Chicago Metro Housing Market Report
Report period: August 2026
Chicago Metro Housing Market Report – August 2026
Chicago Metro · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$414,341
+0.6%
Median DOM (Sales)
10
−12.0%
New Listings (Sales)
6,414
−41.1%
Median Rent
$2,159
+0.5%
Median DOM (Rental)
28
+1.3%
Total Rental Listings
32,973
−2.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (9 DOM)
- Fastest renting: Townhouse (22 DOM)
- Strongest bedroom: 7 Beds ($1,159,601 median)
Sales Market Overview
Median Price
$421,592
+0.6%
Median DOM
10
−12.0%
New Listings
6,414
−41.1%
Inventory
24,797
−0.8%
- Average Price: $489,430
- Median Price: $421,592
- Price Range: $105,186 – $2,178,510
- Price per Sq Ft (Avg/Median): $257 / $247
- Square Footage (Avg/Median): 1,889 / 1,650
- Square Footage Range: 756 – 5,860
- Days on Market (Avg/Median): 32 / 10
- Days on Market Range: 1 – 264
- New Listings: 6,414
- Total Listings: 24,797
Sales by Property Type
Condo
Avg/Median Price$293,744 / $260,547Range$160,303 – $752,133Price per Sq Ft$231 / $223Sq Ft1,221 / 1,143DOM30 / 12New1,824Total6,845
Land
Avg/Median Price$536,735 / $333,847Range$236,721 – $1,394,012Price per Sq Ft—Sq Ft—DOM107 / 85New390Total2,053
Single Family
Avg/Median Price$654,510 / $553,916Range$262,208 – $1,700,121Price per Sq Ft$267 / $259Sq Ft2,326 / 2,073DOM28 / 9New3,162Total11,880
Townhouse
Avg/Median Price$462,727 / $427,688Range$316,960 – $715,368Price per Sq Ft$247 / $241Sq Ft1,797 / 1,701DOM24 / 12New670Total2,385
Multi-Family
Avg/Median Price$621,422 / $586,242Range$431,718 – $943,393Price per Sq Ft$244 / $229Sq Ft2,629 / 2,500DOM36 / 20New344Total1,525
Manufactured
Avg/Median Price$62,805 / $59,659Range$38,759 – $87,412Price per Sq Ft$52 / $58Sq Ft1,629 / 1,583DOM54 / 41New24Total109
Sales by Bedroom Count
1 Beds
Avg:$196,845Median:$187,748Range:$153,162 – $277,440PSF:$236 / $230Sq Ft:851 / 817DOM:30 / 17New:426Total:1,628
2 Beds
Avg:$309,774Median:$290,080Range:$171,518 – $599,655PSF:$246 / $236Sq Ft:1,277 / 1,204DOM:28 / 10New:1,460Total:5,619
3 Beds
Avg:$492,477Median:$463,648Range:$256,411 – $1,001,714PSF:$273 / $263Sq Ft:1,790 / 1,669DOM:26 / 9New:2,129Total:8,136
4 Beds
Avg:$686,556Median:$615,764Range:$365,615 – $1,324,799PSF:$263 / $253Sq Ft:2,501 / 2,339DOM:30 / 11New:1,299Total:4,595
5 Beds
Avg:$868,666Median:$760,317Range:$533,940 – $1,477,021PSF:$253 / $240Sq Ft:3,340 / 3,067DOM:31 / 15New:413Total:1,505
6 Beds
Avg:$1,066,500Median:$969,369Range:$775,906 – $1,499,967PSF:$273 / $257Sq Ft:4,202 / 3,849DOM:33 / 20New:148Total:614
7 Beds
Avg:$1,262,855Median:$1,159,601Range:$1,032,189 – $1,557,312PSF:$296 / $286Sq Ft:5,034 / 4,803DOM:38 / 25New:58Total:229
Studio
Avg:$250,974Median:$234,044Range:$220,283 – $291,726PSF:$286 / $273Sq Ft:714 / 613DOM:51 / 38New:39Total:188
