Updated May 2026 · Redfin
Chicago Real Estate Market Update, May 2026
Here are the latest housing market numbers for Chicago, IL, for May 2026, from the Redfin Data Center. Median sale price, days on market, inventory and more, with month-over-month and year-over-year change. The median sale price is $425K.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $425K | • 0.0% | ▲ +6.3% |
| Days on market | 47 | ▼ -2.1% | ▼ -4.1% |
| Homes for sale | 6,879 | ▲ +1.1% | ▼ -12.0% |
| Sale-to-list | 101.8% | ▲ +0.6% | ▲ +1.2% |
| Months of supply | 2.8 | • 0.0% | ▼ -6.7% |
| Homes sold | 2,475 | ▲ +1.8% | ▼ -4.8% |
Figures from Redfin Data Center. Verify against your MLS before posting.
What the Chicago numbers say
Prices in Chicago are still rising. The median sale price reached $425,000, up 6.3% year over year. Pace is steady: a typical listing goes under contract in about 47 days, with sellers getting 101.8% of list price.
With 6,879 homes for sale and 2.8 months of supply, Chicago is currently a seller's market.
What this means if you sell in Chicago
Use these figures to set expectations early with each client. Lead a listing appointment with the $425K median price and the 47-day pace, show the year-over-year direction, and frame Chicago as a seller's market. A buyer or seller client trusts an agent who knows the numbers cold, and posts them every month.
How we track the Chicago market
We built LOKAL to pull Chicago's numbers straight from the Redfin Data Center, so an agent and a client read from the same source. For May 2026 we recorded a $425K median sale price, +6.3% year over year, 47 days on market and a 101.8% sale-to-list ratio across 2,475 recorded sales. That compares with roughly $400K a year earlier, in 2025. Redfin has published this market data monthly since 2020, which is what lets us show month-over-month and year-over-year change here in 2026. We refresh every metro monthly. LOKAL is independent and not affiliated with Redfin; always verify against your MLS before you publish.
Turn these Chicago numbers into a finished post.
Open LOKAL with Chicago already selected. You'll get a carousel, story and square graphic with these figures in place, ready to export in seconds.
Build the Chicago post →Frequently asked: the Chicago housing market
- What is the median home price in Chicago, IL?
- As of May 2026, the median sale price in Chicago is $425,000 (+6.3% year over year), per the Redfin Data Center.
- Is Chicago a buyer's or seller's market right now?
- Chicago is currently a seller's market, based on 2.8 months of supply and a 101.8% sale-to-list ratio for May 2026.
- How long do homes take to sell in Chicago?
- A typical Chicago listing goes under contract in about 47 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this Chicago market data come from?
- All figures come from the Redfin Data Center, refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic for Chicago agents. LOKAL is not affiliated with Redfin.
Other US metros
Compare Chicago with another market
Embed this update on your site
Data: Redfin · Redfin Data Center. Figures are a metro-level snapshot, not a valuation for a specific home.
Chicago housing market by ZIP code
See Chicago block by block. These 54 Chicago-area ZIP codes each have their own real Redfin median price, days on market and supply.