Local home value data · Chicago, IL
What's my home worth in Chicago, IL?
Chicago's median sale price is up more than 9% from a year ago, yet it still sits far below coastal peers like New York or Los Angeles.
Is Chicago a buyer's or seller's market?
Leaning seller's. Redfin rates Chicago 63/100 (somewhat competitive), based on how quickly homes sell, how often they get multiple offers, and how close they sell to list price.
What this means if you're selling in Chicago
A median sale price of $426,000, up 9.3% year-over-year, shows real momentum. Homes sold in about 49 days, three days faster than last year, and average about three offers, with a Compete Score of 63. Buyers should expect competition on good listings, and sellers have the stronger hand, though a gain this large is worth checking against recent comparable sales on your block.
How Chicago compares
Chicago has the highest median of the 8 markets shown, and sits 5% above the U.S. median.
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Is Chicago a buyer's or seller's market right now?
It leans toward sellers. The median sale price is $426,000, up 9.3% from a year ago, homes sell in about 49 days compared with 52 last year, and listings average about three offers. The Compete Score is 63 out of 100.
How fast is the Chicago market moving?
The median home spent about 49 days on the market over the three months ending August 2026, down from 52 days a year earlier. That is a modest speed-up, and the pace varies by neighborhood and property type.
How accurate is the Chicago median for my neighborhood?
The $426,000 median covers all of Chicago, and values can differ sharply between neighborhoods, blocks and home types. Prices in areas such as the Gold Coast, Lincoln Park and the South Side can be dramatically different. Treat it as a market-wide reference point, not a price for your property. For an estimate based on your specific address, request a free home value report, which is reviewed by a local agent.
Home values in nearby markets
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Market data (median sale price, year-over-year change, days on market, and buyer competition) sourced from Redfin, trailing 3-month data as of August 2026. Figures are approximate, change frequently, and are not a substitute for a formal appraisal or a local agent's comparative market analysis. Read more about how home value estimates work.