With Q1 now behind us, I wanted to share some insightful data about the Chicagoland real estate market that can help you make informed decisions — whether you're thinking about buying, selling, or just curious about how the market’s performing.
📊 Detached Home Stats:
Median sales price up 3.2%
Market time holding steady at 50 days
36.1% of homes sold at or above list price
Inventory at 3.1 months — still a strong seller’s market
🏢 Condo & Townhouse Stats:
Sales up 10.4% from Q1 last year
Median price up 9.9%
Market time down to just 44 days
A robust 97.9% sale-to-list price ratio, with nearly 40% of sales closing at or above asking
The reports below break down the market trends and highlights the real-time dynamics that are shaping our local market. If you’d like to know what this means for your home value or future plans, I’d love to connect.