This is fueling robust demand in transit-friendly neighborhoods like the West Loop, Lincoln Park, and Lakeview, where turnkey properties are often going under contract in days.
This urban confidence has supported a mature and balanced suburban market as well. In the surrounding suburbs, Q3 performance reflected a healthy appreciation, with median sale prices rising consistently between 4.0% and 6.5%, depending on the school district. Generally, the market is seeing a more strategic suburban buyer, often moving from the city to capitalize on equity while seeking top-tier community amenities. This has led to a slight cooling in the pace of transactions—without a drop in price—which has given buyers a crucial advantage: more time for due diligence, particularly in areas like DuPage and
Lake Counties.
Overall, home values across the entire metropolitan area continued their upward trajectory, appreciating within a tighter, more moderate range than in the first half of the year. This stability contrasts sharply with the volatility seen in other regions. The five-county area has settled into a competitive rhythm where strategic pricing and excellent staging are paramount, with well-priced homes averaging 12 to 18 days to contract. The commitment from serious buyers remains high, and clean, well-structured offers are winning the day.
As we work through the final quarter of 2025 and into the new year, the Chicagoland real estate market is poised for continued stability. These balanced conditions reward strategic action and offer a strong footing for both those looking to capitalize on built-up equity and those searching for their next home.
If you’re considering selling a home or buying a home in the coming months, now is an excellent time to reach out. I am here to provide hyper-local insight, data-driven strategies, and deep market knowledge to help you succeed in the Chicagoland market.
What are you waiting for? Call now!
View quarterly Chicago real estate market reports from Compass
Chicago Real Estate Market Report
I am pleased to share the Q3 2025 Market Report for the Chicagoland area below.
The third quarter truly showcased our market’s unique position, distinguishing itself from national trends.
While many “high-growth/boom” markets across the country are experiencing price corrections or stagnation, the stalwart Chicagoland market demonstrated profound resilience. We saw steady, sustainable price appreciation that persisted despite the elevated interest rate environment and typical seasonal moderation. As the post-pandemic correction frenzy has fully subsided, buyer demand has remained robust, leading to a more stable, predictable transaction landscape—a hallmark of the Chicago market.
This strength was exceptionally clear in the City of Chicago, where detached single-family homes experienced an impressive 8.5% year-over-year increase in median sales price. The attached market (condos and townhomes) was just as strong, seeing a significant 7.9% rise in median price. This is a key Chicagoland differentiator. Unlike tech-centric coastal cities still grappling with remote work, Chicago’s diversified economy—rooted in finance, law, and medicine—has fostered a strong “return-to-office” culture.