The Central Chicago housing market is somewhat competitive. Homes in Central Chicago receive 2 offers on average and sell in around 101 days. The median sale price of a home in Central Chicago was $390K last month, up .0% 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 March 2024, Central Chicago home prices were up .0% compared to last year, selling for a median price of $390K. On average, homes in Central Chicago sell after 101 days on the market compared to 100 days last year. There were 871 homes sold in March this year, down from 872 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$390,000
0.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Central Chicago, IL
$390,000
0.0%
United States
To compare other locations to the Central Chicago and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Chicago add value to a home.
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How hot is the Central Chicago housing market?
Central Chicago is somewhat competitive. Homes sell in 71 days.
0
100
31
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 71 days.
Hot homes
can sell for about 1% above list price and go pending in around 41 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Skinner Elementary School
Public • PreK-8
1211
Students
60 reviews
9/10
Haines Elementary School
Public • PreK-8
682
Students
5 reviews
9/10
Skinner North Elementary School
Public • K-8
523
Students
19 reviews
9/10
Jackson A Elementary Language Academy
Public • K-8 • Choice school
530
Students
22 reviews
8/10
Stem Magnet Academy Elementary
Public • K-8 • Choice school
432
Students
28 reviews
Only showing 5 of
21 elementary schools.
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