Chicago Home Prices Hold Steady as For-Sale Signs Multiply; Roscoe Village Moving Fast

Real Estate News & Analysis

Chicago Home Prices Hold Steady as For-Sale Signs Multiply; Roscoe Village Moving Fast

chicago home prices

Chicago home values held steady in September from a year earlier, with the median sale price rising slightly to $249,250. Sales were up 6 percent year over year.

There were more than 10,800 homes for sale, a three-year high and a 4.2 percent increase from this time last year. Despite the growing inventory, Chicago remains a seller’s market. The city had only a 4.5-month supply of properties for sale, below the 6 months of inventory that signals a balanced market. A typical home sold in 24 days.

MedianSalePriceFinal

Hot Neighborhoods

Roscoe Village and the West Loop tied for the fastest-moving neighborhoods, with half the homes in each going under contract in nine days or less. Median sale prices were $456,000 and $371,800, respectively.

A study in contrasts, the West Loop is known for its loft-conversion condos along restaurant row, while Roscoe Village offers far more single-family homes and is seen as an alternative to pricier North Center and Lincoln Park.

HomesSoldFinal

The median sale price in Tri-Taylor jumped a meteoric 108 percent to $296,300, though with a small-sample caveat: only 11 transactions were recorded. Nevertheless, interest appears to be genuine, especially in the wake of new construction.

“For a long time, no one was looking in Tri-Taylor,” Redfin real estate agent Alex Haried said. “But with the new SmartTech Homes project attracting buyers to the area, they’re seeing the neighborhood as a whole and the solid value it represents.”

North Center had the highest median sale price, at $537,000, followed by Bucktown at $525,700. Lincoln Park came in third at $499,700.

See our city pages for the most up-to-date data on Chicago home prices.

Here’s what’s happening in your neighborhood:

