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Chicago Metro

Chicago Metro Market Report

Top 10 ZIPs by size — 7.32% mortgage rate — Updated 10/28/2026

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Listings Flow Ladder — Chicago

Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Sep 30, 2026

the basin is fillingnet 1,089 listings/mo
balanced 4–6 mo2.8 mo
Faucet — new listings
8,233/mo
75% of normal (11,025) · trickle
Basin — active listings
19,989
56% of normal (35,658) · low
Months of supply
2.8 mo
derived — not published at this grain
Drain — closed sales
7,143/mo
76% of normal (9,459)
Net — faucet minus drain
+1,089/mo
filling
Reading
current
as of 2026-09-30
Compare against:
2015-01-01 to 2019-12-31 · 5 same-month points

How plugged is the drain? Two definitions, both ours, deliberately not reconciled.

  • 0%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
  • 24%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month

Closed sales over 24 months — two different numbers, deliberately not merged.

  • 816/mofall in the monthly rate (10%)— peak 7,959/mo (2026-07-31) to 7,143/mo now
  • 44,959transactions that did not happen— summed monthly shortfall vs the same-month normal, over 24 months below it (vs 2015-19 (COVID excluded))
  • rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.
2026-09-30

Redfin market data (county + ZIP), via Lotvox. As of 2026-09-30. Normal = same-month median of monthly rates, minimum 3 same-month points. Source window 3 months (flows shown per month). Aggregated over a fixed panel of 242 zips — the panel is fixed so a change in who reports cannot look like a change in the market. months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month.

Verified county coverage:Cook County, IL

Tracked ZIPs
10
Avg Score
71
Avg Median
$238,206
Market
Buyer's
Avg Composite
71/100
Avg Median Price
$238,206
Avg Rent
$1,632/mo
Avg Burden
24.2%of income

New Listings Trend

Monthly new for-sale listings · Redfin + Realtor.com · Chicago, IL

as of Sep 1, 2026
↑ 18.0% YoY
Long-run avgAug 24Nov 24Feb 25May 25Aug 25Nov 25Feb 26May 26Aug 2609k17k26k34k

Buyer Leverage — Should I Buy in Chicago?

41
Avg Buyer Score
256 ZIPs analyzed
Strong Buyer
0
Moderate
13
Balanced
131
Seller Favored
110
Strong Seller
2
Best for Buyers
60029Golf78
60521Hinsdale70
60022Glencoe69
60523Oak Brook68
60043Kenilworth67
Most Competitive
60194Schaumburg10
60195Schaumburg12
60462Orland Park22
60021Fox River Grove22

BALANCED — Chicago roughly fair, negotiate on a per-ZIP basis

60617
Chicago, Cook
78
Median Price
$180,176
YoY
+4.3%
Payment Burden
23.2%
Buy vs Rent
Buy
Days on Market
72
Supply
4 mo
Rent
$1,497
Val. Gap
-29%
60628
Chicago, Cook
72
Median Price
$147,955
YoY
+1.2%
Payment Burden
19.6%
Buy vs Rent
Buy
Days on Market
81
Supply
4.8 mo
Rent
$1,725
Val. Gap
-25.6%
60629
Chicago, Cook
66
Median Price
$273,942
YoY
+3.1%
Payment Burden
30.7%
Buy vs Rent
Neutral
Days on Market
60
Supply
3.4 mo
Rent
$1,404
Val. Gap
-23.3%
60411
Chicago Heights, Cook
73
Median Price
$179,771
YoY
+3.2%
Payment Burden
20.9%
Buy vs Rent
Buy
Days on Market
69
Supply
5.4 mo
Rent
$1,694
Val. Gap
-34.8%
60620
Chicago, Cook
68
Median Price
$182,454
YoY
+1.7%
Payment Burden
24.7%
Buy vs Rent
Buy
Days on Market
68
Supply
4.1 mo
Rent
$1,305
Val. Gap
-28.7%
60634
Chicago, Cook
61
Median Price
$379,235
YoY
+6.6%
Payment Burden
29.4%
Buy vs Rent
Neutral
Days on Market
51
Supply
2.5 mo
Rent
$1,951
Val. Gap
-15.6%
60643
Chicago, Cook
78
Median Price
$237,116
YoY
+4.1%
Payment Burden
18.8%
Buy vs Rent
Buy
Days on Market
59
Supply
4 mo
Rent
$2,118
Val. Gap
-24.1%
60638
Chicago, Cook
72
Median Price
$327,129
YoY
+6.4%
Payment Burden
24.2%
Buy vs Rent
Neutral
Days on Market
52
Supply
2.7 mo
Rent
$1,577
Val. Gap
-17.5%
60619
Chicago, Cook
67
Median Price
$175,199
YoY
+0.9%
Payment Burden
26.6%
Buy vs Rent
Buy
Days on Market
79
Supply
4.8 mo
Rent
$1,335
Val. Gap
-20.1%
60453
Oak Lawn, Cook
74
Median Price
$299,085
YoY
+6.1%
Payment Burden
23.9%
Buy vs Rent
Buy
Days on Market
52
Supply
3.2 mo
Rent
$1,717
Val. Gap
-13.1%

Median price and 12-month change: Zillow Home Value Index (ZHVI); where a ZIP has no ZHVI value, the county assessor average. Days on market: Redfin Data Center, rolling 90 days; months of supply: Redfin Data Center. Rent: Zillow Observed Rent Index (ZORI); where a ZIP has no ZORI value, the Census ACS county rent.

Every ZIP market page in Chicago Metro (173)

Cook County, IL