Chicago, IL Home Values & Market Trends
Real estate market trends reflect that there have been 29,783 transactions over the past year in Chicago. The median value for residential home transactions that occurred over the previous year is $271,814.11. The number of current listings in Chicago is 1,049, and the percentage of properties for sale in the city is 1049.00%. Chicago, IL currently has 2,938 properties in foreclosure, 291 bank owned properties, 426 properties headed for auction, and 1,049 properties for sale.
Chicago, IL Real Estate Market Overview
Zip | Median Est. Value | Zip | Median Est. Value |
---|---|---|---|
60611 | $ 595,000 $ 402/sqft | 60639 | $ 336,000 $ 225/sqft |
60628 | $ 150,190 $ 106/sqft | 60629 | $ 250,647 $ 132/sqft |
60619 | $ 187,458 $ 126/sqft | 60656 | $ 273,850 $ 193/sqft |
60610 | $ 429,000 $ 317/sqft | 60621 | $ 65,824 $ 45/sqft |
60617 | $ 150,000 $ 117/sqft | 60644 | $ 113,761 $ 92/sqft |
60614 | $ 572,596 $ 324/sqft | 60653 | $ 281,794 $ 193/sqft |
60620 | $ 180,583 $ 135/sqft | 60660 | $ 342,837 $ 214/sqft |
60622 | $ 611,746 $ 316/sqft | 60661 | $ 427,973 $ 341/sqft |
60657 | $ 489,612 $ 297/sqft | 60631 | $ 474,500 $ 259/sqft |
60647 | $ 466,328 $ 342/sqft | 60612 | $ 325,333 $ 224/sqft |
60605 | $ 298,750 $ 289/sqft | 60642 | $ 654,149 $ 295/sqft |
60634 | $ 338,408 $ 241/sqft | 60637 | $ 190,460 $ 129/sqft |
60643 | $ 174,911 $ 148/sqft | 60626 | $ 144,901 $ 187/sqft |
60613 | $ 259,250 $ 286/sqft | 60659 | $ 209,035 $ 214/sqft |
60654 | $ 411,500 $ 359/sqft | 60646 | $ 389,022 $ 297/sqft |
60616 | $ 313,527 $ 303/sqft | 60615 | $ 196,100 $ 142/sqft |
60638 | $ 299,386 $ 224/sqft | 60624 | $ 202,091 $ 160/sqft |
60652 | $ 223,870 $ 186/sqft | 60655 | $ 310,541 $ 197/sqft |
60640 | $ 206,092 $ 240/sqft | 60602 | $ 654,195 $ 411/sqft |
60649 | $ 129,750 $ 75/sqft | 60623 | $ 117,132 $ 168/sqft |
60607 | $ 495,000 $ 349/sqft | 60609 | $ 215,000 $ 167/sqft |
60630 | $ 371,372 $ 246/sqft | 60633 | $ 141,368 $ 133/sqft |
60601 | $ 510,000 $ 418/sqft | 60603 | $ 519,944 $ 443/sqft |
60618 | $ 468,253 $ 310/sqft | 60606 | $ 325,780 $ 267/sqft |
60625 | $ 299,754 $ 252/sqft | 60669 | $ -- $ -- |
60636 | $ 125,000 $ 96/sqft | 60604 | $ -- $ -- |
60608 | $ 255,685 $ 223/sqft | 60701 | $ -- $ -- |
60651 | $ 248,509 $ 188/sqft | 60666 | $ -- $ -- |
60641 | $ 370,399 $ 205/sqft | 60674 | $ -- $ -- |
60645 | $ 372,750 $ 214/sqft | 60688 | $ -- $ -- |
60632 | $ 269,900 $ 215/sqft |
Housing Market Summary for Chicago, IL
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $299.4K | $274.5K | -8.32% |
Median Sold Price | $283.5K | $274.5K | -3.20% |
Homes For Sale | 1,157 | 997 | -13.83% |
Homes Sold | 15,658 | 16,878 | 7.79% |
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 $16,410 to $41,325,476. The median estimated value of a home in Chicago is $271,814.11. The median list price of a home is 299,925, and the total count of properties in the city is 560,612.
- Pre-ForeclosurePre-foreclosure homes account for 0.40% of all residential properties in Chicago, IL with 60628 containing 204 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 $621,669 in 60606 to the lowest home value of $19,844 in 60621.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Chicago, IL ranges from the highest value of $406,131 in 60657 to the lowest value of $28,606 in 60644. Bank owned homes and properties account for 0.05% of properties in Chicago, IL. There are 61 zips within Chicago, IL; 60628 containing 32 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60628 has 60 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 $383,425 in 60613 to the lowest value of $31,187 in 60613.
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