Chicago Market Trends


Median Sales Price in Chicago

 

1 yr 5 yr Max
Chicago median sales prices
Number of sold homes in Chicago
No. Bedrooms Oct - Jan '15 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $200,000 +113.8% $305,000 $93,524 $250,000
2 bedrooms $157,000 +8.3% $170,000 $145,000 $155,000
3 bedrooms $201,000 +11.7% $225,000 $180,000 $175,250
4 bedrooms $312,500 +10.6% $345,000 $282,500 $248,000
All properties $224,000 +10.6% $250,000 $202,500 $202,000
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Summary for Chicago


The median sales price for homes in Chicago IL for Oct 14 to Jan 15 was $224,000. This represents a decline of 10.4%, or $26,000, compared to the prior quarter and an increase of 10.6% compared to the prior year. Sales prices have appreciated 10.9% over the last 5 years in Chicago. The average listing price for Chicago homes for sale on Trulia was $438,501 for the week ending Jan 21, which represents an increase of 6.1%, or $25,216, compared to the prior week and an increase of 9.6%, or $38,364, compared to the week ending Dec 31. Average price per square foot for Chicago IL was $201, an increase of 12.9% compared to the same period last year. Popular neighborhoods in Chicago include Near North Side, Lincoln Park, DePaul, Uptown, Wicker Park, and Edgewater.

Average Listing Price in Chicago

 

Chicago average property price
Chicago – number of properties
No. Bedrooms Week ending
Jan 21
w-o-w Week ending
Jan 14
Week ending
Jan 7
Week ending
Dec 31
1 bedroom $244,112 +0.5% $242,997 $239,150 $235,372
2 bedrooms $322,852 +0.2% $322,119 $331,677 $316,696
3 bedrooms $431,147 +4.5% $412,712 $438,162 $393,561
4 bedrooms $457,464 +0.6% $454,876 $493,212 $436,205
All properties $438,501 +6.1% $413,285 $439,997 $400,137
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Average Price Per Sqft. for Homes in Chicago

 

1 yr 5 yr Max
Chicago average price per square foot
No. Bedrooms Oct - Jan '15 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $285 +119.2% $285 $130 $206
2 bedrooms $194 +15.5% $201 $168 $161
3 bedrooms $184 +9.5% $205 $168 $152
4 bedrooms $224 +12.0% $239 $200 $177
All properties $201 +12.9% $218 $178 $162
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Popular Neighborhoods in Chicago


Neighborhoods Week ending
Jan 21
w-o-w Week ending
Jan 14
Week ending
Jan 7
Near North Side 1 1 1
Lincoln Park 2 2 2
DePaul 3 3 5
Uptown 4 4 4
Wicker Park 5 +1 6 7
Edgewater 6 -1 5 8
Stats & Trends
Homes for Sale in Chicago
View all Chicago Homes for Sale