Chicago home prices rose at their slowest pace in almost three years and the supply of properties for sale shot up 17 percent from a year ago to its highest level since August 2012. Median sale prices advanced 4.5 percent in June, to $287,500, and the number of homes sold rose slightly.
Price appreciation in the city is slowing as more homeowners put houses, condominiums and co-ops up for sale. That’s giving buyers more bargaining power and holding prices down. Typically, properties are fetching about 97 percent of their asking price.
West Loop and Ukrainian Village are still the city’s hottest markets, with half of homes selling in nine or 10 days. Both neighborhoods rank high in walkability and are close to transit, and they’re popular with young families.
“West Loop is by far the hottest market around,” Redfin agent Niko Voutsinas said. “A lot of people who got their first condo, say, a decade ago are getting married and having kids and they’ve decided they don’t want to go to suburbia.” Wicker Park and Logan Square are selling fast, too.
Buyers have the upper hand in Pullman, McKinley Park and Englewood, where prices fell from a year ago. Pullman had the biggest price drop over the three months that ended in June, down 23.2 percent to $36,500.
See our city page for the latest information 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 | $235,900 | 33.0% | 156 | 30.0% | 287 | 44.9% |
| Andersonville | $346,500 | -0.3% | 85 | 11.8% | 161 | 37.6% |
| Archer Heights | $157,500 | 21.2% | 29 | -17.1% | 34 | -29.2% |
| Austin | $70,000 | 21.2% | 105 | -21.1% | 209 | -13.6% |
| Avondale | $329,900 | 14.7% | 140 | 35.9% | 169 | 18.2% |
| Beverly | $257,500 | -3.7% | 89 | 6.0% | 188 | 5.6% |
| Bridgeport | $319,000 | 28.6% | 53 | -15.9% | 123 | -4.7% |
| Brighton Park | $130,000 | 33.3% | 35 | -14.6% | 48 | -11.1% |
| Bucktown | $496,250 | 16.8% | 151 | 4.9% | 191 | -7.3% |
| Clearing | $152,175 | -4.9% | 117 | 6.4% | 192 | 6.7% |
| Edgewater | $206,000 | 13.7% | 346 | 15.7% | 629 | 28.4% |
| Edison Park | $315,000 | 9.0% | 86 | 22.9% | 112 | 34.9% |
| Englewood | $10,000 | -13.0% | 19 | -24.0% | 100 | 0.0% |
| Garfield Ridge | $190,000 | 11.8% | 167 | 18.4% | 280 | 30.8% |
| Gold Coast | $308,000 | 4.4% | 318 | 7.1% | 633 | 12.0% |
| Humboldt Park | $288,500 | 15.4% | 213 | 12.1% | 318 | 3.2% |
| Hyde Park | $215,000 | 56.1% | 129 | 19.4% | 344 | -0.9% |
| Jefferson Park | $249,500 | 9.9% | 125 | 0.0% | 185 | 23.3% |
| Kenwood | $200,000 | 29.0% | 75 | 15.4% | 222 | 15.0% |
| Lincoln Park / DePaul | $490,000 | 0.1% | 732 | 5.9% | 1,143 | 17.1% |
| Lincoln Square | $315,000 | 38.2% | 115 | 26.4% | 182 | 17.4% |
| Logan Square | $327,000 | 3.0% | 280 | 27.3% | 290 | 3.2% |
| McKinley Park | $130,000 | -21.2% | 25 | 31.6% | 41 | 5.1% |
| Montclare | $193,745 | 7.3% | 58 | -3.3% | 102 | 22.9% |
| Mount Greenwood | $165,500 | -8.1% | 90 | 21.6% | 118 | -9.2% |
| Near North Side | $405,000 | 5.2% | 1,306 | 4.4% | 2,370 | 6.7% |
| North Center | $430,000 | -3.2% | 176 | 25.7% | 258 | 43.3% |
| Old Town | $328,000 | -3.7% | 193 | -10.2% | 293 | -1.3% |
| Portage Park | $250,000 | 17.4% | 213 | -7.4% | 365 | 14.4% |
| Pullman | $36,500 | -23.2% | 27 | -10.0% | 58 | -1.7% |
| Ravenswood | $334,400 | 6.2% | 127 | 47.7% | 161 | 5.2% |
| River North | $405,000 | 7.3% | 427 | -1.8% | 665 | 6.6% |
| Rogers Park | $161,000 | 51.2% | 195 | -20.7% | 409 | 16.5% |
| Roscoe Village | $473,750 | 13.7% | 157 | 12.1% | 231 | 8.5% |
