Market Snapshot - City of Chicago October 2021
The city of Chicago market update represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of Realtors.
- 2,446 homes were sold in Chicago in October 2021. This is a 4.8% decrease from October 2020
- The median sales price of all properties sold in Chicago was $312,250, a 0.9% decrease from the same time last year
- On average, listings stayed on the market for 67 days until contract, a 3.1% increase from last year
State of the Market
- Sales remained strong throughout the fall. The numbers were almost on the level of last year, which was good news. Last year's fall season was uncommonly strong due…
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