The Dobbs Report – Chicago Real Estate Market Overview – September 2026
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September brought more choice to the Fall Market, with new listings up 4% and inventory rising nearly 5% from August. Contracts declined 7% and closings fell 9%, while average market time edged up from 39 to 41 days. Rising mortgage rates are making buyers more cautious, yet we continue to see bidding wars for especially appealing properties. Supply remains tight, with just 0.9 to 1.6 months of inventory in the neighborhoods we track, and homes closed at an average of 100.6% of their original asking price. Buyers have a little more breathing room, but the most desirable homes still draw strong competition.
Chicago Homes – Dynamic Market Overview
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 2,475 | $448,009 | 2.6% | 107 | $205 |
| 2,475 | $448,009 | 2.6% | 107 | $205 |
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 11,363 | $538,132 | -4.9% | 82 | $320 |
| 11,363 | $538,132 | -4.9% | 82 | $320 |
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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