Chicago, IL Real Estate & Property Data

Chicago Real Estate Market Trends
Last Updated: May 02, 2024

Accurate and comprehensive real estate data is critical for insight into Chicago, IL. ATTOM’s Chicago real estate data is updated daily, and current market trends show that in Chicago, IL a total of 24,749 residential properties have sold over the past year. With a median home price of $330,000 in Chicago and a total of 520 foreclosures. Get detailed property data for Chicago, IL instantly. ATTOM is your one-stop-shop for the Chicago property reports and real estate data you need in Chicago, IL.

Chicago Real Estate Market Trends
Total Residential Properties 558,900
Total Commercial Properties 76,998
Avg. Home Age (Single Family Home) 80 Years
Avg. Square Feet (Single Family Home) 1,388
Total 2024 Residential Sales (year-to-date) 4,359
% of Homes Seriously Underwater (Q2 2024) 2.33%
Total 2023 Residential Sales 23,110
% of Equity Rich Homes (Q2 2024) 30.19%
Effective 2023 Property Tax 1.49%
Total Foreclosure Filings (year-to-date) 1,048
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Chicago, IL Real Estate Overview

There were 24,749 residential properties sold in the past year in Chicago, IL. The median home value in Chicago, IL is $284,000. There are a total of 558,900 residential properties in the Chicago.

Median Sales Price i
$330,000
(Mar 2024)
+3.1%
year-over-year
y-o-y
  • March '24 Mar '24 $330,000
  • February '24 Feb '24 $319,000
  • January '24 Jan '24 $296,500
  • December '23 Dec '23 $307,500
  • November '23 Nov '23 $305,000
  • October '23 Oct '23 $310,000
  • September '23 Sep '23 $326,250
  • August '23 Aug '23 $325,000
  • July '23 Jul '23 $325,000
  • June '23 Jun '23 $330,000
  • May '23 May '23 $313,000
  • April '23 Apr '23 $298,000
Median Down Payment i
$31,250
(Mar 2024)
+15.7%
year-over-year
y-o-y
  • March '24 Mar '24 $31,250
  • February '24 Feb '24 $29,909
  • January '24 Jan '24 $23,774
  • December '23 Dec '23 $27,937
  • November '23 Nov '23 $29,500
  • October '23 Oct '23 $33,625
  • September '23 Sep '23 $30,000
  • August '23 Aug '23 $25,000
  • July '23 Jul '23 $29,200
  • June '23 Jun '23 $30,000
  • May '23 May '23 $25,000
  • April '23 Apr '23 $26,700
Number of Homes Sold i
1,857
(Mar 2024)
-9%
year-over-year
y-o-y
  • March '24 Mar '24 1,857
  • February '24 Feb '24 1,143
  • January '24 Jan '24 1,359
  • December '23 Dec '23 1,703
  • November '23 Nov '23 1,534
  • October '23 Oct '23 1,885
  • September '23 Sep '23 2,072
  • August '23 Aug '23 2,224
  • July '23 Jul '23 2,022
  • June '23 Jun '23 2,541
  • May '23 May '23 2,313
  • April '23 Apr '23 2,055
Number of Purchase Loans i
1,663
(Mar 2024)
-5.1%
year-over-year
y-o-y
  • March '24 Mar '24 1,663
  • February '24 Feb '24 906
  • January '24 Jan '24 1,135
  • December '23 Dec '23 1,358
  • November '23 Nov '23 1,187
  • October '23 Oct '23 1,411
  • September '23 Sep '23 1,811
  • August '23 Aug '23 1,949
  • July '23 Jul '23 1,766
  • June '23 Jun '23 2,346
  • May '23 May '23 2,053
  • April '23 Apr '23 1,689
Number of REFI Loans i
698
(Mar 2024)
-12%
year-over-year
y-o-y
  • March '24 Mar '24 698
  • February '24 Feb '24 512
  • January '24 Jan '24 629
  • December '23 Dec '23 756
  • November '23 Nov '23 561
  • October '23 Oct '23 644
  • September '23 Sep '23 648
  • August '23 Aug '23 662
  • July '23 Jul '23 556
  • June '23 Jun '23 566
  • May '23 May '23 769
  • April '23 Apr '23 483
Number of HELOC Loans i
285
(Mar 2024)
+2.9%
year-over-year
y-o-y
  • March '24 Mar '24 285
  • February '24 Feb '24 175
  • January '24 Jan '24 218
  • December '23 Dec '23 217
  • November '23 Nov '23 258
  • October '23 Oct '23 277
  • September '23 Sep '23 251
  • August '23 Aug '23 265
  • July '23 Jul '23 227
  • June '23 Jun '23 267
  • May '23 May '23 271
  • April '23 Apr '23 285

Chicago, IL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Chicago, IL Foreclosure Activity

There were a total of 520 Chicago, IL properties with a foreclosure filing in March 2024. Lenders started the foreclosure process on 431 Chicago, IL properties and repossessed 53 Chicago, IL properties through completed foreclosures (REOs) in March 2024.

Total Foreclosure Filings i
520
(Mar 2024)
-1.7%
year-over-year
y-o-y
  • March '24 Mar '24 520
  • February '24 Feb '24 291
  • January '24 Jan '24 237
  • December '23 Dec '23 253
  • November '23 Nov '23 249
  • October '23 Oct '23 266
  • September '23 Sep '23 216
  • August '23 Aug '23 419
  • July '23 Jul '23 432
  • June '23 Jun '23 463
  • May '23 May '23 493
  • April '23 Apr '23 499
Foreclosure Starts i
431
(Mar 2024)
+15.9%
year-over-year
y-o-y
  • March '24 Mar '24 431
  • February '24 Feb '24 190
  • January '24 Jan '24 165
  • December '23 Dec '23 165
  • November '23 Nov '23 151
  • October '23 Oct '23 135
  • September '23 Sep '23 125
  • August '23 Aug '23 244
  • July '23 Jul '23 257
  • June '23 Jun '23 312
  • May '23 May '23 286
  • April '23 Apr '23 313
Completed Foreclosures (REOs) i
53
(Mar 2024)
-7%
year-over-year
y-o-y
  • March '24 Mar '24 53
  • February '24 Feb '24 68
  • January '24 Jan '24 50
  • December '23 Dec '23 58
  • November '23 Nov '23 24
  • October '23 Oct '23 76
  • September '23 Sep '23 82
  • August '23 Aug '23 68
  • July '23 Jul '23 88
  • June '23 Jun '23 82
  • May '23 May '23 65
  • April '23 Apr '23 107
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