The Chicago housing market is somewhat competitive. Homes in Chicago receive 3 offers on average and sell in around 52 days. The median sale price of a home in Chicago was $370K last month, up 5.7% since last year. The median sale price per square foot in Chicago is $273, up 11.9% since last year.
In April 2024, Chicago home prices were up 5.7% compared to last year, selling for a median price of $370K. On average, homes in Chicago sell after 52 days on the market compared to 59 days last year. There were 2,480 homes sold in April this year, up from 2,332 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$370,000
+5.7% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Chicago, IL
$370,000
+5.7%
United States
To compare other locations to the Chicago and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Chicago's median sale price is 12% lower than the national average. Overall cost of living in Chicago is 14% higher than the national average. Learn which home features in Chicago add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Chicago housing market?
Chicago is somewhat competitive. Homes sell in 56 days.
0
100
45
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 56 days.
Hot homes
can sell for about 3% above list price and go pending in around 34 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Chicago
Explore recent offers and recently sold homes in Chicago
Recent offers
Winning Offer|
9 Weeks Ago
~$225K Offer
1bd | 1ba | ~750sqft
Over List Price
5%
Days on Market
61
Competing Offers
1
Offer
All Cash
Layching Quek
Chicago Redfin Agent
Offer Not Accepted|
4 Weeks Ago
~$275K Offer
Sold for $300K
2bd | 1ba | —sqft
Over List Price
3%
Days on Market
12
Competing Offers
5
Down Payment
~20%
David Betancourt
Chicago Redfin Agent
Offer Not Accepted|
5 Weeks Ago
~$300K Offer
Sold for $325K
4bd | 2.5ba | ~2,250sqft
Over List Price
0%
Days on Market
26
Competing Offers
6
Down Payment
<10%
Nichole Dinino
Chicago Redfin Agent
Offer Not Accepted|
4 Weeks Ago
~$425K Offer
Sold for $500K
4bd | 2ba | ~2,000sqft
Over List Price
0%
Days on Market
30
Competing Offers
19
Offer
All Cash
Marzena Frausto
Chicago Redfin Agent
20 offers. Our offer was cash over asking. With a free leaseback.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Chicago housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Chicago.
Risk Factor
Flood Factor - Moderate
42% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Chicago has a moderate risk of flooding. 83,841 properties in Chicago are likely to be
severely affected
by flooding over the next 30 years. This represents 42% of all properties in Chicago. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Chicago has a moderate risk of wildfire. There are 5,632 properties in Chicago that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Chicago.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Chicago has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Chicago is most at risk from hurricanes. 604,166 properties in Chicago have some risk of being in a severe wind event within the next 30 years.