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Is the Chicago Real Estate Market Cooling or Slowing Down?

16 of 56 tracked Chicago ZIPs carry the cooling flag — selective, not citywide. 6 of 56 ZIPs (11%) show faster inventory growth. Across tracked ZIPs the typical home value runs from $130,123 in 60621 to $676,448 in 60614 — a factor of 5.2. The median tracked ZIP records about 83 pending homes per 100 new listings.

Key stats

  • 6 of 56 ZIPs (11%) show faster inventory growth.
  • Across tracked ZIPs the typical home value runs from $130,123 in 60621 to $676,448 in 60614 — a factor of 5.2.
  • The median tracked ZIP records about 83 pending homes per 100 new listings.
  • The metro income-needed indicator changed 5.54% year over year.
Tracked ZIP markets
56
Median ZIP home value
$335,515
Median ZIP rent
$1,862
inventory growth share
6 of 56 ZIPs (11%) show faster inventory growth.
housing cost spread
Across tracked ZIPs the typical home value runs from $130,123 in 60621 to $676,448 in 60614 — a factor of 5.2.
median pending flow
The median tracked ZIP records about 83 pending homes per 100 new listings.

How broad is the cooling in Chicago?

6 of 56 ZIPs (11%) show faster inventory growth.

Sources and method

Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.

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