*The City of Chicago Market Snapshot represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of REALTORS®.
- 1,344 properties were sold in the City of Chicago in November 2025. This is an 11.0% decrease from November 2024.
- The median sales price in the City of Chicago for November 2025 was $360,000, which is a 0.6% decrease from November 2024.
- The City of Chicago saw listings average 57 days on the market until contract, which is a 13.6% decrease from November 2024.
- Check out the November 2025 FastStats.
STATE OF THE MARKET
- U.S. sales of existing homes rose 1.2% from the previous month to a seasonally adjusted annual rate of 4.10 million, according to the National Association of REALTORS® (NAR), as buyers took advantage of lower mortgage rates this fall. Sales increased in the Midwest and South, held steady in the Northeast, and edged down in the West. Year-over-year, sales were up 1.7%, with gains in the Northeast, Midwest and South, while the West posted a decline.
- Nationally, inventory dipped 0.7% month-over-month but rose 10.9% year-over-year, totaling 1.52 million units, according to NAR. At the current sales pace, supply stands at 4.4 months, slightly below last month’s level but higher than the 4.1 months recorded a year ago. Supported by modest inventory levels, prices continue to rise, with the national median existing-home price increasing 2.1% year-over-year to $415,200, marking 28 consecutive months of annual gains.
INVENTORY
- The City of Chicago’s inventory is down 23.9%, from 4,942 homes in November 2024 to 3,762 homes in November 2025.
- The month’s supply of inventory decreased 25.9%, from 2.7 in November 2024 to 2.0 in November 2025.
2-4 Unit Data
- 240 properties were sold in November 2025. This is a 20.3% decrease from November 2024.
- The median sales price in October 2025 was $420,000, a 0.9% decrease from November 2024.
- There were 431 new units on the market in November 2025, which is a 1.6% decrease from November 2024.
If you’re interested in exploring all the 2-4 unit data, check out our monthly spreadsheets in the Chicago-MU tab.
