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 Feb - May '15 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $118,250 +18.2% $430,000 $100,000 $231,500
2 bedrooms $153,000 +3.4% $159,500 $148,000 $145,000
3 bedrooms $200,000 +11.7% $198,500 $179,000 $175,000
4 bedrooms $348,500 +8.9% $315,000 $320,000 $239,000
All properties $240,000 +7.1% $220,000 $224,000 $205,000
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Summary for Chicago


The median sales price for homes in Chicago IL for Feb 15 to May 15 was $240,000. This represents an increase of 9.1%, or $20,000, compared to the prior quarter and an increase of 7.1% compared to the prior year. Sales prices have appreciated 17.1% over the last 5 years in Chicago. The average listing price for Chicago homes for sale on Trulia was $435,908 for the week ending May 13, which represents an increase of 2.5%, or $10,810, compared to the prior week and an increase of 2.7%, or $11,378, compared to the week ending Apr 22. Average price per square foot for Chicago IL was $205, an increase of 10.2% compared to the same period last year. Popular neighborhoods in Chicago include Near North Side, Lincoln Park, DePaul, Loop, Edgewater, and Wicker Park.

Average Listing Price in Chicago

 

Chicago average property price
Chicago – number of properties
No. Bedrooms Week ending
May 13
w-o-w Week ending
May 6
Week ending
Apr 29
Week ending
Apr 22
1 bedroom $242,257 +1.2% $239,497 $242,183 $236,784
2 bedrooms $329,748 -0.8% $332,559 $330,481 $325,997
3 bedrooms $461,691 +1.4% $455,449 $456,183 $442,903
4 bedrooms $707,768 +4.2% $678,930 $703,504 $668,286
All properties $435,908 +2.5% $425,098 $429,751 $424,530
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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 Feb - May '15 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $294 +41.3% $487 $208 $297
2 bedrooms $193 +5.5% $191 $183 $151
3 bedrooms $186 +9.4% $180 $170 $148
4 bedrooms $234 +7.8% $215 $217 $172
All properties $205 +10.2% $196 $186 $162
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Popular Neighborhoods in Chicago


Neighborhoods Week ending
May 13
w-o-w Week ending
May 6
Week ending
Apr 29
Near North Side 1 1 1
Lincoln Park 2 2 2
DePaul 3 +1 4 5
Loop 4 -1 3 3
Edgewater 5 5 6
Wicker Park 6 6 4
Stats & Trends
Homes for Sale in Chicago
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