Average Housing Cost In Chicago The Chicago IL housing market is somewhat competitive scoring 46 out of 100 The average Chicago house price was 350K last month up 9 4 since last year
A family of four estimated monthly costs are 4 676 1 without rent using our estimator A single person estimated monthly costs are 1 287 9 without rent Chicago is 27 0 less expensive than New York without rent see our cost of living index As of February 2025 the average rent in Chicago IL is 1 877 per month This is 21 higher than the national average rent price of 1 556 month making Chicago one of the most expensive cities in the US
Average Housing Cost In Chicago
Average Housing Cost In Chicago
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The average home value in Chicago IL is 294 789 up 2 9 over the past year Learn more about the Chicago housing market and real estate trends The median listing home price in Chicago IL was 339K in January 2025 trending down 2 9 year over year The median listing home price per square foot was 253
Summary The median home sold price in Chicago was 369 009 in January 2025 up 8 1 from last year and the median price per square foot was 263 Median Sold Price By Cities This is the middle price for which all homes in the area were sold compared to surrounding cities How Much is Housing in Chicago IL Aspiring homeowners can expect to pay a median sales price of 291 200 with homeowners spending around 2 249 a month on housing costs including their mortgage Of course it all depends on where you want to buy Buying in downtown Chicago will be much more expensive than in the city s suburbs
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This article dives deep into the average cost of living in Chicago providing detailed insights into housing utilities food transportation and more Housing Costs in Chicago The housing market in Chicago in 2024 has been characterized by increasing home prices despite a decrease in sales volume Generally housing in Chicago is 39 1 more expensive than the national average with rent falling between 1 510 2 857 You can expect to pay 3 8 more for groceries 6 4 less for utilities and 5 4 more for transportation
Chicago Metro Area Median Home Price 347 500 a 7 8 increase year over year City of Chicago Median Home Price 365 000 a 13 increase year over year Illinois State Median Home Price 285 000 a 7 5 increase year over year Housing Supply While sales and prices are going up the housing supply is a different story On average house prices in Cook County increased by 7 8 percent compared to the previous year In the City of Chicago price levels increased by 5 5 percent and in suburban Cook County prices increased by 9 0 percent The map below highlights the pattern of price changes in submarkets between the second quarters of 2023 and 2024
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https://www.redfin.com › city › IL › Chicago › housing-market
The Chicago IL housing market is somewhat competitive scoring 46 out of 100 The average Chicago house price was 350K last month up 9 4 since last year
https://www.numbeo.com › cost-of-living › in › Chicago
A family of four estimated monthly costs are 4 676 1 without rent using our estimator A single person estimated monthly costs are 1 287 9 without rent Chicago is 27 0 less expensive than New York without rent see our cost of living index
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Average Housing Cost In Chicago - The median listing home price in Chicago IL was 339K in January 2025 trending down 2 9 year over year The median listing home price per square foot was 253
