In February 2023, Chicago home prices were down 1.3% compared to last year, selling for a median price of $315K. On average, homes in Chicago sell after 87 days.
$315,000
87
Somewhat competitive. Homes in Chicago receive 2 offers on average and sell in around 84 days.
The market is a lot kinder to home sellers than it normally is during the fall. However, the normal seasonal slow-down has given buyers more market power.
Strong economic and job growth makes Chicago an ideal place for real estate investment.
