Chicagoland sellers that are actually able to sell and have a new place to live (out of state?) are cashing in on our record market. Meanwhile buyers are facing lack of options, interest rates towards 7%, huge property tax hikes and record home prices. HERE’S A LOOK AT WHAT’S UP IN AUGUST 2026. Inventory goes…
In the hunt for a Chicago home, or know someone that is? This week, the Chicago Department of Housing announced the HomeGrown Purchase Assistance Program, which will provide grants up to $70,000 to cover down payments and closing costs. Key differences from past programs is amount offered is way higher than ever before, you can…
Key Takeaways for March 2026For second month in a row, Chicago home market explodes at growth exceeding five times the rest of the nation. Home prices beat USA prices in both city and suburbsThe median price of homes sold in March in the city was up 7.7% from March 2025, according to the Chicago Association…
Here are the biggest takeaways from the latest data on the local housing market. Home Prices Flatten In CityThe median price of homes sold in Chicago in January was $345,000, according to the Chicago Association of Realtors. That’s down 0.9% from a year earlier.This is a BIG shift from near-constant price hikes, when prices grew…
Chicago’s home prices are rising faster than those in any major U.S. metro area, according to the Case-Shiller Indices. In November, Chicago-area home values were up 5.7%, the index says. That is #1 out of 20 major metropolitan areas. In nine of the 19 other cities, prices were down in November, and in another five…