10/27/2026
In September, the City of Chicago sold 1,746 properties, down 6.4% from last year. Despite fewer transactions, the median sales price rose 8.9% YOY. Homes are selling faster, averaging just 46 days on the market, a notable 17.9% decline in time to contract.
Inventory continues to tighten, with available homes down 19.4% and the month's supply dropping to 2.1. Nationally, pending home sales have reached their lowest level since 2001, influenced by higher mortgage rates.
Chicago's market remains competitive, with rising prices and limited inventory shaping the landscape for buyers and sellers.