Chicago’s real estate market continues to demonstrate remarkable resilience this year. The median list price in the city reached $395K in mid-Q3, and with active listings at 15,100, we’re still operating in a landscape shaped by tight inventory—down about 6% from last year. Homes are moving quickly too, with a median of just 36 days on market. Across Illinois, supply remains the central story: we haven’t seen inventory rebound to pre-pandemic levels, placing us among the slower recoveries nationwide. New housing construction per capita in Illinois also trails much of the country, a reality investors and those relocating need to factor into their decisions. Even as mortgage rates hover near 7% and affordability remains a concern, limited options are fueling competition for quality properties and shaping the decisions of buyers, sellers, and investors well into 2026. Navigating these complexities takes deep market expertise and a commitment to delivering the highest level of service—something I’m proud to provide, no matter where your real estate goals lead.
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