The Central Chicago housing market is somewhat competitive. Homes in Central Chicago receive 2 offers on average and sell in around 70 days. The median sale price of a home in Central Chicago was $394K last month, down 1.5% since last year. The median sale price per square foot in Central Chicago is $352, up 3.8% since last year.
What is the housing market like in Central Chicago today?
In April 2024, Central Chicago home prices were down 1.5% compared to last year, selling for a median price of $394K. On average, homes in Central Chicago sell after 70 days on the market compared to 79 days last year. There were 1,144 homes sold in April this year, up from 1,037 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$393,940
-1.5% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Central Chicago, IL
$393,940
-1.5%
United States
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How hot is the Central Chicago housing market?
Central Chicago is somewhat competitive. Homes sell in 66.5 days.
0
100
33
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 67 days.
Hot homes
can sell for about 2% above list price and go pending in around 40 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Central Chicago housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Central Chicago.
Risk Factor
Flood Factor - Minor
41% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Central Chicago has a minor risk of flooding. 232 properties in Central Chicago are likely to be
severely affected
by flooding over the next 30 years. This represents 41% of all properties in Central Chicago. Flood risk is increasing slower than the national average.
Central Chicago has minimal risk of severe winds over the next 30 years
Wind Factor
Central Chicago has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Central Chicago has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Central Chicago have a Moderate Heat Factor®.
Central Chicago is expected to see a 100% increase in the number of days over 100ºF over the next 30 years. Central Chicago is expected to experience 7