Chicago Real Estate Market Overview & Forecast (2025 & 2026) | The Luxury Playbook

In 2025, the Chicago real estate market offers a mix of opportunities and challenges, with a median home value of $297,772 reflecting a 3. 2% year-over-year increase. The median listing price is $344,900, down 4. 2% from last year, indicating some price corrections in certain areas. Homes are averaging 31 days on the market, which suggests sustained demand despite rising buyer price sensitivity.

Economic stability, employment diversification, and infrastructure improvements bolster long-term growth prospects. Investors should note the widening gap between seller expectations and buyer affordability thresholds. The market remains attractive for both primary homeowners and investors seeking value in a major urban center. Key takeaways include the stable price trends and the variety of housing types available, from luxury high-rises to affordable homes in emerging neighborhoods.