking #9 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
82/100
#9 of 932 covered metros
Chicago scores 82/100 on our composite Investor Score (#9 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; at the published FY2026 fair market rent of $1,743/mo for a two-bedroom, the gross rental yield on the median listing is about 5.3%; active inventory sits at 36% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 3.8% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Chicago ranks on the trending markets index.
How much is a monthly mortgage payment in Chicago?
A home at Chicago's $394,500 median listing runs about $1,980 a month in principal and interest — 20% down on a 30-year fixed loan at the current 6.43% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 5.43%
$1,778/mo
−$202/mo vs today
At today's rate · 6.43%
$1,980/mo
National weekly average
If rates rise 1% · 7.43%
$2,192/mo
+$211/mo vs today
Principal & interest on the $394,500 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.
What is driving the Chicago housing market?
Longer-run demand in Chicago shows up in 15,874 homes permitted in 2025; net migration of -47,153 residents; -0.0% job growth. Natural-hazard risk rates Very High. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
15,874
▼ 9.4% vs 2024
1.7 per 1,000 residents
Net migration (2022–2023)
-47,153
▼ people, via tax-return records
net income flow −$5179.4M/yr
Job growth (YoY)
-0.0%
▲ 4,781.2k nonfarm jobs · May 2026
Natural-hazard risk
Very High
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest Chicago real estate news?
Cities With the Fastest-growing Home Prices in IllinoisStacker · 2026-06-29→Illinois home prices jump as inventory plungesIllinois Policy · 2026-03-26→Real Estate Market Trends in Chicago, IL: Prices FallYahoo Finance · 2026-04-10→Affordability — or the lack of it — will define Chicago’s housing market this year, experts sayWBEZ Chicago · 2026-01-30→
Chicago headlines indicate conflicting trends of falling prices but also price growth and affordability concerns amidst low inventory. — AI-generated summary of the headlines above; read the linked coverage before relying on it.
Headlines collected 2026-07-05; each links to the original publisher.
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Chicago by ZIP code
Median price, pace and inventory for 62 Chicago ZIPs — the spread behind the metro number.
Explore DirectoryTop agents in Chicago
The highest-producing real estate agents in Chicago, ranked by recent sales.
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The groups setting production records nationwide.
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Hours, exam and the commission that regulates Illinois agents.
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What real estate agents actually earn across Illinois.
ReadChicago housing market FAQ
What is the median home price in Chicago?
As of June 2026, the median listing price in Chicago, IL is $394,500, up 3.8% year over year (source: public records and industry data).
How much does it cost to buy a home in Chicago?
The median home listed in Chicago asks $394,500 as of June 2026. With 20% down on a 30-year fixed loan at the current 6.43% national average rate, that runs about $1,980 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Chicago?
The median property in Chicago spends 33 days on the market, with 13,809 homes actively listed and 13% of them carrying a price cut — a seller-leaning market by pace as of June 2026.
Is it a buyer's or seller's market in Chicago?
With a median 33 days on market and 13% of active listings carrying a price cut, Chicago reads as a seller-leaning market as of June 2026. Faster sales and fewer price cuts favor sellers; slower sales and more cuts favor buyers. Conditions shift monthly.
Is Chicago a good place to invest in real estate?
Chicago scores 82/100 on WealthyBud's Investor Score, ranking #9 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Chicago?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Chicago and the wider Illinois market, ranked by recent sales from public profile data.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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