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 Jul - Oct '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $316,000 -12.5% $516,250 $361,000 $35,000
2 bedrooms $172,500 +8.5% $175,000 $159,000 $150,000
3 bedrooms $225,000 +18.4% $212,000 $190,000 $181,000
4 bedrooms $350,000 -12.5% $367,000 $400,000 $279,000
All properties $251,000 +7.3% $255,000 $234,000 $223,000
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Summary for Chicago


The median sales price for homes in Chicago IL for Jul 14 to Oct 14 was $251,000. This represents a decline of 1.6%, or $4,000, compared to the prior quarter and an increase of 7.3% compared to the prior year. Sales prices have appreciated 12.6% over the last 5 years in Chicago. The average listing price for Chicago homes for sale on Trulia was $428,592 for the week ending Oct 22, which represents a decline of 0.4%, or $1,744, compared to the prior week and an increase of 1.8%, or $7,462, compared to the week ending Oct 01. Average price per square foot for Chicago IL was $221, an increase of 6.8% compared to the same period last year. Popular neighborhoods in Chicago include Near North Side, Lincoln Park, Loop, Wicker Park, DePaul, and Edgewater.

Average Listing Price in Chicago

 

Chicago average property price
Chicago – number of properties
No. Bedrooms Week ending
Oct 22
w-o-w Week ending
Oct 15
Week ending
Oct 8
Week ending
Oct 1
1 bedroom $243,680 +0.8% $241,732 $246,520 $246,574
2 bedrooms $337,042 -0.8% $339,711 $338,460 $340,493
3 bedrooms $431,288 -0.9% $435,211 $432,818 $432,011
4 bedrooms $525,123 -1.1% $530,755 $509,816 $501,469
All properties $428,592 -0.4% $430,336 $425,511 $421,130
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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 Jul - Oct '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $308 +8.1% $329 $285 $39
2 bedrooms $208 +5.6% $209 $197 $160
3 bedrooms $207 +10.7% $197 $187 $157
4 bedrooms $241 -3.2% $240 $249 $185
All properties $221 +6.8% $213 $207 $170
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Popular Neighborhoods in Chicago


Neighborhoods Week ending
Oct 22
w-o-w Week ending
Oct 15
Week ending
Oct 8
Near North Side 1 1 1
Lincoln Park 2 2 2
Loop 3 +1 4 3
Wicker Park 4 +1 5 5
DePaul 5 -2 3 4
Edgewater 6 +1 7 8
Stats & Trends
Homes for Sale in Chicago
View all Chicago Homes for Sale