Chicago, IL metro area: housing market report

Updated 10/26/2026

Verified monthly housing data for Chicago, IL metro area. The national median sale price for the same period was $393,895; neither median describes a specific home.

  • Median sale price: $381,125 (+5.9% year over year)
  • Closed sales: 6,098 (-2.3% year over year)
  • Inventory: 18,125 (-3.5% year over year)
  • Median days on market: 55 (+1 day year over year)

For buyers: Inventory changed -3.5% while marketing time changed +1 days. These mixed or flat signals call for checking the competition in your price range.

For sellers: The median sale price changed +5.9% year over year. This is a market mix measure, not an estimate of your home’s appreciation; review comparable properties.

Six-month trend

Monthly observations; price is the median sale price in dollars.
MonthPriceSalesDays
2026-04$390,0006,38555
2026-05$395,0006,30554
2026-06$407,0006,26755
2026-07$400,0006,16955
2026-08$392,0006,16654
2026-09$381,1256,09855

Reporting period: 2026-09-01 through 2026-09-30. Source revised: 2026-10-07. Retrieved: 2026-10-26. Source geography: Chicago, IL metro area (ID 16984).

Source: Redfin Data Center monthly download. Source methodology.

How to read these figures

Redfin monthly All Residential, all construction; seasonally adjusted where available, except median sale price (not seasonally adjusted). Redfin Metro boundaries can be metro divisions or smaller statistical areas; these are not city limits. Census region follows the first state in the source label for cross-state areas. Monthly data can be revised; weekly publication does not imply weekly measurements.

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About the Author

Written by Jim Gruler, Arizona Licensed Real Estate Broker and Co-Founder of Seeking Agents®. Jim has more than 18 years of real estate experience and helps create educational resources for buyers and sellers navigating the home buying and selling process.

Seeking Agents® is a Phoenix-based platform that helps buyers and sellers compare real estate agents, service offerings, and commission options. Seeking Agents® is not a brokerage and does not provide legal, financial, mortgage, or tax advice.

Last updated: 10/26/2026