Winter Views

January 2021 Chicago Market Snapshot

The city of Chicago market snapshot represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of Realtors. 

  • 1,684 properties were sold in Chicago in January 2021. This is a 15.1 % increase from January 2020.
  • The median sales price of all properties sold in Chicago in January was $310,000, an increase of 15.9% over January 2020
  • The average time on the market was 85 days, a 16.7% decrease from January 2020

State of the market

  • The new year started off strong for the housing market, with increased buyer demand and strong market fundamentals. As we can see form the snapshot numbers, buyer demand was up,…

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