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Chicago Market Trends

Data-driven insights on Chicago's real estate market — prices, inventory, neighborhood movements, and what it all means for buyers and sellers.

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Interactive market analytics powered by MRED — updated daily with the latest sales data, price trends, and inventory levels.

Chicago Market Watch: The National Housing Story Isn't Chicago's Story
Market Trends9 min read

Chicago Market Watch: The National Housing Story Isn't Chicago's Story

Rates ticked up to 6.55% this week, and Freddie Mac says national inventory is rising while buyer demand softens. Chicago is doing the opposite — inventory down 30%, homes gone in 24 days. Here's why the headlines you're reading may not describe your block, and what that means if you're buying or selling this summer.

July 17, 2026

Chicago Market Watch: We're the Fastest-Appreciating Big City in America
Market Trends10 min read

Chicago Market Watch: We're the Fastest-Appreciating Big City in America

New national data puts Chicago at the top of all 20 major metros for home-price growth — a 6.5% annual gain that outpaces New York and Cleveland. Rates nudged back up to 6.49% this week, but that's the small story. Here's what leading the country actually means for buyers and sellers block by block.

July 10, 2026

Chicago Market Watch: Your Widest Selection of the Year Is on the Shelf Right Now
Market Trends9 min read

Chicago Market Watch: Your Widest Selection of the Year Is on the Shelf Right Now

Mid-July is quietly the deepest inventory window of the year — more homes to choose from than any month since winter — even as the market stays firmly seller-friendly. Rates held at 6.49% this week. Here's why the buyer who shops in the next few weeks has more leverage than the calendar suggests.

July 10, 2026

Chicago Market Watch: Rates Hit a Seven-Week Low as the Second Half Begins
Market Trends8 min read

Chicago Market Watch: Rates Hit a Seven-Week Low as the Second Half Begins

Mortgage rates just eased to 6.43% — the lowest in seven weeks — right as 2026 hits its midpoint. My halftime read on the Chicago market: condos quietly leading the price gains, a busy pending pipeline in the luxury tier, and what both halves of the year mean for your next move.

July 3, 2026

Chicago Market Watch: The City's Median Just Hit $420K — and Homes Are Selling Faster
Market Trends8 min read

Chicago Market Watch: The City's Median Just Hit $420K — and Homes Are Selling Faster

The fresh May numbers are in: Chicago's citywide median sale price climbed to $420,000 and homes sold in a median of 24 days — the quickest pace of the year — even with rates ticking up to 6.49%. Here's my read on a market that's competing on speed, not discounts.

June 26, 2026

Chicago Market Watch: Fresh Listings Are Landing — Here's Where Buyers Finally Have Room
Market Trends7 min read

Chicago Market Watch: Fresh Listings Are Landing — Here's Where Buyers Finally Have Room

More than 1,200 new listings hit our coverage area in the last month — the fastest pace of the year — yet supply still tightened. Here's my read on the summer inventory wave, the neighborhoods where sellers are cutting, and where they're holding firm.

June 19, 2026

Chicago Market Watch: Rates Tick Up, and Buyers Keep Coming Anyway
Market Trends7 min read

Chicago Market Watch: Rates Tick Up, and Buyers Keep Coming Anyway

The 30-year fixed edged up to 6.52% this week, but Chicago buyers aren't blinking — citywide homes are selling in about 26 days and inventory is down 28% from a year ago. Here's my mid-June read on rates, prices, and where the leverage actually sits.

June 12, 2026

Chicago's HomeGrown Grant: Up to $70,000 for Buyers in 2026
Market Trends11 min read

Chicago's HomeGrown Grant: Up to $70,000 for Buyers in 2026

Chicago's new HomeGrown program gives eligible buyers up to $70,000 toward a down payment and closing costs. Here's exactly how it works and who qualifies.

June 2, 2026

Chicago Condo Market: What Buyers and Sellers Need to Know
Market Trends7 min read

Chicago Condo Market: What Buyers and Sellers Need to Know

Condo-specific market analysis for Chicago — prices, assessments, HOA considerations, best neighborhoods, and new construction vs resale in 2026.

April 3, 2026

First-Time Buyer's Guide to Chicago in 2026
Market Trends8 min read

First-Time Buyer's Guide to Chicago in 2026

Everything first-time buyers need to know about purchasing a home in Chicago — programs, neighborhoods, tips, and what to expect in today's market.

April 3, 2026

Investment Property Outlook: Best Chicago Neighborhoods for Rental Income
Market Trends8 min read

Investment Property Outlook: Best Chicago Neighborhoods for Rental Income

Where to invest in Chicago rental properties in 2026 — rental yields, emerging neighborhoods, landlord considerations, and 1031 exchange strategies.

April 3, 2026

What Today's Mortgage Rates Mean for Chicago Buyers
Market Trends6 min read

What Today's Mortgage Rates Mean for Chicago Buyers

Current mortgage rates explained — what 6.5% means for your buying power, how it compares historically, and strategies for buyers in this rate environment.

April 3, 2026

Chicago Neighborhood Price Trends: Where Values Are Moving
Market Trends7 min read

Chicago Neighborhood Price Trends: Where Values Are Moving

Which Chicago neighborhoods are appreciating fastest, which are cooling, and where the best value opportunities are in 2026.

April 3, 2026

Q1 2026 Chicago Real Estate Market Report
Market Trends7 min read

Q1 2026 Chicago Real Estate Market Report

A data-driven look at Chicago's Q1 2026 housing market — median prices, inventory, days on market, and what the numbers mean for buyers and sellers.

April 3, 2026