Are home prices going up or down in Chicago, IL?
In Chicago, IL, the typical home sold for $397,500 during May 2026. That is 6% higher than the same stretch a year ago, so prices are up.
Over the last 36 months the typical sale price in Chicago, IL went from $345,000 to $397,500 — up 15%.
Prices are at their highest point in that three-year window right now.
Measured by size, homes in Chicago, IL are selling for about $243 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Chicago, IL area, through May 2026.
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More about the Chicago, IL market
- When is the best month to sell a house in Chicago, IL?
- How long does it take to sell a house in Chicago, IL?
- Do homes sell above asking price in Chicago, IL?
- Is Chicago, IL a buyer's market or a seller's market?
- How many homes are for sale in Chicago, IL?
- All Chicago, IL housing numbers
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Figures come from Redfin's published market data for the Chicago, IL area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.