The pace of single-family home sales was slightly higher year over year in Chicagoland in July, with 3,004 properties changing hands, just 14 more than the 2,990 homes that sold in July 2024, Mainstreet REALTORS® said.
At the same time, prices continued to climb, with the median-sales price rising 3.6% from $407,500 to $422,000. Pending sales, meanwhile, climbed 6.3% from 2,816 detached homes under contract last July to 2,992 last month. Homes took slightly longer to sell, spending an average of 31 days on the market, one day more than a year ago.
The attached home market saw similar patterns. Sales of homes in multi-unit buildings rose 1.7% year-over-year from 1,356 in July 2024 to 1,379 homes last month. Prices jumped 5.7% to $280,000, while pending sales were up slightly at 1,415 homes under contract compared to 1,406 last July. Attached homes took longer to sell, averaging 33 days on the market, up 10 days from last July.
“Home prices haven’t stopped increasing, which has buyers asking where it stops. The honest answer is we don’t know,” Mainstreet President Connie Vavra said. “Our only indicator is history, which tells us from a pricing perspective, buying a home today is better than buying a home next year.”
Year to date shows a similar trajectory
In the first seven months of 2025, the suburban Chicago housing market is showing a similar trend of continued sales growth and steady price gains when compared to the same period in 2024.
From January to July, single-family home sales rose 1%, from 16,420 sold in 2024 to 16,578 sold in 2025. The median sales price for these homes climbed 5.2% to $405,000.
The pace of sales year to date was particularly pronounced in several suburban communities, such as Addison (up 16.7%), Antioch (31.3%), Aurora (14.4%), Batavia (4.9%), Elmhurst (5.8%), Homewood (8.6%), Lombard (8.5%), Long Grove–Lake Zurich–Hawthorn Woods–Kildeer (6.2%), Mundelein (13.3%), Orland Park (10.1%), Oswego (22.5%), St. Charles (12.3%), Streamwood (9.7%), Sycamore (25.7%), West Chicago (30.6%) and Zion (10.9%).