Neighborhood Median Sale Price Year-Over-Year Homes sold Year-Over-Year Inventory Year-Over-Year
Albany Park $241,500 18.7% 94 13.3% 150 21.0%
Andersonville $362,400 20.0% 65 35.4% 68 7.9%
Archer Heights $183,100 16.3% 16 -38.5% 24 26.3%
Austin $80,800 6.5% 65 -1.5% 116 27.5%
Avondale $313,400 -8.3% 78 23.8% 69 -1.4%
Beverly $281,600 -1.7% 68 21.4% 130 19.3%
Bridgeport $343,800 8.7% 40 -2.4% 74 0.0%
Brighton Park $131,300 -0.5% 17 -26.1% 42 75.0%
Bucktown $525,700 3.2% 99 11.2% 89 -1.1%
Clearing $163,900 12.2% 80 19.4% 104 26.8%
Edgewater $236,400 9.0% 231 6.5% 297 13.8%
Edison Park $357,000 9.0% 48 23.1% 73 30.4%
Englewood $14,800 -25.6% 12 0.0% 50 0.0%
Garfield Ridge $195,200 10.7% 115 18.6% 126 5.9%
Gold Coast $277,400 -10.9% 191 -2.6% 325 4.8%
Humboldt Park $307,300 18.1% 122 -6.2% 136 -1.4%
Hyde Park $185,100 -11.3% 102 41.7% 174 -19.4%
Jefferson Park $251,900 -3.2% 93 66.1% 99 13.8%
Kenwood $196,200 2.6% 50 4.2% 112 -10.4%
Lincoln Park / DePaul $499,700 3.6% 495 6.5% 543 6.1%
Lincoln Square $294,400 -9.8% 66 0.0% 87 10.1%
Logan Square $318,000 -6.2% 151 -10.1% 144 7.5%
McKinley Park $242,700 20.1% 18 5.9% 25 13.6%
Montclare $225,900 30.5% 40 33.3% 49 -2.0%
Mount Greenwood $213,600 5.1% 52 15.6% 77 40.0%
Near North Side $395,800 -1.4% 838 6.2% 1,213 9.4%
North Center $537,000 12.4% 109 32.9% 111 15.6%
Old Town $318,800 -11.0% 164 10.8% 148 8.8%
Portage Park $243,700 3.7% 149 5.7% 194 12.8%
Pullman $54,600 -22.6% 17 70.0% 23 -23.3%
Ravenswood $370,200 14.6% 84 13.5% 79 -2.5%
River North $394,600 -0.5% 293 6.2% 310 9.9%
Rogers Park $178,100 21.3% 133 6.4% 206 30.4%
Roscoe Village $456,000 -21.1% 103 17.0% 105 16.7%
Sauganash $359,700 -0.3% 60 62.2% 72 56.5%
South Lawndale / Little Village $55,000 4.4% 15 -6.3% 23 9.5%
South Loop $336,600 1.1% 367 11.9% 369 16.8%
South Shore $57,800 44.9% 57 -10.9% 138 -25.4%
Streeterville $447,700 -5.2% 189 13.2% 321 -4.2%
The Loop $319,900 -4.8% 238 8.2% 347 10.9%
Tri-Taylor $296,300 108.4% 11 -21.4% 25 66.7%
Ukrainian Village $412,100 3.9% 42 68.0% 32 -20.0%
Uptown $230,900 0.7% 271 27.8% 319 -10.4%
West Loop $371,800 -1.4% 277 -2.5% 142 -17.4%
West Town $427,800 3.7% 552 10.0% 382 -14.2%
Wicker Park $473,600 14.9% 193 17.7% 110 -31.3%
Wrigleyville / Lakeview $353,600 0.3% 683 10.2% 708 0.3%
Chicago, IL $249,250 1.7% 2,430 6.3% 10,835 4.2%
Neighborhood New Listings Median Days on Market Avg Sale-to-List
Albany Park 185 21 95.3%
Andersonville 83 21 96.2%
Archer Heights 30 62 97.3%
Austin 144 34 98.6%
Avondale 104 15 96.4%
Beverly 158 24 96.7%
Bridgeport 82 19 94.9%
Brighton Park 55 19 101.8%
Bucktown 145 12 97.3%
Clearing 125 21 95.1%
Edgewater 329 30 93.9%
Edison Park 93 20 96.1%
Englewood 34 56 87.6%
Garfield Ridge 168 33 93.8%
Gold Coast 341 27 94.9%
Humboldt Park 211 18 97.8%
Hyde Park 133 48 90.7%
Jefferson Park 147 25 94.3%
Kenwood 84 51 88.6%
Lincoln Park / DePaul 779 16 96.7%
Lincoln Square 97 26 95.3%
Logan Square 219 12 97.0%
McKinley Park 26 18 98.5%
Montclare 63 22 97.6%
Mount Greenwood 100 13 96.9%
Near North Side 1,357 25 96.6%
North Center 164 16 96.7%
Old Town 213 14 96.8%
Portage Park 261 22 94.9%
Pullman 28 59 90.1%
Ravenswood 127 21 96.3%
River North 413 21 97.4%
Rogers Park 235 26 94.2%
Roscoe Village 173 9 96.3%
Sauganash 89 34 94.0%
South Lawndale / Little Village 25 31 102.2%
South Loop 513 17 99.1%
South Shore 133 39 90.3%
Streeterville 307 35 95.6%
The Loop 373 30 96.7%
Tri-Taylor 27 49 95.9%
Ukrainian Village 49 16 97.9%
Uptown 393 26 94.7%
West Loop 278 9 99.0%
West Town 706 13 97.9%
Wicker Park 218 10 98.2%
Wrigleyville / Lakeview 989 22 96.3%
Chicago, IL 4,364 24 95.7%

 

NOTE: Not all neighborhoods are listed, but totals for Chicago encompass entire city. Data is based on listing information and might not reflect all real estate activity in the market. Neighborhood data is measured over the three months ended Sept. 31. Inventory measures listings active as of Sept. 31.

For more information, contact Redfin journalist services

Phone: 206-588-6863

Email: press@redfin.com

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