| Sauganash | $390,000 | 0.0% | 59 | -7.8% | 125 | 14.7% |
| South Lawndale / Little Village | $69,950 | 33.2% | 33 | -8.3% | 52 | 0.0% |
| South Loop | $342,650 | -0.7% | 530 | 7.5% | 816 | 7.2% |
| South Shore | $34,842 | 1.7% | 120 | 0.0% | 287 | -12.0% |
| Streeterville | $450,000 | 2.6% | 301 | 0.7% | 658 | -4.4% |
| The Loop | $360,000 | 7.5% | 363 | -1.9% | 684 | 5.4% |
| Tri-Taylor | $177,500 | 22.4% | 26 | 52.9% | 46 | 100.0% |
| Ukrainian Village | $440,000 | 2.3% | 63 | 0.0% | 87 | 8.8% |
| Uptown | $253,000 | 1.6% | 407 | -2.2% | 730 | 4.7% |
| West Loop | $384,950 | 17.5% | 383 | 22.4% | 298 | -9.7% |
| West Town | $419,000 | 7.4% | 873 | 19.8% | 962 | 2.3% |
| Wicker Park | $439,950 | 13.3% | 300 | 40.2% | 283 | -3.4% |
| Wrigleyville / Lakeview | $367,250 | -4.6% | 1,115 | 15.5% | 1,661 | 14.7% |
| Chicago, IL | $287,500 | 4.5% | 2,872 | 1.4% | 11,080 | 17.0% |
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 June 30. Inventory measures listings active as of June 30.For more information, contact Redfin journalist servicesPhone: 206-588-6863Email: press@redfin.com
| Neighborhood | New Listings | Median Days on Market | Avg Sale-to-List | Months of Supply |
|---|---|---|---|---|
| Albany Park | 303 | 28 | 95.6% | 0.6 |
| Andersonville | 180 | 29 | 96.1% | 0.6 |
| Archer Heights | 39 | 23 | 93.2% | 0.6 |
| Austin | 190 | 32 | 96.7% | 0.8 |
| Avondale | 209 | 18 | 98.3% | 0.4 |
| Beverly | 189 | 40 | 95.0% | 0.9 |
| Bridgeport | 112 | 30 | 97.6% | 1.0 |
| Brighton Park | 57 | 14 | 97.6% | 0.6 |
| Bucktown | 252 | 19 | 97.2% | 0.3 |
| Clearing | 204 | 35 | 95.0% | 0.6 |
| Edgewater | 659 | 29 | 94.3% | 0.6 |
| Edison Park | 134 | 20 | 95.7% | 0.5 |
| Englewood | 65 | 51 | 97.6% | 2.9 |
| Garfield Ridge | 285 | 32 | 95.2% | 0.5 |
| Gold Coast | 633 | 32 | 94.3% | 0.8 |
| Humboldt Park | 361 | 20 | 97.3% | 0.5 |
| Hyde Park | 272 | 58 | 90.5% | 1.3 |
| Jefferson Park | 225 | 21 | 94.3% | 0.4 |
| Kenwood | 183 | 59 | 91.6% | 1.4 |
| Lincoln Park / DePaul | 1,382 | 18 | 96.4% | 0.5 |
| Lincoln Square | 204 | 21 | 95.7% | 0.4 |
| Logan Square | 411 | 11 | 97.9% | 0.3 |
| McKinley Park | 41 | 34 | 94.8% | 0.8 |
| Montclare | 95 | 34 | 94.5% | 0.7 |
| Mount Greenwood | 128 | 28 | 95.4% | 0.5 |
| Near North Side | 2,512 | 26 | 96.3% | 0.6 |
| North Center | 315 | 17 | 97.5% | 0.4 |
| Old Town | 369 | 19 | 95.8% | 0.4 |
| Portage Park | 399 | 23 | 94.7% | 0.5 |
| Pullman | 44 | 41 | 93.3% | 1.0 |
| Ravenswood | 203 | 17 | 95.7% | 0.4 |
| River North | 770 | 20 | 98.4% | 0.5 |
| Rogers Park | 396 | 28 | 95.4% | 0.7 |
| Roscoe Village | 299 | 15 | 97.3% | 0.3 |
| Sauganash | 141 | 14 | 96.9% | 0.6 |
| South Lawndale / Little Village | 45 | 22 | 102.6% | 0.7 |
| South Loop | 997 | 19 | 98.6% | 0.4 |
| South Shore | 223 | 42 | 95.7% | 1.3 |
| Streeterville | 596 | 40 | 94.9% | 0.9 |
| The Loop | 720 | 32 | 96.0% | 0.6 |
| Tri-Taylor | 45 | 34 | 96.6% | 0.7 |
| Ukrainian Village | 112 | 10 | 97.6% | 0.4 |
| Uptown | 773 | 28 | 95.1% | 0.6 |
| West Loop | 496 | 9 | 100.1% | 0.2 |
| West Town | 1,349 | 13 | 97.7% | 0.3 |
| Wicker Park | 429 | 11 | 97.9% | 0.3 |
| Wrigleyville / Lakeview | 1,934 | 21 | 96.5% | 0.4 |
| Chicago, IL | 4,694 | 17 | 97.2% | 3.9 |
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 June 30. Inventory measures listings active as of June 30.
For more information, contact Redfin journalist services
Phone: 206-588-6863
Email: press@redfin.com
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