Chicago, IL Housing Market Trends

Market Overview for Q3 2026

$360K 9.1% Y-o-Y $30K Y-o-Y
$300 6.8% Y-o-Y $19 Y-o-Y
4,118 -20.1% Y-o-Y -1,035 Y-o-Y
$370K 17% Y-o-Y $54K Y-o-Y
Chicago, IL Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $294,000 $311,000 $288,000 0
2023 $280,000 $305,000 $295,000 $284,000
2024 $300,000 $325,000 $315,000 $310,000
2025 $325,000 $345,000 $330,000 $328,000
2026 $325,000 $375,000 $360,000
Chicago, IL Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $229 $256 $236 0
2023 $223 $249 $246 $237
2024 $243 $272 $261 $253
2025 $256 $281 $281 $269
2026 $267 $305 $300
Real Estate Transactions in Chicago, IL
Year Q1 Q2 Q3 Q4
2022 6,637 9,120 6,205 0
2023 3,844 6,294 5,457 4,116
2024 4,006 6,228 5,351 4,470
2025 4,065 6,037 5,153 3,531
2026 3,595 5,493 4,118
Cook County Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $275,000 $300,000 $280,000 0
2023 $267,000 $300,000 $300,000 $280,000
2024 $290,000 $325,000 $320,000 $305,000
2025 $312,000 $340,000 $330,000 $330,000
2026 $325,000 $360,000 $358,000
Chicago, IL Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $294,000 $311,000 $288,000 0
2023 $280,000 $305,000 $295,000 $284,000
2024 $300,000 $325,000 $315,000 $310,000
2025 $325,000 $345,000 $330,000 $328,000
2026 $325,000 $375,000 $360,000
Chicago, IL Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $229 $256 $236 0
2023 $223 $249 $246 $237
2024 $243 $272 $261 $253
2025 $256 $281 $281 $269
2026 $267 $305 $300
Real Estate Transactions in Chicago, IL
Year Q1 Q2 Q3 Q4
2022 6,637 9,120 6,205 0
2023 3,844 6,294 5,457 4,116
2024 4,006 6,228 5,351 4,470
2025 4,065 6,037 5,153 3,531
2026 3,595 5,493 4,118
Cook County Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $275,000 $300,000 $280,000 0
2023 $267,000 $300,000 $300,000 $280,000
2024 $290,000 $325,000 $320,000 $305,000
2025 $312,000 $340,000 $330,000 $330,000
2026 $325,000 $360,000 $358,000

Housing Market Trends by Property Type

Property Type
Median Sale Price
Median Sale Price (Y-o-Y)
Median Sale Price/Sq. Ft.
Median Sale Price/Sq. Ft. (Y-o-Y)
No. of Transactions
Condos
$349K
9.1%
-
-
2,130
Other Residential
$364K
9%
$297
6.8%
1,783
Houses
$530K
3.9%
$325
1.2%
205

Chicago, IL Housing Stock

Property Type
Units
Condo
285,994
Townhouse
23,126
Other
281,845

Cook County: Demographics

Total population
2,711,226
Median age
35.8
No high school education
6.2%
Some high school/college
28.3%
Bachelor's degree
25.0%
Average household income
$116,016
Occupied housing units
1,160,205
Owner-occupied units
46.0%
Renter-occupied units
54.0%
Median year structure built
1953

Discover Housing Market Trends in Other Cities

#
City
Median Sale Price
1
Winnetka
$1.4M
2
Wilmette
$983K
3
Western Springs
$900K
4
Barrington
$780K
5
Glenview
$744K
6
Northbrook
$730K
7
Lemont
$725K
8
River Forest
$643K
9
Park Ridge
$598K
10
LA Grange
$529K
12
Evanston
$480K
13
Morton Grove
$463K
14
Oak Park
$450K
15
Mount Prospect
$438K
16
Skokie
$430K
17
Riverside
$430K
18
Harwood Heights
$424K
19
Orland Park
$412K
20
Hoffman Estates
$405K
21
Niles
$400K
22
Rolling Meadows
$395K
24
Palatine
$386K
25
Palos Heights
$379K
26
Prospect Heights
$378K
27
Westchester
$375K
28
Brookfield
$364K
29
Forest Park
$360K
30
Melrose Park
$350K
31
Elmwood Park
$350K
32
Streamwood
$348K
33
Des Plaines
$340K
34
Schaumburg
$336K
35
Berwyn
$335K
36
Elgin
$327K
37
Wheeling
$326K
38
Oak Forest
$317K
39
Oak Lawn
$310K
40
Burbank
$309K
41
Tinley Park
$305K
42
Cicero
$281K
43
Midlothian
$275K
44
Alsip
$269K
45
Palos Hills
$255K
46
Matteson
$250K
48
Homewood
$235K
49
South Holland
$223K
50
Chicago Heights
$208K
51
Lansing
$202K
52
Park Forest
$165K
53
Calumet City
$150K