The median home sale price in Chicago increased by 3.7% in January compared to the same month in 2025, ranking among the top-performing major U.S. metros for price growth.
Chicago home price growth outpaces the U.S.
Chicago's home prices increased 3.7% year over year in January, notably outpacing the national gain of 1.3%. This places Chicago ninth among the largest 40 U.S. metros for annual price growth on a percentage basis, alongside other major markets such as Boston and Miami.
Chicago's home prices increased by $12,075 in January
On a dollar basis, Chicago ranks 12th among the top 40 markets, with average home prices rising $12,075 in January compared to a national increase of $4,900. Growth was driven primarily by attached homes, which rose by $19,900, though prices for detached homes and condos still outpaced the national average.
Chicago remains one of the most affordable major markets in the country
Despite consistent appreciation, Chicago remains among the most affordable markets in the U.S. The average home sale price reached $342,075 in January, ranking 30th among the 40 largest markets in the U.S. Prices remain roughly 51% lower than in other major gateway markets, such as Boston, where prices reached $700,000.
For questions and commentary about this report:
Adrian Brizuela, Associate Director of Market Analytics at CoStar and Homes.com, based in Chicago, is available for interviews to provide expert insights on this data and the broader residential real estate market.
Adrian Brizuela
Associate Director of Market Analytics
Homes.com
abrizuela@costar.com
Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all home sales are accounted for, they provide an early indication of home sale price appreciation in Chicago during January 2026.
Definition of Sale Prices
Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.
About the Homes.com Market Analytics Team
The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.
About Homes.com Analytics Data
The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.
The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.