Chicago Housing Market

Home sales rose in June as buyers remained active across the Chicago housing market. While more homes went up for sale than a year ago, Chicago remained one of the nation’s most supply-constrained housing markets, helping push home prices to another record high.

Late spring and early summer are typically the busiest months of the year for homebuying, and Chicago followed that seasonal pattern in June. Home sales rose 3.6% from a year earlier, reversing May’s slight decline.

Sales didn’t increase as quickly as they did nationwide, but the year-over-year gain showed buyers remained active as the spring homebuying season drew to a close. Homes sold for 101.1% of their asking price on average, indicating that buyers continued to compete for available listings.

Buyers had more homes to choose from than they did last summer. The number of homes for sale rose 4.0% from a year earlier, nearly matching the national pace of inventory growth. Even with this increase, inventory remained about 55% below June 2019 levels, highlighting how far supply has yet to recover.

New listings rose 12.1% from a year ago, but continued buyer demand quickly absorbed much of that additional supply. Even so, Chicago remained one of the nation’s most supply-constrained housing markets, with just 3.0 months of supply compared with 4.7 months nationally.

A shortage of homes for sale pushed home prices higher. Chicago’s median sale price rose 5.3% from a year earlier to a record $400,000.

Chicago’s affordability advantage has begun to narrow as home prices continue to rise faster than the national average. Even so, Chicago remained more affordable than peer gateway markets such as New York and Los Angeles. Among similar Midwest metros, Chicago’s 5.3% price growth also topped the peer median of about 4.0%, indicating comparatively stronger price momentum.

For buyers, Chicago continued to offer relative value compared with many large metro areas. For sellers, the shortage of homes for sale continued to support prices, helping drive another month of strong home price growth.

The median home sale price in Chicago increased by 5.3% compared to the same time last year, while the national median price rose by 1.5%.

Chicago median home prices rose by $20,000 year over year on a nominal basis in June to $400,000. Meanwhile, the national median home price increased by $6,000 to $401,000.

Chicago was the 28th highest-priced housing market among the top 40 largest markets last month. The Chicago median home price of $400,000 was 0.2% below the national median home price. Chicago's median home price in June is the highest observed price for any month in the market.

The median price of Chicago single-family homes rose by $25,000 over the past year to $440,000, while the median townhome price grew by 3.3%, and the median condo price rose by 3.4%.

The number of homes for sale in Chicago increased by 4.0% in June compared to the same time last year, while national homes for sale rose by 4.2%.

Chicago homes for sale rose by 935 year over year in June to 24,190 homes for sale. Chicago ranked 20th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in June.

Chicago homes for sale were below their pre-pandemic levels in the month of June. Chicago homes for sale were 55.0% below the June 2019 total of 53,751.

Chicago single-family homes for sale grew by 3.5% to 15,565 in June. In comparison, townhomes for sale rose by 9.8% to 2,521, and condos for sale increased by 3.1% to 6,104.

The number of home sales in Chicago increased by 3.6% in June compared to the same time last year, while national home sales rose by 6.1%.

Chicago home sales increased by 373 year over year on a nominal basis in June to 10,821. For context, 10,448 sales closed in Chicago in June 2025.

Chicago ranked 26th for the annual change in home sales out of the top 40 U.S. markets in June on a percentage basis. This year's June increase of 3.6% compares to the 9.7% year over year increase in June 2025.

Chicago single-family sales increased by 3.7% in June to 6,896. In comparison, townhome sales rose by 12.9% to 1,293, and condo sales fell by 0.8% to 2,632.

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 transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Chicago during June 2026.

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.

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.

Definition of Inventory

Inventory is the number of unique active listings that were for sale 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.

Definition of Home Sales

The total number of closed home sales on the MLS during the 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.

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.