Welcome to this overview of Chicago, a city in Illinois with an interesting real estate market. In this text, we’ll provide you with insights on the city’s housing market, home values, crime rates, and other neighborhood resources. Whether you’re a property investor, realtor, manager, or simply interested in learning more about Chicago’s real estate landscape, read on to discover valuable information and resources.
OVERVIEW
Chicago is a city in Illinois and consists of 78 neighborhoods. There are 8,961 homes for sale, ranging from $185 to $23.5M.
- Median listing home price: $349K
- Median listing home price/Sq ft: $257
- Median sold home price: $315K
REAL ESTATE MARKET IN CHICAGO
Chicago, IL Housing Market
In January 2024, Chicago witnessed a 6.9% increase in home prices compared to the previous year, reaching a median price of $321K. The average days on market decreased to 81 from 90 last year, with 1,272 homes sold, slightly fewer than the 1,287 sold in January last year. Read more.
Chicago Real Estate Market Trends and Forecast for 2024
The Chicago housing market anticipates continued growth in 2024, with rising median prices. Forecasts by Stuart Handler highlight potential sales challenges amid interest rates and inflation. Don’t miss out on the trends of the Chicago housing market.
Chicago Home Values
Check out Zillow’s report about Chicago home values.
INTERESTING STORIES
Historic Old Cook County Hospital Renovation Relies on Exploratory Surgery
Constructed in 1914, Cook County Hospital, a historic Chicago landmark, underwent a $140-million transformation in 2016. Led by the Civic Health Development Group, the project revitalized the site into two Hyatt hotels, medical offices, a museum, and more. Despite challenges, the redevelopment successfully preserved the historic structure, contributing to Chicago’s west side revitalization. Learn more.
NEIGHBORHOOD RESOURCES
Chicago Crime Map
With a crime rate of 37 per 1,000 residents, Chicago faces one of the highest crime rates nationwide. Comparatively, when matched with communities of similar population size, Chicago’s crime rates stand prominently higher. Learn more.
Top Real Estate Agents
Looking for a real estate agent? Here are the 10 Top Real Estate Agents in Chicago by sales transactions.
CHICAGO HELPFUL REAL ESTATE ECONOMIC DEVELOPMENT RESOURCES
Community Development And Urban Renewal Associations
- Metropolitan Planning Council (MPC)
- The Chicago Neighborhood Development Coalition (CNDC)
- The Community Development Financial Institutions (CDFIs)
Community Development Support
Small Business, Leadership, And Community Engagement
Community Support
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Community Outreach
DAWGS philanthropy efforts have touched many lives:
- Helping Veterans realize a brighter, better future
- Giving a homeless family hope and a newly furnished home
- Providing opportunities for inner city teenage girls to live happier and healthier lifestyles
- Rescuing dogs that have been abandoned
- Providing employment opportunities for individuals with developmental disabilities
Learn more here.
