The Downtown Chicago housing market is somewhat competitive. The median sale price of a home in Downtown Chicago was $418K last month, up 6.2% since last year. The median sale price per square foot in Downtown Chicago is $372, up 8.9% since last year.
What is the housing market like in Downtown Chicago today?
In February 2025, Downtown Chicago home prices were up 6.2% compared to last year, selling for a median price of $418K. On average, homes in Downtown Chicago sell after 92 days on the market compared to 102 days last year. There were 780 homes sold in February this year, up from 705 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$417,500
+6.2% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Downtown Chicago, IL
$417,500
+6.2%
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 somewhat competitive. Homes sell in 74 days.
0
100
40
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 2% below list price and go pending in around 74 days.
Hot homes
can sell for about 2% above list price and go pending in around 37 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Downtown Chicago, IL
97.9%
+0.3 pt
United States
Home offer insights for Downtown Chicago
Explore recent offers and recently sold homes in Downtown Chicago
Recent offers
Offer Not Accepted|
12 Weeks Ago
~$275K Offer
Sold for $300K
2bd | 2ba | —sqft
Under List Price
11%
Days on Market
318
Competing Offers
0
Down Payment
<10%
Niko Voutsinas
Downtown Chicago Redfin Agent
The REO team managing this South Loop foreclosure did not seem realistic about the subject property's current fair market value, especially given its condition and time vacant, so we passed. …
More
Offer Not Accepted|
11 Weeks Ago
~$400K Offer
Sold for $400K
2bd | 2.5ba | —sqft
Over List Price
1%
Days on Market
40
Competing Offers
1
Down Payment
~20%
Camie Cirrincione
Downtown Chicago Redfin Agent
View houses in Downtown Chicago that sold recently
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.
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. 879 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.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Chicago has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Chicago is most at risk from hurricanes. 9,803 properties in Downtown Chicago have some risk of being in a severe wind event within the next 30 years.
72% 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 72% 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