The Dobbs Report – Chicago Real Estate Market Overview – July 2026
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July 2026 brought the seasonal summer slowdown we typically expect, with fewer new listings, contracts, and closed sales. What remains highly unusual, however, is the persistently low level of inventory. Although the number of available homes edged up slightly from June, the neighborhoods we track still have only 0.9 to 1.7 months of supply—an exceptionally tight market.
Other indicators changed only modestly: average prices softened slightly, market time improved from 34 to 31 days, and homes continued to close above their original asking price at 102.1%. In short, activity may have slowed with the season, but the continued shortage of homes remains the market’s defining story.
Chicago Homes – Dynamic Market Overview
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 1,805 | $412,440 | -7.1% | 100 | $190 |
| 1,805 | $412,440 | -7.1% | 100 | $190 |
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 11,392 | $541,897 | -5.1% | 82 | $323 |
| 11,392 | $541,897 | -5.1% | 82 | $323 |
Dynamic searches of market trends will give you an overview of the real estate market's current state. Set your preferred parameters to find statistical data from recent real estate transactions in Chicago. For an in-depth analysis of a specific market segment, please contact me. I'll be happy to create a tailor-made analysis that perfectly suits your specific criteria.
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