The Dobbs Report – Chicago Real Estate Market Overview
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In September 2025, the real estate market across a selection of north-side neighborhoods saw a rebound in activity compared to late summer, with several key indicators reversing their prior declines. Inventory climbed to 2,377 homes (up from 2,244), and new listings jumped to 2,104 after falling sharply the month before. This influx of properties is giving buyers more options, yet demand held steady enough to support higher pricing. The average listing price rose to $705,048, and the average closed price increased to $646,520 – both notable gains from August levels.
Contract activity also improved slightly, with 1,088 homes going under contract compared to 992 previously. Closed sales, while still down year-over-year, remained relatively stable at 1,050. Sellers continue to capture near-full value, with the list-to-close ratio holding strong at 99.1%, virtually unchanged from prior months. Even so, the uptick in market time — rising from 42 to 55 days — signals that buyers are taking a bit more time to make decisions, and that overpricing is more likely to be punished.
In Lincoln Park, Lake View, Logan Square, Edgewater, and Ukrainian Village — supply remains deeply constrained, between roughly 1.1 and 1.6 months. Despite a modest increase in overall listings, inventory levels citywide are still well below what’s considered balanced. This tight supply continues to buffer prices and support seller leverage, particularly for homes that are well-prepared, well-marketed, and correctly priced from the start.
Overall, the newest data suggests a market regaining a bit of momentum after late-summer cooling. Sellers benefit from strong pricing power and historically low supply, while buyers enjoy a slightly wider selection than in August — but competition for desirable homes remains very real.
Chicago Homes – Dynamic Market Overview
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 2,596 | $482,855 | 2.8% | 202 | $197 |
| 2,596 | $482,855 | 2.8% | 202 | $197 |
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 12,630 | $543,115 | -5.6% | 84 | $327 |
| 12,630 | $543,115 | -5.6% | 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.
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