In Mid-Q3, Chicago’s median list price reached $395K, keeping conditions seller-friendly within Illinois as scarce listings continued to shape buyer choices statewide.
Active Chicago listings stood at 15.1K in Mid-Q3, with inventory ↓~6% yearly and homes spending a median 36 days on market there.
Illinois’ bigger theme was supply scarcity: the state had not rebuilt inventory to comfortable levels and remained among the weakest recoveries to pre-pandemic supply.
Illinois also ranked near the bottom nationally for new housing construction per capita, a constraint investors and relocating buyers were urged to respect.
Mortgage costs near 7% pressured affordability in Late-Q3, yet scarce listings kept competition alive, shaping buyer, seller, and investor decisions through late 2026.