100 E Huron view

Market Snapshot - City of Chicago - February 2021

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. 

  • 1,643 properties were sold in Chicago in February 2021 - a 9.9% increase from February 2020
  • The median sales price of all Chicago sold properties was $320,000, an increase of over 10% from this time last year
  • New listings stayed on the market for an average of 99 days, a 13.2% decrease from February 2020

State Of The Market

  • Interest rates went up slightly in February, but are still lower than at the same time last year. According to Freddie Mac, rates may inch up a bit more in the…

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