Chicago, IL Home Values & Market Trends
Real estate market trends reflect that there have been 29,155 transactions over the past year in Chicago. The median value for residential home transactions that occurred over the previous year is $284,766.5. The number of current listings in Chicago is 1,157, and the percentage of properties for sale in the city is 1157.00%. Chicago, IL currently has 2,987 properties in foreclosure, 257 bank owned properties, 461 properties headed for auction, and 1,157 properties for sale.
Chicago, IL Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 60611 | $ 580,895 $ 404/sqft | 60629 | $ 284,900 $ 168/sqft |
| 60628 | $ 159,000 $ 113/sqft | 60653 | $ 283,492 $ 184/sqft |
| 60610 | $ 439,250 $ 356/sqft | 60636 | $ 114,268 $ 99/sqft |
| 60614 | $ 670,003 $ 379/sqft | 60632 | $ 254,750 $ 186/sqft |
| 60617 | $ 159,479 $ 121/sqft | 60637 | $ 196,522 $ 135/sqft |
| 60619 | $ 173,500 $ 118/sqft | 60645 | $ 417,250 $ 244/sqft |
| 60654 | $ 425,000 $ 377/sqft | 60659 | $ 327,419 $ 222/sqft |
| 60613 | $ 280,209 $ 257/sqft | 60644 | $ 144,888 $ 97/sqft |
| 60620 | $ 156,176 $ 137/sqft | 60615 | $ 234,191 $ 159/sqft |
| 60647 | $ 606,956 $ 345/sqft | 60656 | $ 315,717 $ 222/sqft |
| 60622 | $ 608,000 $ 353/sqft | 60621 | $ 66,638 $ 39/sqft |
| 60605 | $ 300,000 $ 296/sqft | 60642 | $ 644,583 $ 307/sqft |
| 60657 | $ 497,168 $ 337/sqft | 60655 | $ 319,907 $ 231/sqft |
| 60643 | $ 249,000 $ 169/sqft | 60646 | $ 425,011 $ 304/sqft |
| 60634 | $ 351,319 $ 245/sqft | 60626 | $ 212,450 $ 232/sqft |
| 60649 | $ 125,664 $ 81/sqft | 60623 | $ 117,400 $ 164/sqft |
| 60618 | $ 615,155 $ 330/sqft | 60631 | $ 334,900 $ 261/sqft |
| 60640 | $ 222,067 $ 255/sqft | 60661 | $ 495,000 $ 358/sqft |
| 60630 | $ 405,250 $ 211/sqft | 60624 | $ 139,900 $ 132/sqft |
| 60625 | $ 410,550 $ 318/sqft | 60609 | $ 199,999 $ 173/sqft |
| 60607 | $ 487,828 $ 348/sqft | 60602 | $ 815,074 $ 449/sqft |
| 60616 | $ 319,714 $ 312/sqft | 60603 | $ 519,944 $ 471/sqft |
| 60638 | $ 279,839 $ 235/sqft | 60633 | $ 103,913 $ 98/sqft |
| 60601 | $ 549,900 $ 420/sqft | 60606 | $ 312,900 $ -- |
| 60652 | $ 255,464 $ 203/sqft | 60669 | $ -- $ -- |
| 60660 | $ 273,303 $ 223/sqft | 60604 | $ -- $ -- |
| 60651 | $ 271,244 $ 184/sqft | 60701 | $ -- $ -- |
| 60641 | $ 411,250 $ 215/sqft | 60666 | $ -- $ -- |
| 60639 | $ 313,243 $ 212/sqft | 60674 | $ -- $ -- |
| 60608 | $ 326,000 $ 248/sqft | 60688 | $ -- $ -- |
| 60612 | $ 306,668 $ 277/sqft |
Housing Market Summary for Chicago, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $306.5K | $285.8K | -6.73% |
| Median Sold Price | $289.1K | $285.8K | -1.13% |
| Homes For Sale | 1,172 | 998 | -14.85% |
| Homes Sold | 15,496 | 14,270 | -7.91% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Chicago, IL
Browse Homes in Chicago, IL
Chicago home values range from $16,988 to $39,634,899. The median estimated value of a home in Chicago is $284,766.5. The median list price of a home is 325,000, and the total count of properties in the city is 562,233.
- Pre-ForeclosurePre-foreclosure homes account for 0.40% of all residential properties in Chicago, IL with 60628 containing 217 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 61 zips within Chicago, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $596,326 in 60642 to the lowest home value of $20,299 in 60621.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Chicago, IL ranges from the highest value of $418,670 in 60657 to the lowest value of $33,259 in 60649. Bank owned homes and properties account for 0.05% of properties in Chicago, IL. There are 61 zips within Chicago, IL; 60628 containing 25 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60628 has 59 auction properties, the highest number of properties going to auction in a single zip in the state of Chicago, IL. Auction homes and other auction properties account for 0.08% of all properties in Chicago, IL. There are 61 zips within Chicago, IL; of those zips, the median estimated home value for homes going to auction ranges from $394,220 in 60657 to the lowest value of $34,299 in 60657.
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