8 Beds
Avg:$734,086Median:$680,238Range:$599,674 – $920,965PSF:$270 / $241Sq Ft:3,260 / 2,930DOM:46 / 31New:52Total:230
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $196,845 | $187,748 | $153,162 – $277,440 | $236 / $230 | 851 / 817 | 30 / 17 | 426 | 1,628 |
| 2 Beds | $309,774 | $290,080 | $171,518 – $599,655 | $246 / $236 | 1,277 / 1,204 | 28 / 10 | 1,460 | 5,619 |
| 3 Beds | $492,477 | $463,648 | $256,411 – $1,001,714 | $273 / $263 | 1,790 / 1,669 | 26 / 9 | 2,129 | 8,136 |
| 4 Beds | $686,556 | $615,764 | $365,615 – $1,324,799 | $263 / $253 | 2,501 / 2,339 | 30 / 11 | 1,299 | 4,595 |
| 5 Beds | $868,666 | $760,317 | $533,940 – $1,477,021 | $253 / $240 | 3,340 / 3,067 | 31 / 15 | 413 | 1,505 |
| 6 Beds | $1,066,500 | $969,369 | $775,906 – $1,499,967 | $273 / $257 | 4,202 / 3,849 | 33 / 20 | 148 | 614 |
| 7 Beds | $1,262,855 | $1,159,601 | $1,032,189 – $1,557,312 | $296 / $286 | 5,034 / 4,803 | 38 / 25 | 58 | 229 |
| Studio | $250,974 | $234,044 | $220,283 – $291,726 | $286 / $273 | 714 / 613 | 51 / 38 | 39 | 188 |
| 8 Beds | $734,086 | $680,238 | $599,674 – $920,965 | $270 / $241 | 3,260 / 2,930 | 46 / 31 | 52 | 230 |
Rental Market Overview
Median Rent
$2,165
+0.5%
Median DOM
28
+1.3%
New Listings
5,039
Inventory
32,975
−2.4%
- Average Rent: $2,354
- Median Rent: $2,165
- Rent Range: $1,296 – $5,471
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,162 / 1,038
- Square Footage Range: 564 – 3,550
- Days on Market (Avg/Median): 48 / 28
- Days on Market Range: 5 – 251
- New Listings: 5,039
- Total Listings: 32,975
Rentals by Property Type
Apartment
$1,877
Median DOM: 41
Inventory: 24,995
MoM: +0.5%
Condo
$2,017
Median DOM: 24
Inventory: 3,557
MoM: +0.5%
Single Family
$2,617
Median DOM: 23
Inventory: 3,521
MoM: +0.5%
Townhouse
$2,968
Median DOM: 22
Inventory: 701
MoM: +0.5%
Apartment
Avg/Median Rent$2,015 / $1,877Range$1,283 – $3,868Rent per Sq Ft$2 / $2Sq Ft934 / 857DOM64 / 41New3,871Total24,995
Condo
Avg/Median Rent$2,124 / $2,017Range$1,538 – $3,192Rent per Sq Ft$2 / $2Sq Ft1,154 / 1,030DOM39 / 24New418Total3,557
Single Family
Avg/Median Rent$2,837 / $2,617Range$1,699 – $5,048Rent per Sq Ft$2 / $2Sq Ft1,475 / 1,317DOM38 / 23New584Total3,521
Townhouse
Avg/Median Rent$3,064 / $2,968Range$2,556 – $3,575Rent per Sq Ft$2 / $2Sq Ft1,622 / 1,559DOM32 / 22New144Total701
Multi-Family
Avg/Median Rent$2,554 / $2,454Range$2,283 – $2,946Rent per Sq Ft$2 / $2Sq Ft1,376 / 1,293DOM39 / 30New22Total200
Manufactured
Avg/Median Rent$1,799 / $1,799Range$1,799 – $1,799Rent per Sq Ft$1 / $1Sq Ft1,512 / 1,512DOM105 / 105New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,614Median:$1,535Range:$1,301 – $2,138PSF:$3 / $3Sq Ft:551 / 505DOM:67 / 49New:401Total:5,148
1 Beds
