09/11/2026
The Chicago housing market in one sentence: prices are up, inventory is down, and sales are holding flat. 📊
Here’s what the numbers are actually telling us this month:
🏡 Single-Family Homes (Lakefront Communities)
• Median sales price: $1,625,000
• Only 92 homes for sale — down 42.5% from last year
• Just 1.2 months of supply
• 76 homes closed in August, down 15% year-over-year
🏢 Condos, Co-ops & Townhomes
• Median sales price: $495,000 — up 6.5% in just one year
• 1.8 months of supply — a full seller’s market
• 875 closed in August · 747 currently under contract
📈 Interest Rates
• 30-year fixed averaging 6.71% (Freddie Mac)
🏙️ Chicago Rentals
• 1-bed median: $2,190 · 2-bed median: $2,500
• Chicago ranks #12 most expensive rental market in the U.S.
The bottom line? If you’re thinking about buying or selling in Chicago right now, you need to understand what’s happening in your specific neighborhood — because the numbers tell a very different story block by block.
👉 Watch the full market update on YouTube for the complete breakdown…
https://youtu.be/BZn1zzeHX-E
Questions about what this means for your home or your search? Drop them in the comments or send me a message. I’m always happy to talk through what the market looks like for you specifically.
For Everything Chicago, Ask Anne...
📩 [email protected]
📞 773-620-5333
🌐 annerossley.com
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