Chicago Home Prices Rise as Fewer Homes Hit the Market

In Chicago, active home listings dropped 5.3% year-over-year, contrasting with a 5.4% national increase, making the market more competitive. New listings fell 7.8%, while the median list price rose 4.6% to $389K, despite a national price decline. Only 16.3% of listings had price cuts, below the national 20.8%. Homes sold faster, with a median of 36 days on market versus 61 nationally.