The Dobbs Report – Chicago Real Estate Market Overview
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January 2026 showed a modest seasonal rebound in activity, with inventory rising from 1,327 to 1,417 and new listings increasing to 1,381 as more sellers returned to the market at the start of the year. While this reflects a typical early-year pattern of renewed listing activity, longer-term trends indicate that the pace remains far too slow to meaningfully replenish overall supply. Homes going under contract increased to 898, signaling improving buyer engagement, even as closed sales declined to 579 following December’s year-end surge. Average listing prices eased slightly to $740K, while the average closed price fell to $602K, suggesting continued sensitivity to pricing and a more selective buyer pool. Market time held steady at 63 days, and the list-to-close ratio dipped to 97.8%, pointing to ongoing, though still moderate, negotiation. Overall, despite seasonal momentum, inventory remains constrained, keeping market conditions tilted toward sellers as 2026 begins.
Chicago Homes – Dynamic Market Overview
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 2,014 | $458,374 | -31.6% | 211 | $196 |
| 2,014 | $458,374 | -31.6% | 211 | $196 |
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 10,316 | $540,540 | -5.0% | 84 | $324 |
| 10,316 | $540,540 | -5.0% | 84 | $324 |
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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