The Central Chicago housing market is somewhat competitive. Homes in Central Chicago receive 1 offers on average and sell in around 85 days. The median sale price of a home in Central Chicago was $430K last month, up 8.9% since last year. The median sale price per square foot in Central Chicago is $357, up 3.0% since last year.
What is the housing market like in Central Chicago today?
In January 2025, Central Chicago home prices were up 8.9% compared to last year, selling for a median price of $430K. On average, homes in Central Chicago sell after 85 days on the market compared to 92 days last year. There were 856 homes sold in January this year, up from 743 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$430,000
+8.9% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Central Chicago, IL
$430,000
+8.9%
United States
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How hot is the Central Chicago housing market?
Central Chicago is somewhat competitive. Homes sell in 88 days.
0
100
36
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 88 days.
Hot homes
can sell for about 1% above list price and go pending in around 46 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.
Flood Factor - Minor
39% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Central Chicago has a minor risk of flooding. 218 properties in Central Chicago are likely to be
severely affected
by flooding over the next 30 years. This represents 39% of all properties in Central Chicago. Flood risk is increasing faster than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Central Chicago has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Central Chicago is most at risk from hurricanes. 5,353 properties in Central Chicago have some risk of being in a severe wind event within the next 30 years.
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