The Chicago housing market is somewhat competitive. Over the three months, homes in Chicago receive 3 offers on average and sell in around 53 days. The median sale price of a home in Chicago was $400K over the last 3 months, up 5.2% since the same period last year. The median sale price per square foot in Chicago is $284, up 8.4% since last year.
Over the three months ending October 2026, Chicago home prices were up 5.2% compared to the same period last year, selling for a median price of $400K. On average, homes in Chicago sell after 53 days on the market compared to 55 days last year. There were 6,121 homes sold in October this year, down from 6,435 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$399,722
+5.2% YoY | Oct 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2026
Growth
% YoY
Chicago, IL
$399,722
+5.2%
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 3% higher than the national average. Overall cost of living in Chicago is 19% higher than the national average. Learn which home features in Chicago add value to a home.
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How hot is the Chicago housing market?
Chicago is somewhat competitive. Homes sell in 53 days.
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100
62
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 around list price and go pending in around 53 days.
Hot homes
can sell for about 4% above list price and go pending in around 33 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
Offer Not Accepted|
3 Weeks Ago
~$1.75M Offer
Sold for $1.75M
3bd | 3.5ba | ~2,750sqft
Over List Price
21%
Days on Market
20
Competing Offers
12
Offer
All Cash
Nathan Freeborn
Chicago Redfin Agent
My clients submitted an offer significantly above the listing price and waived both the appraisal and mortgage contingencies. There were 13 offers in total, and the winning offer waived nearly all contingencies, including the inspection contingency.…
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.
Flood Factor - Minor
21% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Chicago has a minor risk of flooding. 47,860 properties in Chicago are likely to be
severely affected
by flooding over the next 30 years. This represents 21% 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 3,300 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. 601,540 properties in Chicago have some risk of being in a severe wind event within the next 30 years.