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Is the Chicago Real Estate Market Cooling or Slowing Down?

18 of 56 tracked Chicago ZIPs carry the cooling flag — selective, not citywide. 4 of 56 ZIPs (7%) show faster inventory growth. 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.

Key stats

  • 4 of 56 ZIPs (7%) show faster inventory growth.
  • 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 metro income-needed indicator changed 3.25% year over year.
Tracked ZIP markets
56
Median ZIP home value
$340,167
Median ZIP rent
$1,883
inventory growth share
4 of 56 ZIPs (7%) show faster inventory growth.
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.
median pending flow
The median tracked ZIP records about 82 pending homes per 100 new listings.

How broad is the cooling in Chicago?

4 of 56 ZIPs (7%) show faster inventory growth.

Sources and method

Figures are updated monthly under our editorial policy. Spotted something wrong? Report a correction.

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