Do homes sell over asking in Chicago, IL?
In Chicago, IL, 48% of homes sold for more than the asking price during May 2026. The other 52% sold at or below what the seller asked.
Across all sales, the typical home fetched 101% of its asking price. That is above the asking price on average, which means bidding is still happening on the better homes.
14% of the homes on the market cut their price during the same stretch. A high number there and a low number above asking usually means sellers are starting too high.
A share this high means well-priced homes in Chicago, IL are still drawing competing offers. If you are buying, expect to need your best number first.
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?
- Are home prices going up or down 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
Other markets
- Do homes sell above asking price in Lake County, IL?
- Do homes sell above asking price in Elgin, IL?
- Do homes sell above asking price in Peoria, IL?
- Do homes sell above asking price in Rockford, IL?
- Do homes sell above asking price in Springfield, IL?
- Do homes sell above asking price in Champaign, IL?
- Do homes sell above asking price in Bloomington, IL?
- Do homes sell above asking price in Carbondale, IL?
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.