{"id":50686,"date":"2016-06-16T04:00:23","date_gmt":"2016-06-16T11:00:23","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=50686"},"modified":"2020-10-05T16:22:48","modified_gmt":"2020-10-05T23:22:48","slug":"chicago-home-prices-continue-upward-climb","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/","title":{"rendered":"Chicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition"},"content":{"rendered":"

Chicago home prices rose 4.4 percent in May from a year earlier, with the typical home selling for $281,000. Sales ticked upward 2 percent, the first increase in three months, even as fewer homes hit the market compared to the same time last year.<\/span><\/p>\n

\"Chicago<\/figure>\n

The number of homes for sale was down 13.3 percent compared to last year, the ninth consecutive month of declines and the largest drop in more than two years. The lack of homes is spurring strong competition among buyers. <\/span><\/p>\n

\u201cSome homes are getting such strong offers right out of the gate that the listing agents are cancelling open houses and aren\u2019t even bothering to ask all interested buyers for their best and final offers,\u201d Redfin real estate agent <\/span>Jenn Kim<\/span><\/a> said. <\/span><\/p>\n

A typical home in Chicago was on the market 56 days, the shortest time since July 2014. With competition fierce, buyers are changing their patterns. They\u2019re more patient and open-minded about different housing options than they have been in the past, but once they find a home that meets their must-haves, they\u2019re ready to pounce, Redfin agent <\/span>Marcus Rolle<\/span><\/a> said.<\/span><\/p>\n

\"Chicago<\/figure>\n

One out of four homes in Chicago sold over list price in May, with the typical home selling for 98.5 percent of asking price. <\/span><\/p>\n

Condominiums sold for a median price of $310,000, detached single-family homes for $220,000, townhomes for $463,500 and multi-family (two to four units) for $272,500. <\/span><\/p>\n

Hot Neighborhoods<\/b><\/p>\n

A typical home in Lincoln Park sold for $468,000, the highest among all neighborhoods, followed by North Center ($465,250), Bucktown ($460,250), Ukrainian Village ($460,000) and Roscoe Village ($450,000). <\/span><\/p>\n

Prices in Pullman increased by 87 percent compared to the same time last year, the fastest growth in the city, followed by South Shore and McKinley Park. Mount Greenwood had the fourth-highest appreciation at 38 percent. <\/span><\/p>\n

The typical Mount Greenwood home sold for $220,750. Fifty-three of the 58 sales were detached homes.<\/span><\/p>\n

\u201cMount Greenwood is popular among city employees, who are required to live in the city but often want space for a yard and traditional home for prices well under $500,000,\u201d Redfin agent <\/span>John Litrenta<\/span><\/a> said. \u201cPlus, many of the homes in the neighborhood get renovated before going back on the market, keeping prices strong.\u201d <\/span><\/p>\n

The West Loop had the shortest market time, with a typical home selling in 41 days. Wicker Park had the second-shortest market time, at 42 days, though it may be losing its popularity; home sales in Wicker Park were down 34 percent compared to this time last year, the fifth-largest drop among neighborhoods surveyed. <\/span><\/p>\n

See our city page for the most up-to-date data on Chicago <\/span>home prices<\/span><\/a>.<\/span><\/p>\n

