Chicago home values increased 3.7 percent in October from a year earlier, with the typical home selling for $239,000. Sales were essentially flat, exhibiting a 0.4 percent increase.
While prices and sales edged up compared to the same time last year, both are down from September, reflecting a normal cooling cycle as homebuyers and sellers become less active heading into the holidays.
The city’s 4.8-month supply of properties for sale is Chicago’s highest since February, but remains below the six months of inventory that signals a balanced market. Inventory was up 2.9% and a typical Chicago home sold in 26 days.
Hot Neighborhoods
Three South Side neighborhoods were among the four that experienced price growth of more than 40 percent. A typical home in Kenwood sold for $200,000, a 43 percent increase over last year, while South Shore rose to $56,450, a 46 percent increase. Pullman was the largest gainer, up 116 percent to $94,900, though among only 15 transactions.
The priciest neighborhood in the city was Bucktown, with a median sale price of $542,500, followed by Lincoln Park at $492,250.
Old Town was the biggest lagger, with prices dropping 28 percent from last year and sales down 8 percent.
In Bridgeport, prices rose 27 percent, to $331,100. The increase was attributable largely to the third phase of Riverbend Estates, which had a number of home sales recently above $400,000, along with several other one-off new construction sales at similar price points.
“By and large, these are conversions of formerly industrial land. As homebuilders see success, they’ll likely to continue on in southern Bridgeport, which has plenty of shuttered factories and the like, ripe for development,” Redfin real estate agent Alex Haried said.
“Pricewise, builders are finding that this is what the market will bear. Above $400,000 for a good-quality, single-family home in Chicago might be the new entry-level, even in a traditionally less-expensive neighborhood,” Haried said.
See our city page for the most up-to-date data on Chicago home prices.
Here’s what’s happening in your neighborhood:
| Neighborhood | Median Sale Price | Year-Over-Year | Homes sold | Year-Over-Year | Inventory | Year-Over-Year |
|---|---|---|---|---|---|---|
| Albany Park | $233,750 | 7.5% | 88 | 7.3% | 159 | 3.2% |
| Andersonville | $361,000 | 24.5% | 54 | 14.9% | 75 | 2.7% |
| Archer Heights | $175,000 | 12.9% | 19 | -29.6% | 26 | 4.0% |
| Austin | $86,000 | -2.3% | 65 | -3.0% | 143 | 17.2% |
| Avondale | $278,450 | -12.7% | 62 | -4.6% | 83 | -14.4% |
| Beverly | $265,000 | -11.7% | 59 | 25.5% | 154 | 26.2% |
| Bridgeport | $331,100 | 27.3% | 34 | -5.6% | 89 | 4.7% |
| Brighton Park | $135,500 | -6.6% | 27 | 35.0% | 47 | 42.4% |
| Bucktown | $542,500 | 10.7% | 80 | 8.1% | 107 | 1.9% |
| Clearing | $167,500 | 8.8% | 75 | 17.2% | 122 | 15.1% |
| Edgewater | $235,000 | 9.8% | 205 | 8.5% | 333 | 7.4% |
| Edison Park | $323,000 | 4.2% | 41 | 32.3% | 73 | 2.8% |
| Englewood | $16,000 | 15.6% | 17 | 30.8% | 61 | -12.9% |
| Garfield Ridge | $195,000 | 5.5% | 101 | 1.0% | 163 | 5.2% |
| Gold Coast | $269,950 | -15.3% | 172 | 6.2% | 370 | -2.9% |
| Humboldt Park | $285,000 | 36.2% | 115 | 12.7% | 160 | -6.4% |
| Hyde Park | $159,000 | -16.9% | 81 | 50.0% | 190 | -22.1% |
| Irving Park | $286,500 | 9.1% | 128 | 6.7% | 280 | 34.6% |
| Jefferson Park | $235,000 | -3.7% | 85 | 49.1% | 102 | -5.6% |
| Kenwood | $200,000 | 42.9% | 53 | 8.2% | 128 | -10.5% |
| Lincoln Park / DePaul | $492,250 | 3.6% | 384 | -1.5% | 625 | -1.3% |
| Lincoln Square | $265,000 | -10.9% | 53 | 0.0% | 106 | 8.2% |
| Logan Square | $334,000 | 0.0% | 139 | 0.0% | 171 | 6.9% |
| McKinley Park | $197,000 | 9.4% | 16 | 6.7% | 27 | 0.0% |
| Montclare | $200,000 | 7.7% | 37 | 27.6% | 51 | -21.5% |
