The Dobbs Report – Chicago Real Estate Market Overview
Get Custom Market Stats for Your Neighborhood
September saw gains across most market categories, but October brought a slight shift downward. Inventory dropped from 2,377 to 2,258, new listings from 2,104 to 1,739, and closed sales from 1,050 to 999. Average prices also eased – from $705K to $682K for listings and from $646K to $622K for closed sales. Still, homes are moving faster, with market time improving from 55 to 47 days and a list-to-close ratio holding near 99%. Even with these changes, inventory remains at historic lows, continuing to create opportunity for sellers amid tight supply.
Chicago Homes – Dynamic Market Overview
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 2,488 | $471,755 | 3.1% | 203 | $196 |
| 2,488 | $471,755 | 3.1% | 203 | $196 |
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 12,389 | $543,945 | -5.4% | 84 | $327 |
| 12,389 | $543,945 | -5.4% | 84 | $327 |
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.
Request a Custom Market Snapshot
Wondering what the numbers look like in your neighborhood? We’ll create a tailored report based on your location and your property type—condos, single-family homes, or across all residential categories.
Use the form below to request your custom stats and see what today’s market could mean for your home.
