{"id":535617,"date":"2026-01-22T22:46:20","date_gmt":"2026-01-22T22:46:20","guid":{"rendered":"https:\/\/www.europesays.com\/us\/535617\/"},"modified":"2026-01-22T22:46:20","modified_gmt":"2026-01-22T22:46:20","slug":"city-of-chicago-home-sales-remain-flat-in-2025-as-prices-rise","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/535617\/","title":{"rendered":"City of Chicago home sales\u00a0remain\u00a0flat in 2025 as prices rise\u00a0"},"content":{"rendered":"

\"\"<\/p>\n

The pace of home sales<\/a> in the city of Chicago\u00a0in 2025\u00a0was\u00a0essentially\u00a0flat\u00a0compared to 2024, while the median sales price rose, Illinois REALTORS\u00ae<\/a>\u00a0said<\/a>.\u00a0<\/p>\n

Specifically, sales dipped 0.1% year over year, from 22,109 to 22,093, while the median price\u00a0climbed\u00a05.6%, from $354,975 to $375,000.\u00a0<\/p>\n

In the broader Chicagoland area, home sales<\/a> rose 0.6%, from 88,560 to 89,091, and the median sales price climbed\u00a04.6%, from $350,000 in 2024 to $366,000 last year.\u00a0<\/p>\n

Statewide, Illinois home sales rose 4.2%, from 131,194 to 136,650, while the median price rose 3.4%, from $290,000 to $300,000.\u00a0<\/p>\n

Chicago home sales pick up in December\u00a0<\/b>\u00a0<\/p>\n

In\u00a0the month of December, sales in the city of Chicago rose 0.4% year over year, from 1,609 to 1,615. The median sales price in December was $350,000, up 2.9% from $340,000 in December 2024.\u00a0Inventory of\u00a0homes for sale plunged 25.5% year over year,\u00a0however,\u00a0from 3,983 to 2,969.\u00a0<\/p>\n

Chicagoland home sales\u00a0were down\u00a0in December, sliding 0.2% year over year, from\u00a06,650 to 6,637 homes, while the median price climbed 4.4%, from $340,000 to $355,000. Inventory fell 11.3%, from 12,178 to 10,801 homes.\u00a0<\/p>\n

Statewide, home sales rose 2%, from 10,041 sales in December 2024 to 1,237 sales last month. The median sales price was up as well,\u00a0climbing 6.3% from $282,111 to $299,900. Inventory fell 8.2% from 20,063 to 18,421.\u00a0<\/p>\n

\u201cDecember reflected a market that remains active, with prices holding firm amid continued supply challenges. Across the year, tight inventory was a defining factor shaping the market,\u201d said Jeff Kolbus, president of Illinois REALTORS\u00ae and\u00a0president\u00a0and owner of RE\/MAX Traders Unlimited in Peoria. \u201cIn 2026, we expect improvement to be steady, with affordability and mortgage rates continuing to influence outcomes.\u201d\u00a0<\/p>\n

First-quarter forecast\u00a0<\/p>\n

Looking ahead<\/a>, DePaul University\u2019s Institute for Housing Studies expects Illinois home sales between January and March to decline 1.8%\u00a0year over year.\u00a0Prices during that period are expected to rise 12% year over year.\u00a0<\/p>\n

\u201cWhile recent declines in mortgage interest rates are widely viewed as positive, continued tight inventories and ongoing affordability challenges are likely to constrain homebuying activity in the near term,\u201d said the institute\u2019s executive director, Geoff Smith.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The pace of home sales in the city of Chicago\u00a0in 2025\u00a0was\u00a0essentially\u00a0flat\u00a0compared to 2024, while the median sales price…\n","protected":false},"author":3,"featured_media":535618,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5124],"tags":[960,59696,59697,236968,13811,42762,5386,1818,236969,236970,70526,17506],"class_list":["post-535617","post","type-post","status-publish","format-standard","has-post-thumbnail","category-chicago","tag-chicago","tag-chicago-real-estate","tag-chicagoland-real-estate","tag-geoff-smith","tag-home-prices","tag-home-sales","tag-il","tag-illinois","tag-illinois-real-estate","tag-illinois-realtors","tag-inventory","tag-sc"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115941185306565225","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/535617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=535617"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/535617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/535618"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=535617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=535617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=535617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}