| Mount Greenwood | $209,900 | 5.0% | 49 | 0.0% | 83 | 2.5% |
| Near North Side | $391,000 | -1.7% | 739 | 13.5% | 1,354 | -0.1% |
| North Center | $455,650 | -4.7% | 82 | 43.9% | 108 | 3.8% |
| Old Town | $285,000 | -27.8% | 123 | -7.5% | 172 | 0.0% |
| Portage Park | $237,550 | 2.9% | 140 | 13.8% | 239 | 16.6% |
| Pullman | $94,900 | 115.7% | 15 | 15.4% | 27 | -25.0% |
| Ravenswood | $335,000 | 6.6% | 67 | 11.7% | 89 | -6.3% |
| River North | $397,500 | 4.5% | 255 | 19.2% | 352 | 2.3% |
| Rogers Park | $165,000 | 10.0% | 114 | -5.8% | 242 | 26.7% |
| Roscoe Village | $471,000 | -12.8% | 84 | 18.3% | 135 | 23.9% |
| Sauganash | $385,000 | 7.7% | 47 | 46.9% | 90 | 66.7% |
| South Lawndale / Little Village | $57,250 | 16.2% | 10 | -37.5% | 29 | -3.3% |
| South Loop | $333,000 | 0.9% | 306 | 14.6% | 443 | 17.2% |
| South Shore | $56,450 | 45.7% | 64 | -8.6% | 173 | -15.6% |
| Streeterville | $474,000 | 5.3% | 161 | 0.0% | 364 | -12.7% |
| The Loop | $326,750 | -3.3% | 228 | 26.0% | 400 | 6.1% |
| Tri-Taylor | $297,000 | 101.5% | 10 | -28.6% | 26 | 36.8% |
| Ukrainian Village | $420,750 | 2.2% | 28 | 27.3% | 39 | -22.0% |
| Uptown | $232,000 | 2.0% | 221 | 27.7% | 344 | -17.5% |
| West Loop | $345,000 | -7.3% | 179 | -3.8% | 121 | -20.4% |
| West Town | $425,000 | 5.3% | 450 | 13.6% | 468 | -15.5% |
| Wicker Park | $437,500 | 9.6% | 153 | 22.4% | 141 | -25.8% |
| Wrigleyville / Lakeview | $346,250 | -6.0% | 535 | -4.3% | 812 | -6.0% |
| Chicago | $239,000 | 3.7% | 2,184 | 0.4% | 10,547 | 2.9% |
| Neighborhood | New Listings | Median Days on Market | Avg Sale-to-List |
|---|---|---|---|
| Albany Park | 141 | 24 | 95.4% |
| Andersonville | 72 | 20 | 96.0% |
| Archer Heights | 27 | 56 | 94.4% |
| Austin | 130 | 27 | 103.6% |
| Avondale | 77 | 18 | 94.9% |
| Beverly | 123 | 20 | 96.2% |
| Bridgeport | 77 | 11 | 96.5% |
| Brighton Park | 40 | 25 | 98.8% |
| Bucktown | 113 | 10 | 97.3% |
| Clearing | 107 | 35 | 94.2% |
| Edgewater | 271 | 28 | 94.8% |
| Edison Park | 64 | 23 | 95.7% |
| Englewood | 35 | 33 | 101.8% |
| Garfield Ridge | 160 | 40 | 94.6% |
| Gold Coast | 287 | 27 | 95.4% |
| Humboldt Park | 170 | 17 | 97.3% |
| Hyde Park | 109 | 38 | 92.4% |
| Irving Park | 257 | 22 | 94.6% |
| Jefferson Park | 102 | 14 | 93.8% |
| Kenwood | 75 | 62 | 91.4% |
| Lincoln Park / DePaul | 601 | 17 | 96.7% |
| Lincoln Square | 82 | 21 | 93.8% |
| Logan Square | 182 | 12 | 97.0% |
| McKinley Park | 17 | 30 | 97.2% |
| Montclare | 51 | 29 | 97.4% |
| Mount Greenwood | 80 | 18 | 95.5% |
| Near North Side | 1,104 | 27 | 96.7% |
| North Center | 115 | 11 | 96.4% |
| Old Town | 183 | 15 | 97.2% |
| Portage Park | 226 | 20 | 94.8% |
| Pullman | 24 | 35 | 96.7% |
| Ravenswood | 95 | 27 | 95.9% |
| River North | 338 | 23 | 97.8% |
| Rogers Park | 192 | 24 | 94.7% |
| Roscoe Village | 138 | 10 | 96.6% |
| Sauganash | 77 | 29 | 93.9% |
| South Lawndale / Little Village | 22 | 33 | 108.5% |
| South Loop | 439 | 22 | 98.3% |
| South Shore | 118 | 36 | 92.6% |
| Streeterville | 258 | 39 | 95.0% |
| The Loop | 311 | 29 | 96.5% |
| Tri-Taylor | 21 | 44 | 98.1% |
| Ukrainian Village | 43 | 16 | 97.6% |
| Uptown | 302 | 28 | 94.8% |
| West Loop | 191 | 10 | 99.6% |
| West Town | 588 | 13 | 97.7% |
| Wicker Park | 183 | 9 | 98.0% |
| Wrigleyville / Lakeview | 780 | 23 | 96.4% |
| Chicago | 3,694 | 26 | 95.8% |
NOTE: Not all neighborhoods are listed, but totals for Chicago encompass entire city. Data is based on listing information and might not reflect all real estate activity in the market. Neighborhood data is measured over the three months ended Oct. 31. Inventory measures listings active as of Oct. 31.
For more information, contact Redfin journalist services
Phone: 206-588-6863
Email: press@redfin.com
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