The Downtown Chicago housing market is not very competitive. The median sale price of a home in Downtown Chicago was $390K last month, down 2.3% since last year. The median sale price per square foot in Downtown Chicago is $352, up 4.3% since last year.
What is the housing market like in Downtown Chicago today?
In March 2024, Downtown Chicago home prices were down 2.3% compared to last year, selling for a median price of $390K. On average, homes in Downtown Chicago sell after 103 days on the market compared to 106 days last year. There were 784 homes sold in March this year, up from 783 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$389,500
-2.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Chicago, IL
$389,500
-2.3%
United States
To compare other locations to the Downtown Chicago and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Chicago add value to a home.
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How hot is the Downtown Chicago housing market?
Downtown Chicago is not very competitive. Homes sell in 75 days.
0
100
28
Not Very 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
Multiple offers are rare.
The average homes sell for about 2% below list price and go pending in around 75 days.
Hot homes
can sell for about 1% above list price and go pending in around 41 days.
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 Downtown Chicago housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Chicago.
Risk Factor
Flood Factor - Minor
26% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Chicago has a minor risk of flooding. 820 properties in Downtown Chicago are likely to be
severely affected
by flooding over the next 30 years. This represents 26% of all properties in Downtown Chicago. Flood risk is increasing slower than the national average.
Downtown Chicago has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Chicago has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
68% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Chicago has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 68% of homes in Downtown Chicago have a Moderate Heat Factor®.
Downtown Chicago is expected to see a 100% increase in the number of days over 100ºF over the next 30 years. Downtown Chicago is expected to experience 8