Avg:$1,751Median:$1,709Range:$1,313 – $2,559PSF:$2 / $2Sq Ft:752 / 722DOM:58 / 37New:1,848Total:11,382
2 Beds
Avg:$2,218Median:$2,141Range:$1,579 – $3,372PSF:$2 / $2Sq Ft:1,076 / 1,019DOM:48 / 28New:2,062Total:10,809
3 Beds
Avg:$3,061Median:$2,924Range:$2,125 – $4,735PSF:$2 / $2Sq Ft:1,508 / 1,394DOM:43 / 25New:588Total:4,495
5 Beds
Avg:$4,599Median:$4,374Range:$4,271 – $5,004PSF:$2 / $2Sq Ft:2,611 / 2,466DOM:53 / 47New:14Total:146
4 Beds
Avg:$3,700Median:$3,492Range:$3,003 – $4,684PSF:$2 / $2Sq Ft:2,033 / 1,885DOM:42 / 27New:123Total:962
6 Beds
Avg:$5,729Median:$5,721Range:$5,688 – $5,774PSF:$2 / $2Sq Ft:2,997 / 2,991DOM:63 / 64New:3Total:24
7 Beds
Avg:$3,630Median:$3,460Range:$3,460 – $3,800PSF:$2 / $2Sq Ft:2,508 / 2,508DOM:81 / 81New:0Total:6
8 Beds
Avg:$9,000Median:$8,500Range:$8,500 – $9,500PSF:$3 / $3Sq Ft:3,000 / 3,000DOM:96 / 96New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,614 | $1,535 | $1,301 – $2,138 | $3 / $3 | 551 / 505 | 67 / 49 | 401 | 5,148 |
| 1 Beds | $1,751 | $1,709 | $1,313 – $2,559 | $2 / $2 | 752 / 722 | 58 / 37 | 1,848 | 11,382 |
| 2 Beds | $2,218 | $2,141 | $1,579 – $3,372 | $2 / $2 | 1,076 / 1,019 | 48 / 28 | 2,062 | 10,809 |
| 3 Beds | $3,061 | $2,924 | $2,125 – $4,735 | $2 / $2 | 1,508 / 1,394 | 43 / 25 | 588 | 4,495 |
| 5 Beds | $4,599 | $4,374 | $4,271 – $5,004 | $2 / $2 | 2,611 / 2,466 | 53 / 47 | 14 | 146 |
| 4 Beds | $3,700 | $3,492 | $3,003 – $4,684 | $2 / $2 | 2,033 / 1,885 | 42 / 27 | 123 | 962 |
| 6 Beds | $5,729 | $5,721 | $5,688 – $5,774 | $2 / $2 | 2,997 / 2,991 | 63 / 64 | 3 | 24 |
| 7 Beds | $3,630 | $3,460 | $3,460 – $3,800 | $2 / $2 | 2,508 / 2,508 | 81 / 81 | 0 | 6 |
| 8 Beds | $9,000 | $8,500 | $8,500 – $9,500 | $3 / $3 | 3,000 / 3,000 | 96 / 96 | 0 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$404,078Median DOM:23New:7,510Total:21,896
Apr 2026
Median Price:$421,361Median DOM:21New:7,794Total:23,463
May 2026
Median Price:$426,394Median DOM:18New:8,814Total:24,711
Jun 2026
Median Price:$425,554Median DOM:15New:10,365Total:25,044
Jul 2026
Median Price:$411,933Median DOM:11New:10,890Total:24,998
Aug 2026
Median Price:$414,341Median DOM:10New:6,414Total:24,796
6-Month Rental Trend
Mar 2026
Median Rent:$2,111Median DOM:28New:9,834Total:30,597
Apr 2026
Median Rent:$2,116Median DOM:26New:10,517Total:34,388
May 2026
Median Rent:$2,125Median DOM:26New:9,914Total:35,096
Jun 2026
Median Rent:$2,130Median DOM:27New:10,276Total:34,378
Jul 2026
Median Rent:$2,149Median DOM:27New:9,878Total:33,789
Aug 2026
Median Rent:$2,159Median DOM:28New:5,039Total:32,973
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing increased, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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Detailed reports for ZIP codes in Chicago Metro.