Chicago, IL Real Estate & Property Data

Chicago Real Estate Market Trends
Last Updated: April 18, 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 24,067 residential properties have sold over the past year. With a median home price of $319,000 in Chicago and a total of 291 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 556,179
Total Commercial Properties 76,875
Avg. Home Age (Single Family Home) 80 Years
Avg. Square Feet (Single Family Home) 1,388
Total 2024 Residential Sales (year-to-date) 2,484
% of Homes Seriously Underwater (Q2 2024) 2.34%
Total 2023 Residential Sales 23,027
% of Equity Rich Homes (Q2 2024) 30.34%
Effective 2023 Property Tax 1.49%
Total Foreclosure Filings (year-to-date) 528
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Chicago, IL Real Estate Overview

There were 24,067 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 556,179 residential properties in the Chicago.

Median Sales Price i
$319,000
(Feb 2024)
+14.6%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 $320,000
Median Down Payment i
$29,909
(Feb 2024)
+52.4%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 $27,000
Number of Homes Sold i
1,138
(Feb 2024)
-10.8%
year-over-year
y-o-y
  • February '24 Feb '24 1,138
  • January '24 Jan '24 1,346
  • December '23 Dec '23 1,694
  • November '23 Nov '23 1,523
  • October '23 Oct '23 1,873
  • September '23 Sep '23 2,059
  • August '23 Aug '23 2,215
  • July '23 Jul '23 2,014
  • June '23 Jun '23 2,529
  • May '23 May '23 2,306
  • April '23 Apr '23 2,055
  • March '23 Mar '23 2,039
Number of Purchase Loans i
904
(Feb 2024)
-17.6%
year-over-year
y-o-y
  • February '24 Feb '24 904
  • January '24 Jan '24 1,122
  • December '23 Dec '23 1,348
  • November '23 Nov '23 1,173
  • October '23 Oct '23 1,395
  • September '23 Sep '23 1,798
  • August '23 Aug '23 1,940
  • July '23 Jul '23 1,760
  • June '23 Jun '23 2,331
  • May '23 May '23 2,042
  • April '23 Apr '23 1,686
  • March '23 Mar '23 1,748
Number of REFI Loans i
512
(Feb 2024)
+36.2%
year-over-year
y-o-y
  • February '24 Feb '24 512
  • January '24 Jan '24 629
  • December '23 Dec '23 755
  • November '23 Nov '23 560
  • October '23 Oct '23 643
  • September '23 Sep '23 648
  • August '23 Aug '23 662
  • July '23 Jul '23 556
  • June '23 Jun '23 566
  • May '23 May '23 588
  • April '23 Apr '23 481
  • March '23 Mar '23 790
Number of HELOC Loans i
174
(Feb 2024)
+3%
year-over-year
y-o-y
  • February '24 Feb '24 174
  • January '24 Jan '24 218
  • December '23 Dec '23 217
  • November '23 Nov '23 258
  • October '23 Oct '23 276
  • September '23 Sep '23 249
  • August '23 Aug '23 265
  • July '23 Jul '23 226
  • June '23 Jun '23 267
  • May '23 May '23 271
  • April '23 Apr '23 285
  • March '23 Mar '23 277

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 291 Chicago, IL properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 190 Chicago, IL properties and repossessed 68 Chicago, IL properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
291
(Feb 2024)
-27.6%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 529
Foreclosure Starts i
190
(Feb 2024)
-21.2%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 372
Completed Foreclosures (REOs) i
68
(Feb 2024)
+47.8%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 57
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