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Chicago Home Prices Dip Amid Sales Decline

2/26/2026

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Story summary
  • In January 2026, Chicago's median home price was $345,000, down 0.9% year over year.
  • The nine-county Chicago metro area posted a 3% year-over-year price increase, driven by sales outside the city.
  • January saw Chicago's home sales fall 21% to the lowest level since 2009.
  • New home sales rose 3.3% in 2025, indicating ongoing demand despite supply constraints.