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Is It a Good Time to Sell a House in Chicago?

4 of 56 tracked Chicago ZIPs show inventory building, which is competition for a seller rather than for a buyer. The median tracked ZIP records about 82 pending homes per 100 new listings. Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4. 18 of 56 tracked ZIPs (32%) show the current cooling flag.

Key stats

  • The median tracked ZIP records about 82 pending homes per 100 new listings.
  • Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
  • 18 of 56 tracked ZIPs (32%) show the current cooling flag.
  • The median tracked ZIP in Chicago has a typical home value of $340,167 and typical rent of $1,883 per month.
Tracked ZIP markets
56
Median ZIP home value
$340,167
Median ZIP rent
$1,883
median pending flow
The median tracked ZIP records about 82 pending homes per 100 new listings.
housing cost spread
Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
cooling share
18 of 56 tracked ZIPs (32%) show the current cooling flag.

What a seller is competing with in Chicago

4 of 56 tracked Chicago ZIPs show inventory building, which is competition for a seller rather than for a buyer.

The median tracked ZIP records about 82 pending homes per 100 new listings, which is the clearest available read on how quickly listings are clearing.

Sources and method

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