10/23/2026
**🏡 Real Estate Market Update: Home Prices Reach a Nine-Week High!**
The latest numbers from Midwest Real Estate Data (MRED) reveal an interesting development in our regional housing market.
The median residential sales price reached $360,000 last week — its highest level in nine weeks!
Here's what stands out:
📊 $360,000 — Median sales price
📈 +7% — Increase from the previous week
📈 +9% — Increase compared with the same period last year
Despite the challenges facing today's housing market, these figures show that prices remain elevated across MRED's marketplace.
Of course, every Chicago neighborhood has its own story. What's happening in Lincoln Square may look quite different from Edgewater, Rogers Park, or Lakeview.
Whether you're considering buying, selling, or simply keeping an eye on your home's value, understanding your local market is more important than ever.
Curious about what's happening in your neighborhood? I'm always happy to share the latest numbers.
Source: MRED Weekly Market Snapshot | October 19, 2026
Patrick O'Brien | Compass
Chicago Real Estate Broker
patrickobrienrealtor.com
(773) 612-2352