Real estate market overview
Overview & Ratings
Don’t get blown away by the real estate market in the Windy City.
Are we in a bear market? A bull market? Though the terms take on different meanings in Chicago thanks to the city's pro basketball and football teams, it really depends on whether you're buying or selling. Guaranteed Rate has all the Chicago real estate information you need to know before you make a move. Keep scrolling for up-to-date market trends from the Loop to the suburbs and every neighborhood and enclave in between.
Bachelor's degree or higher
Median monthly rent
Estimated housing units
Median household income
Data from 2012-2017 census for Chicago
In the past week, single family homes in Chicago sold on average for $349,700 and spent 106 days on the market. In Chicago, the inventory of 1,468 experienced a 17% relisting. The average price per square foot was $205.
In the past week, condo/townhomes in Chicago sold on average for $345,000 and spent 123 days on the market. In Chicago, the inventory of 5,733 experienced a 23% relisting. The average price per square foot was $317.
As previously noted, the population of Chicago is 2,722,586 and the median age is 34.1. Among Chicago residents, there is a homeowner vacancy rate of 2.7% and a rental vacancy rate of 6.5% from a total of 1,200,305 units.
Chicago has 1051 schools. Each school is rated by key indicators like test scores, academic progress, college readiness, student-teacher ratio and more. These scores will help you compare the best schools in Chicago.
Data provided by GREAT SCHOOLS
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This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Data Provided by Altos and Census Bureau
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