Chicago, IL Real Estate & Property Data

Chicago Real Estate Market Trends
Last Updated: March 19, 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 24,881 residential properties have sold over the past year. With a median home price of $296,500 in Chicago and a total of 237 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 557,609
Total Commercial Properties 86,507
Avg. Home Age (Single Family Home) 80 Years
Avg. Square Feet (Single Family Home) 1,388
Total 2024 Residential Sales (year-to-date) 1,368
% of Homes Seriously Underwater (Q1 2024) 2.51%
Total 2023 Residential Sales 23,513
% of Equity Rich Homes (Q1 2024) 28.7%
Effective 2023 Property Tax 1.52%
Total Foreclosure Filings (year-to-date) 237
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Chicago, IL Real Estate Overview

There were 24,881 residential properties sold in the past year in Chicago, IL. The median home value in Chicago, IL is $273,651. There are a total of 557,609 residential properties in the Chicago.

Median Sales Price i
$296,500
(Jan 2024)
+6.7%
year-over-year
y-o-y
  • January '24 Jan '24 $296,500
  • December '23 Dec '23 $310,000
  • November '23 Nov '23 $307,000
  • October '23 Oct '23 $310,000
  • September '23 Sep '23 $326,000
  • August '23 Aug '23 $325,000
  • July '23 Jul '23 $325,000
  • June '23 Jun '23 $330,000
  • May '23 May '23 $315,000
  • April '23 Apr '23 $299,000
  • March '23 Mar '23 $320,000
  • February '23 Feb '23 $280,000
Median Down Payment i
$23,937
(Jan 2024)
-6.6%
year-over-year
y-o-y
  • January '24 Jan '24 $23,937
  • December '23 Dec '23 $27,712
  • November '23 Nov '23 $28,725
  • October '23 Oct '23 $33,500
  • September '23 Sep '23 $30,000
  • August '23 Aug '23 $25,150
  • July '23 Jul '23 $29,200
  • June '23 Jun '23 $30,000
  • May '23 May '23 $25,348
  • April '23 Apr '23 $27,000
  • March '23 Mar '23 $27,000
  • February '23 Feb '23 $20,000
Number of Homes Sold i
1,368
(Jan 2024)
-5.6%
year-over-year
y-o-y
  • January '24 Jan '24 1,368
  • December '23 Dec '23 1,708
  • November '23 Nov '23 1,641
  • October '23 Oct '23 1,890
  • September '23 Sep '23 2,079
  • August '23 Aug '23 2,232
  • July '23 Jul '23 2,036
  • June '23 Jun '23 2,556
  • May '23 May '23 2,336
  • April '23 Apr '23 2,251
  • March '23 Mar '23 2,056
  • February '23 Feb '23 1,279
Number of Purchase Loans i
1,154
(Jan 2024)
-12.4%
year-over-year
y-o-y
  • January '24 Jan '24 1,154
  • December '23 Dec '23 1,371
  • November '23 Nov '23 1,274
  • October '23 Oct '23 1,422
  • September '23 Sep '23 1,846
  • August '23 Aug '23 1,976
  • July '23 Jul '23 1,805
  • June '23 Jun '23 2,387
  • May '23 May '23 2,092
  • April '23 Apr '23 1,898
  • March '23 Mar '23 1,813
  • February '23 Feb '23 1,154
Number of REFI Loans i
631
(Jan 2024)
+22.8%
year-over-year
y-o-y
  • January '24 Jan '24 631
  • December '23 Dec '23 764
  • November '23 Nov '23 582
  • October '23 Oct '23 642
  • September '23 Sep '23 647
  • August '23 Aug '23 663
  • July '23 Jul '23 558
  • June '23 Jun '23 563
  • May '23 May '23 584
  • April '23 Apr '23 490
  • March '23 Mar '23 805
  • February '23 Feb '23 375
Number of HELOC Loans i
218
(Jan 2024)
-12.1%
year-over-year
y-o-y
  • January '24 Jan '24 218
  • December '23 Dec '23 217
  • November '23 Nov '23 276
  • October '23 Oct '23 276
  • September '23 Sep '23 251
  • August '23 Aug '23 265
  • July '23 Jul '23 226
  • June '23 Jun '23 267
  • May '23 May '23 272
  • April '23 Apr '23 317
  • March '23 Mar '23 277
  • February '23 Feb '23 169

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 237 Chicago, IL properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 165 Chicago, IL properties and repossessed 50 Chicago, IL properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
237
(Jan 2024)
-49.1%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 529
  • February '23 Feb '23 402
Foreclosure Starts i
165
(Jan 2024)
-45.2%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 372
  • February '23 Feb '23 241
Completed Foreclosures (REOs) i
50
(Jan 2024)
-31.5%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 57
  • February '23 Feb '23 46
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