All Home Types
Chicago, IL Housing Market
What is the housing market like in Chicago today?
In October 2024, Chicago home prices were up 7.3% compared to last year, selling for a median price of $351K. On average, homes in Chicago sell after 59 days on the market compared to 57 days last year. There were 2,003 homes sold in October this year, up from 1,905 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$351,000
+7.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Chicago, IL
$351,000
+7.3%
United States
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Chicago Migration & Relocation Trends
In Sep '24 - Nov '24, 14% of Chicago homebuyers searched to move out of Chicago, while 86% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Chicago from outside metros.
- New York homebuyers searched to move into Chicago more than any other metro followed by Peoria and St. Louis.
Where are people moving to Chicago from?
- 86% of Chicago homebuyers searched to stay within the Chicago metropolitan area.
- Cape Coral was the most popular destination among Chicago homebuyers followed by Milwaukee and South Bend.
Where are people from Chicago moving to?
Number of People Moving to Chicago
least
most
People are moving to Chicago from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 2,027 | ||
| 2 | 1,058 | ||
| 3 | 865 | ||
| 4 | 636 | ||
| 5 | 626 | ||
| 6 | 501 | ||
| 7 | 397 | ||
| 8 | 334 | ||
| 9 | 196 | ||
| 10 | 192 | ||
People are leaving Chicago for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 1,343 | ||
| 2 | 1,227 | ||
| 3 | 1,217 | ||
| 4 | 973 | ||
| 5 | 834 | ||
| 6 | 664 | ||
| 7 | 608 | ||
| 8 | 603 | ||
| 9 | 599 | ||
| 10 | 593 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Chicago.
Provided by First Street Foundation
Transportation in Chicago
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