Median sale price01 / 06
$405,000
+8.0%vs. Aug 2025
Prices kept climbing. 1,907 homes closed in August, 2.7% fewer than a year ago.
Source: Illinois REALTORS® City of Chicago report (MLS data), Aug 2026
Chicago market report · August 2026 data
Six numbers that tell you what buying or selling in the city feels like right now. Updated every month; last updated October 12, 2026.
Prices kept climbing. 1,907 homes closed in August, 2.7% fewer than a year ago.
The typical home that sold went under contract in under a month. Year to date: 27 days, down from 30.
3,541 homes for sale, down from 4,616. At August's pace, the city would sell out in about two months.
Homes sold for 1.5% over asking on average. Almost half sold above list price, up 7.1 points from last year.
The national 30-year fixed average as of Oct 8. On a $400K loan, one point adds roughly $270 to the monthly payment.
Median sale price over the 3 months ending September. Neighborhood medians swing with the mix of homes sold, so treat the jump as a direction, not a forecast.
Get custom new-listing alerts and a straight read on what to offer.