Updated June 2026 · Redfin
Chicago vs New York: real estate market, June 2026
A side-by-side housing-market snapshot for Chicago, IL and New York, NY for June 2026: median sale price, days on market, inventory and the buyer-vs-seller balance, straight from the Redfin Data Center.
| Metric | Chicago, IL | New York, NY |
|---|---|---|
| Median sale price | $365K ▲ +3.6% | $765K ▲ +3.5% |
| Days on market | 37 ▼ -8.6% | 58 ▼ -8.4% |
| Homes for sale | 13,200 ▼ -9.3% | 18,400 ▼ -9.0% |
| Sale-to-list | 99.5% ▲ +1.3% | 98.6% ▲ +1.2% |
| Months of supply | 3.0 ▼ -7.2% | 4.8 ▼ -7.0% |
| Homes sold | 4,120 ▲ +3.2% | 2,940 ▲ +3.2% |
Figures from Redfin Data Center. Verify against your MLS before posting.
The verdict
As of June 2026, Chicago is the more affordable of the two at a $365,000 median sale price, about 52% below New York ($765,000). Chicago is the faster-moving market, with homes going under contract in about 37 days versus 58 in New York.
Which market fits your client?
For buyers, New York offers a little more breathing room, with 4.8 months of supply against 3.0 in Chicago, which usually means less bidding pressure. For sellers, Chicago is the tighter market, with a 99.5% sale-to-list ratio. On price momentum, Chicago is appreciating faster (+3.6% vs +3.5% year over year).
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Frequently asked
- Is Chicago or New York more affordable?
- As of June 2026, Chicago is the more affordable market at a $365,000 median sale price, about 52% below New York ($765,000), per the Redfin Data Center.
- Which market moves faster, Chicago or New York?
- Chicago moves faster: a typical listing goes under contract in about 37 days, versus 58 days in New York (June 2026).
- Is Chicago or New York better for buyers right now?
- New York gives buyers a little more room, with 4.8 months of supply versus 3.0 in Chicago. More months of supply usually means less competition and more negotiating leverage for buyers.
- Where do these Chicago and New York numbers come from?
- Both metros draw on the Redfin Data Center, refreshed monthly. LOKAL turns the figures into a ready-to-post carousel, story and square for either city. LOKAL is not affiliated with Redfin; always verify against your local MLS before quoting figures to clients.
Data: Redfin · Redfin Data Center. Figures are metro-level snapshots, not valuations for a specific home.