Here\u2019s what\u2019s happening in your neighborhood:<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Place<\/th>\nMedian Sale Price<\/th>\nYear-Over-Year<\/th>\nHomes Sold<\/th>\nYear-Over-Year<\/th>\nInventory<\/th>\nYear-Over-Year<\/th>\nNew Listings<\/th>\nMedian Days on Market<\/th>\nAvg Sale-to-List<\/th>\n<\/tr>\n<\/thead>\n
Albany Park<\/a><\/td>\n$253,750<\/td>\n1.5%<\/td>\n108<\/td>\n6.9%<\/td>\n156<\/td>\n-23.2%<\/td>\n176<\/td>\n64<\/td>\n98.0%<\/td>\n<\/tr>\n
Andersonville<\/a><\/td>\n$362,450<\/td>\n9.2%<\/td>\n56<\/td>\n0.0%<\/td>\n61<\/td>\n-22.8%<\/td>\n89<\/td>\n48<\/td>\n97.7%<\/td>\n<\/tr>\n
Archer Heights<\/a><\/td>\n$174,000<\/td>\n4.2%<\/td>\n26<\/td>\n23.8%<\/td>\n24<\/td>\n-31.4%<\/td>\n30<\/td>\n98<\/td>\n94.8%<\/td>\n<\/tr>\n
Austin<\/a><\/td>\n$86,101<\/td>\n7.6%<\/td>\n101<\/td>\n-25.7%<\/td>\n156<\/td>\n-25.4%<\/td>\n126<\/td>\n65<\/td>\n102.6%<\/td>\n<\/tr>\n
Avondale<\/a><\/td>\n$299,250<\/td>\n-1.9%<\/td>\n80<\/td>\n-18.4%<\/td>\n117<\/td>\n-12.0%<\/td>\n146<\/td>\n63<\/td>\n99.7%<\/td>\n<\/tr>\n
Beverly<\/a><\/td>\n$250,000<\/td>\n5.3%<\/td>\n62<\/td>\n29.2%<\/td>\n124<\/td>\n8.8%<\/td>\n98<\/td>\n151<\/td>\n96.7%<\/td>\n<\/tr>\n
Bridgeport<\/a><\/td>\n$295,500<\/td>\n2.1%<\/td>\n37<\/td>\n-7.5%<\/td>\n75<\/td>\n-24.2%<\/td>\n63<\/td>\n66<\/td>\n98.0%<\/td>\n<\/tr>\n
Brighton Park<\/a><\/td>\n$185,000<\/td>\n35.8%<\/td>\n35<\/td>\n-12.5%<\/td>\n42<\/td>\n-35.4%<\/td>\n50<\/td>\n57<\/td>\n100.9%<\/td>\n<\/tr>\n
Bucktown<\/a><\/td>\n$460,250<\/td>\n-0.1%<\/td>\n102<\/td>\n-16.4%<\/td>\n100<\/td>\n-21.9%<\/td>\n164<\/td>\n49<\/td>\n98.9%<\/td>\n<\/tr>\n
Clearing<\/a><\/td>\n$165,409<\/td>\n4.7%<\/td>\n67<\/td>\n13.6%<\/td>\n98<\/td>\n4.3%<\/td>\n97<\/td>\n65<\/td>\n97.3%<\/td>\n<\/tr>\n
Edgewater<\/a><\/td>\n$204,000<\/td>\n2.0%<\/td>\n247<\/td>\n12.8%<\/td>\n285<\/td>\n-28.0%<\/td>\n363<\/td>\n63<\/td>\n97.3%<\/td>\n<\/tr>\n
Edison Park<\/a><\/td>\n$310,000<\/td>\n2.0%<\/td>\n43<\/td>\n-2.3%<\/td>\n59<\/td>\n1.7%<\/td>\n69<\/td>\n64<\/td>\n95.6%<\/td>\n<\/tr>\n
Englewood<\/a><\/td>\n$20,000<\/td>\n25.0%<\/td>\n37<\/td>\n-51.9%<\/td>\n174<\/td>\n-13.9%<\/td>\n89<\/td>\n61<\/td>\n98.3%<\/td>\n<\/tr>\n
Evanston<\/a><\/td>\n$324,000<\/td>\n-1.7%<\/td>\n117<\/td>\n-10.0%<\/td>\n446<\/td>\n-19.4%<\/td>\n165<\/td>\n70<\/td>\n96.7%<\/td>\n<\/tr>\n
Garfield Ridge<\/a><\/td>\n$200,000<\/td>\n8.1%<\/td>\n105<\/td>\n18.0%<\/td>\n132<\/td>\n-14.3%<\/td>\n143<\/td>\n80<\/td>\n97.7%<\/td>\n<\/tr>\n
Gold Coast<\/a><\/td>\n$390,000<\/td>\n27.9%<\/td>\n137<\/td>\n-2.8%<\/td>\n271<\/td>\n-11.4%<\/td>\n244<\/td>\n90<\/td>\n96.2%<\/td>\n<\/tr>\n
Humboldt Park<\/a><\/td>\n$260,450<\/td>\n15.8%<\/td>\n122<\/td>\n-9.0%<\/td>\n148<\/td>\n-9.8%<\/td>\n155<\/td>\n44<\/td>\n99.3%<\/td>\n<\/tr>\n
Hyde Park<\/a><\/td>\n$186,250<\/td>\n-10.0%<\/td>\n50<\/td>\n-13.8%<\/td>\n117<\/td>\n-21.5%<\/td>\n111<\/td>\n68<\/td>\n93.9%<\/td>\n<\/tr>\n
Irving Park<\/a><\/td>\n$265,000<\/td>\n-8.6%<\/td>\n168<\/td>\n14.3%<\/td>\n204<\/td>\n-17.7%<\/td>\n220<\/td>\n67<\/td>\n97.2%<\/td>\n<\/tr>\n
Jefferson Park<\/a><\/td>\n$281,250<\/td>\n8.2%<\/td>\n88<\/td>\n14.3%<\/td>\n120<\/td>\n-14.9%<\/td>\n142<\/td>\n53<\/td>\n97.3%<\/td>\n<\/tr>\n
Joliet<\/a><\/td>\n$162,000<\/td>\n11.7%<\/td>\n284<\/td>\n64.2%<\/td>\n689<\/td>\n-29.6%<\/td>\n327<\/td>\n63<\/td>\n97.1%<\/td>\n<\/tr>\n
Kenwood<\/a><\/td>\n$186,250<\/td>\n9.6%<\/td>\n40<\/td>\n-4.8%<\/td>\n103<\/td>\n-7.2%<\/td>\n97<\/td>\n73<\/td>\n96.9%<\/td>\n<\/tr>\n
Lakeview<\/a><\/td>\n$381,000<\/td>\n0.4%<\/td>\n706<\/td>\n3.2%<\/td>\n728<\/td>\n-17.5%<\/td>\n912<\/td>\n60<\/td>\n98.2%<\/td>\n<\/tr>\n
Lakeview \/ Wrigleyville<\/a><\/td>\n$382,250<\/td>\n0.6%<\/td>\n710<\/td>\n3.5%<\/td>\n730<\/td>\n-17.5%<\/td>\n916<\/td>\n60<\/td>\n98.2%<\/td>\n<\/tr>\n
Lincoln Park<\/a><\/td>\n$468,000<\/td>\n1.5%<\/td>\n249<\/td>\n4.6%<\/td>\n333<\/td>\n-5.7%<\/td>\n437<\/td>\n58<\/td>\n97.6%<\/td>\n<\/tr>\n
Lincoln Square<\/a><\/td>\n$327,000<\/td>\n-11.6%<\/td>\n90<\/td>\n5.9%<\/td>\n149<\/td>\n11.2%<\/td>\n159<\/td>\n73<\/td>\n97.6%<\/td>\n<\/tr>\n
Logan Square<\/a><\/td>\n$363,500<\/td>\n5.4%<\/td>\n208<\/td>\n0.5%<\/td>\n198<\/td>\n-7.9%<\/td>\n279<\/td>\n50<\/td>\n100.3%<\/td>\n<\/tr>\n
McKinley Park<\/a><\/td>\n$237,500<\/td>\n39.7%<\/td>\n18<\/td>\n-18.2%<\/td>\n38<\/td>\n-13.6%<\/td>\n33<\/td>\n65<\/td>\n98.8%<\/td>\n<\/tr>\n
Montclare<\/a><\/td>\n$194,750<\/td>\n1.1%<\/td>\n26<\/td>\n-18.8%<\/td>\n35<\/td>\n-44.4%<\/td>\n28<\/td>\n93<\/td>\n97.8%<\/td>\n<\/tr>\n
Mount Greenwood<\/a><\/td>\n$220,750<\/td>\n38.0%<\/td>\n58<\/td>\n9.4%<\/td>\n92<\/td>\n64.3%<\/td>\n88<\/td>\n69<\/td>\n97.3%<\/td>\n<\/tr>\n
Naperville<\/a><\/td>\n$356,500<\/td>\n5.1%<\/td>\n366<\/td>\n59.8%<\/td>\n1,361<\/td>\n-4.2%<\/td>\n441<\/td>\n71<\/td>\n97.3%<\/td>\n<\/tr>\n
Near North Side<\/a><\/td>\n$402,500<\/td>\n-1.6%<\/td>\n805<\/td>\n7.9%<\/td>\n1,121<\/td>\n-12.5%<\/td>\n1,259<\/td>\n63<\/td>\n98.2%<\/td>\n<\/tr>\n
North Center<\/a><\/td>\n$465,250<\/td>\n9.4%<\/td>\n80<\/td>\n-23.8%<\/td>\n113<\/td>\n-33.1%<\/td>\n123<\/td>\n57<\/td>\n97.7%<\/td>\n<\/tr>\n
Oakland<\/a><\/td>\n$245,000<\/td>\n-9.1%<\/td>\n12<\/td>\n-50.0%<\/td>\n25<\/td>\n-24.2%<\/td>\n27<\/td>\n81<\/td>\n95.8%<\/td>\n<\/tr>\n
Old Town<\/a><\/td>\n$393,000<\/td>\n7.4%<\/td>\n95<\/td>\n1.1%<\/td>\n110<\/td>\n-5.2%<\/td>\n143<\/td>\n52<\/td>\n98.9%<\/td>\n<\/tr>\n
Portage Park<\/a><\/td>\n$262,500<\/td>\n2.9%<\/td>\n161<\/td>\n15.8%<\/td>\n192<\/td>\n-22.3%<\/td>\n229<\/td>\n71<\/td>\n98.4%<\/td>\n<\/tr>\n
Pullman<\/a><\/td>\n$62,250<\/td>\n87.2%<\/td>\n12<\/td>\n-33.3%<\/td>\n25<\/td>\n-21.9%<\/td>\n17<\/td>\n79<\/td>\n102.6%<\/td>\n<\/tr>\n
Ravenswood<\/a><\/td>\n$368,400<\/td>\n8.7%<\/td>\n104<\/td>\n-3.7%<\/td>\n147<\/td>\n-12.5%<\/td>\n190<\/td>\n46<\/td>\n98.2%<\/td>\n<\/tr>\n
River North<\/a><\/td>\n$425,000<\/td>\n0.9%<\/td>\n298<\/td>\n33.0%<\/td>\n279<\/td>\n-17.5%<\/td>\n384<\/td>\n50<\/td>\n99.7%<\/td>\n<\/tr>\n
Rogers Park<\/a><\/td>\n$180,500<\/td>\n10.4%<\/td>\n141<\/td>\n19.5%<\/td>\n230<\/td>\n-4.6%<\/td>\n216<\/td>\n79<\/td>\n97.2%<\/td>\n<\/tr>\n
Roscoe Village<\/a><\/td>\n$450,000<\/td>\n-11.8%<\/td>\n141<\/td>\n36.9%<\/td>\n135<\/td>\n-5.6%<\/td>\n147<\/td>\n64<\/td>\n98.7%<\/td>\n<\/tr>\n
Sauganash<\/a><\/td>\n$403,000<\/td>\n8.9%<\/td>\n47<\/td>\n74.1%<\/td>\n63<\/td>\n-12.5%<\/td>\n89<\/td>\n66<\/td>\n96.6%<\/td>\n<\/tr>\n
South Lawndale \/ Little Village<\/a><\/td>\n$77,500<\/td>\n1.3%<\/td>\n18<\/td>\n-45.5%<\/td>\n58<\/td>\n-12.1%<\/td>\n33<\/td>\n68<\/td>\n104.1%<\/td>\n<\/tr>\n
South Loop<\/a><\/td>\n$347,800<\/td>\n1.8%<\/td>\n381<\/td>\n30.0%<\/td>\n370<\/td>\n-25.9%<\/td>\n512<\/td>\n62<\/td>\n100.4%<\/td>\n<\/tr>\n
South Shore<\/a><\/td>\n$60,000<\/td>\n50.0%<\/td>\n81<\/td>\n-6.9%<\/td>\n150<\/td>\n-3.2%<\/td>\n108<\/td>\n88<\/td>\n99.2%<\/td>\n<\/tr>\n
Streeterville<\/a><\/td>\n$409,500<\/td>\n-11.0%<\/td>\n192<\/td>\n-5.4%<\/td>\n362<\/td>\n-7.2%<\/td>\n350<\/td>\n86<\/td>\n96.4%<\/td>\n<\/tr>\n
The Loop<\/a><\/td>\n$383,000<\/td>\n2.1%<\/td>\n205<\/td>\n8.5%<\/td>\n365<\/td>\n16.2%<\/td>\n473<\/td>\n65<\/td>\n98.3%<\/td>\n<\/tr>\n
Tri-taylor<\/a><\/td>\n$185,000<\/td>\n-29.7%<\/td>\n24<\/td>\n41.2%<\/td>\n14<\/td>\n-54.8%<\/td>\n19<\/td>\n81<\/td>\n97.7%<\/td>\n<\/tr>\n
Ukrainian Village<\/a><\/td>\n$460,000<\/td>\n-4.9%<\/td>\n47<\/td>\n38.2%<\/td>\n44<\/td>\n0.0%<\/td>\n60<\/td>\n57<\/td>\n98.3%<\/td>\n<\/tr>\n
Uptown<\/a><\/td>\n$260,800<\/td>\n-0.5%<\/td>\n259<\/td>\n16.7%<\/td>\n298<\/td>\n-20.1%<\/td>\n417<\/td>\n54<\/td>\n97.3%<\/td>\n<\/tr>\n
Washington Park<\/a><\/td>\n$40,000<\/td>\n0.2%<\/td>\n13<\/td>\n-55.2%<\/td>\n24<\/td>\n-35.1%<\/td>\n16<\/td>\n74<\/td>\n95.1%<\/td>\n<\/tr>\n
West Loop<\/a><\/td>\n$395,000<\/td>\n2.9%<\/td>\n247<\/td>\n-5.4%<\/td>\n221<\/td>\n4.7%<\/td>\n412<\/td>\n41<\/td>\n101.1%<\/td>\n<\/tr>\n
West Town<\/a><\/td>\n$430,000<\/td>\n3.0%<\/td>\n537<\/td>\n-1.3%<\/td>\n515<\/td>\n-6.9%<\/td>\n760<\/td>\n49<\/td>\n99.3%<\/td>\n<\/tr>\n
Wicker Park<\/a><\/td>\n$445,000<\/td>\n-6.9%<\/td>\n87<\/td>\n-33.6%<\/td>\n118<\/td>\n-1.7%<\/td>\n159<\/td>\n42<\/td>\n99.2%<\/td>\n<\/tr>\n
Chicago, IL<\/b><\/td>\n$281,000<\/td>\n4.4%<\/td>\n3,336<\/td>\n2.0%<\/td>\n11,776<\/td>\n-13.4%<\/td>\n4,090<\/td>\n56<\/td>\n98.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

NOTE: Not all neighborhoods are listed, but totals for Chicago encompass the entire city. \u00a0Data is based on listing information and might not reflect all real estate activity in the market. Neighborhood-specific data is measured over a three-month span that ended May 31. Inventory measures listings active as of May 31.<\/span><\/p>\n

For more information, contact Redfin journalist services:<\/span><\/p>\n

Phone<\/strong>: 206-588-6863
\n<\/span>Email<\/strong>: <\/span>press@redfin.com<\/span><\/a><\/p>\n

See Redfin\u2019s <\/span>data center<\/span><\/a> to find out what\u2019s happening in other cities.<\/span><\/p>\n

To be added to Redfin\u2019s press release distribution list, <\/span>subscribe here.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chicago home prices rose 4.4 percent in May from a year earlier, with the typical home selling for $281,000.<\/p>\n","protected":false},"author":13053,"featured_media":53488,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[32,68],"coauthors":[],"class_list":["post-50686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional-trends","tag-housing-market-tracker","tag-local"],"acf":[],"yoast_head":"\nChicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition - Redfin Real Estate News<\/title>\n<meta name=\"description\" content=\"Chicago home prices rose 4.4 percent in May from a year earlier, with the typical home selling for $281,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition\" \/>\n<meta property=\"og:description\" content=\"Chicago home prices rose 4.4 percent in May from a year earlier, with the typical home selling for $281,000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-16T11:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-05T23:22:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/09\/Chicago-Market-Tracker-NEW.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"715\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Starace\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Starace\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/\"},\"author\":{\"name\":\"Alex Starace\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/2e4cf48161e5650d0f478608684eea95\"},\"headline\":\"Chicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition\",\"datePublished\":\"2016-06-16T11:00:23+00:00\",\"dateModified\":\"2020-10-05T23:22:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/\"},\"wordCount\":719,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/Chicago-Market-Tracker-NEW.jpg\",\"keywords\":[\"Housing Market Tracker\",\"Local\"],\"articleSection\":[\"Regional Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/#respond\"]}],\"copyrightYear\":\"2016\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/\",\"name\":\"Chicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition - Redfin Real Estate News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/Chicago-Market-Tracker-NEW.jpg\",\"datePublished\":\"2016-06-16T11:00:23+00:00\",\"dateModified\":\"2020-10-05T23:22:48+00:00\",\"description\":\"Chicago home prices rose 4.4 percent in May from a year earlier, with the typical home selling for $281,000.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/Chicago-Market-Tracker-NEW.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/Chicago-Market-Tracker-NEW.jpg\",\"width\":1200,\"height\":715},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/chicago-home-prices-continue-upward-climb\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/2e4cf48161e5650d0f478608684eea95\",\"name\":\"Alex Starace\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/Redfin-2025-Logo-B-150x150.jpgb98d1f204d143aab6d4240c534a1657e\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/Redfin-2025-Logo-B-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/Redfin-2025-Logo-B-150x150.jpg\",\"caption\":\"Alex Starace\"},\"description\":\"Alex provides journalists with the information they need for their stories. Prior to joining Redfin, he was a freelance writer who wrote extensively on the ins and outs of condo purchasing. He also covered luxury goods, with a minor in book reviews. He lives in Chicago and is lucky enough to be able to walk to work. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our \\\"Why Redfin?,\\\" page.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/alex-staraceredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition - Redfin Real Estate News","description":"Chicago home prices rose 4.4 percent in May from a year earlier, with the typical home selling for $281,000.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/","og_locale":"en_US","og_type":"article","og_title":"Chicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition","og_description":"Chicago home prices rose 4.4 percent in May from a year earlier, with the typical home selling for $281,000.","og_url":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2016-06-16T11:00:23+00:00","article_modified_time":"2020-10-05T23:22:48+00:00","og_image":[{"width":1200,"height":715,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/09\/Chicago-Market-Tracker-NEW.jpg","type":"image\/jpeg"}],"author":"Alex Starace","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Alex Starace","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/"},"author":{"name":"Alex Starace","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/2e4cf48161e5650d0f478608684eea95"},"headline":"Chicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition","datePublished":"2016-06-16T11:00:23+00:00","dateModified":"2020-10-05T23:22:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/"},"wordCount":719,"commentCount":0,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/09\/Chicago-Market-Tracker-NEW.jpg","keywords":["Housing Market Tracker","Local"],"articleSection":["Regional Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/#respond"]}],"copyrightYear":"2016","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/","url":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/","name":"Chicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition - Redfin Real Estate News","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/09\/Chicago-Market-Tracker-NEW.jpg","datePublished":"2016-06-16T11:00:23+00:00","dateModified":"2020-10-05T23:22:48+00:00","description":"Chicago home prices rose 4.4 percent in May from a year earlier, with the typical home selling for $281,000.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/09\/Chicago-Market-Tracker-NEW.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/09\/Chicago-Market-Tracker-NEW.jpg","width":1200,"height":715},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/chicago-home-prices-continue-upward-climb\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"Chicago Home Prices Continue Upward Climb Amid Limited Selection and Fierce Competition"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/2e4cf48161e5650d0f478608684eea95","name":"Alex Starace","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/06\/Redfin-2025-Logo-B-150x150.jpgb98d1f204d143aab6d4240c534a1657e","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/06\/Redfin-2025-Logo-B-150x150.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/06\/Redfin-2025-Logo-B-150x150.jpg","caption":"Alex Starace"},"description":"Alex provides journalists with the information they need for their stories. Prior to joining Redfin, he was a freelance writer who wrote extensively on the ins and outs of condo purchasing. He also covered luxury goods, with a minor in book reviews. He lives in Chicago and is lucky enough to be able to walk to work. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our \"Why Redfin?,\" page.","url":"https:\/\/www.redfin.com\/news\/author\/alex-staraceredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/50686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13053"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=50686"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/50686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/53488"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=50686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=50686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=50686"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=50686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}