HomeMarketCap.com30 of 56 tracked Chicago ZIPs still show rent acceleration, so the softening is uneven rather than citywide. Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4. New-construction sales changed 24.55% year over year. The median tracked ZIP records about 82 pending homes per 100 new listings.
Key stats
- Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
- The median tracked ZIP records about 82 pending homes per 100 new listings.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.1.
- New-construction sales changed 24.55% year over year.
- Tracked ZIP markets
- 56
- Median ZIP home value
- $340,167
- Median ZIP rent
- $1,883
- 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.
- new construction change
- New-construction sales changed 24.55% year over year.
- median pending flow
- The median tracked ZIP records about 82 pending homes per 100 new listings.
How broad is rent softening?
Metro new-construction sales changed 24.55% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules