The Dobbs Report – Chicago Real Estate Market Overview
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November brought a clear seasonal slowdown, with inventory dropping from 2,258 to 1,823 and new listings nearly halved. Buyer activity eased as well, with under-contract and closed sales both declining. Listing prices softened, but the average closed price rose to $693K, showing strong demand for well-positioned homes. Market time ticked up to 54 days, while the list-to-close ratio tightened to 98.9%, indicating buyers are still paying close to asking even as sellers adjust to late-fall conditions. With inventory at historic lows, the market continues to lean in favor of sellers.
Chicago Homes – Dynamic Market Overview
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 2,226 | $453,368 | 3.4% | 214 | $192 |
| 2,226 | $453,368 | 3.4% | 214 | $192 |
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 11,425 | $541,945 | -5.3% | 83 | $325 |
| 11,425 | $541,945 | -5.3% | 83 | $325 |
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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