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 May - Aug '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $357,500 -7.5% $100,000 $386,500 $125,500
2 bedrooms $174,750 +12.7% $147,500 $155,000 $153,000
3 bedrooms $220,000 +12.8% $180,000 $195,000 $184,000
4 bedrooms $372,500 -6.3% $314,000 $397,750 $295,000
All properties $252,000 +7.2% $220,000 $235,000 $228,250
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Summary for Chicago


The median sales price for homes in Chicago IL for May 14 to Aug 14 was $252,000. This represents an increase of 14.5%, or $32,000, compared to the prior quarter and an increase of 7.2% compared to the prior year. Sales prices have appreciated 10.4% over the last 5 years in Chicago. The average listing price for Chicago homes for sale on Trulia was $412,891 for the week ending Aug 13, which represents an increase of 0.7%, or $2,707, compared to the prior week and an increase of 1.7%, or $6,874, compared to the week ending Jul 23. Average price per square foot for Chicago IL was $216, an increase of 6.9% compared to the same period last year. Popular neighborhoods in Chicago include Near North Side, Lincoln Park, Loop, Edgewater, Uptown, and Wicker Park.

Average Listing Price in Chicago

 

Chicago average property price
Chicago – number of properties
No. Bedrooms Week ending
Aug 13
w-o-w Week ending
Aug 6
Week ending
Jul 30
Week ending
Jul 23
1 bedroom $248,002 +1.0% $245,563 $246,891 $251,158
2 bedrooms $333,225 +1.5% $328,197 $327,950 $328,054
3 bedrooms $418,827 +1.2% $413,873 $404,404 $412,088
4 bedrooms $484,314 -2.4% $496,454 $477,345 $488,839
All properties $412,891 +0.7% $410,184 $401,871 $406,017
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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 May - Aug '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $241 -10.7% $208 $270 $171
2 bedrooms $209 +10.0% $184 $190 $159
3 bedrooms $200 +6.4% $171 $188 $158
4 bedrooms $245 +3.8% $217 $236 $191
All properties $216 +6.9% $187 $202 $171
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Popular Neighborhoods in Chicago


Neighborhoods Week ending
Aug 13
w-o-w Week ending
Aug 6
Week ending
Jul 30
Near North Side 1 1 1
Lincoln Park 2 2 2
Loop 3 3 3
Edgewater 4 +3 7 6
Uptown 5 5 7
Wicker Park 6 6 5
Stats & Trends
Homes for Sale in Chicago
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