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

ZipMedian Est. ValueZipMedian 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

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Housing Market Summary for Chicago, IL

Mar 2023February 2024Change
Median Listing Price$299.4K$274.5K-8.32%
Median Sold Price$283.5K$274.5K-3.20%
Homes For Sale1,157997-13.83%
Homes Sold15,65816,8787.79%
Price
$/Sqft
Homes For Sale
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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%.

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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.

Foreclosure
There are 61 zips within Chicago, IL; within these zips, the median estimated home value for homes in foreclosure ranges from $948,261 in 60621 to the lowest value of $19,844 in 60621. Foreclosure homes account for 0.00% of properties in Chicago, IL with 60628 containing 296 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    60628 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.19% of residential properties in Chicago, IL with 60611 containing 79 homes for sale, the highest number of listed properties in a single zip. There are 61 zips within Chicago, IL; homes for sale in those zips, have a range of median values from $594,888 in 60603 to the lowest value of $28,606 in 60644.
    Sold Homes
    The median value for recently sold homes ranges from $669,675 in 60604 to the lowest price of $20,650 in 60604. There are 61 zips within Chicago, IL. 60611 has 885 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.84% of properties in Chicago, IL.

      Compare Nearby Cities

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      Homes For Sale
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      Chicago, IL
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      Guide for Chicago, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
      Home Buying Guides & Tips|posted 20 March 2024

      What can you do when you want to buy a house when you’re strapped for cash?