Market Report · Updated October 2026
Chicago & Suburbs Real Estate Market Report: September 2026
Closed-sale numbers for the City of Chicago plus 19 neighborhoods and suburbs, straight from the MLS: median prices, year-over-year change, days on market, sold-to-list ratio and inventory. Updated every month by SpaceMatch Inc.
What moved in September
- Chicago prices up, sales down. The citywide median hit $390K, up 8.3% from September 2025, while closed sales fell to 1,656 from 1,812. With 2.1 months of supply, low inventory is still pushing prices up.
- The north side is the tightest market in the region. Lincoln Park had 1.0 month of supply, Lake View 1.1 and West Town 1.2. Lincoln Park homes went under contract in a median of 7 days.
- Bidding is alive in the north suburbs. The median Northbrook sale closed at 102.5% of list price and Highland Park at 102.3%; most other suburbs closed right at 100%.
- Biggest year-over-year gains (30+ sales): Logan Square +39.1% (more single-family homes sold this year), Evanston +20.5%, Arlington Heights +15.0% and Glenview +14.7%.
- Where buyers have room: the Near North Side (River North, Gold Coast, Streeterville) took a median 26 days to sell, closed at 98.8% of list and has 2.8 months of supply. The Near West Side median slipped 6.0%.
If you're buying
Get fully pre-approved before you tour in Lincoln Park, Lake View, West Town or the north suburbs. Good homes there are going in about a week, often at or above asking. Downtown condos and the West Loop are where you can still negotiate on price and credits.
If you're selling
With under 2 months of supply in most of these areas, a well-priced, well-prepared home is selling in one to two weeks. The market still punishes overpricing: on the Near North Side homes sat longer and sold below list. Price off this month's comps, not last spring's.
Neighborhood & suburb numbers
Click any column to sort. Click an area for its full neighborhood guide, listings and schools.
| Area | Median price | YoY | Sales | Single-family | Condo / TH | Days on mkt | Sold-to-list | Months supply |
|---|---|---|---|---|---|---|---|---|
| Near North Side (River North, