Housing in Chicago, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$355,000
Median List Price
$399,949
Price Per Sq Ft
$250
Days on Market
76
Active Inventory
5,219
Months of Supply
4.3
Balanced market
Zillow Home Value
$305,295
ZHVI — January 2026
Zillow Rent Index
$2,252
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
30.9%
Off Market in 2 Weeks
36.4%
Sale-to-List Ratio
98.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1,215
New Listings
2,104
Pending Sales
1,959
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$250
Median List $/SF
$277
Chicago vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with over 1,000,000 residents. Chicago is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$315,200
Median Rent
$1,380
Total Housing Units
1,268,199
Vacancy Rate
9.6%
Owner Occupied
45.5%
Renter Occupied
54.5%
Median Property Tax
$4,814
per year
Monthly Cost (w/ Mortgage)
$1,759
Housing Types
The current median sale price in Chicago, IL is $355,000 according to Redfin data. Homes spend a median of 76 days on the market. 30.9% of homes sold above asking price. The market has 4.3 months of supply. The median price per square foot is $250. Zillow's observed rent index is $2,252/month. About 45.5% of housing units are owner-occupied. The median year homes were built is 1952. There are 1,268,199 total housing units.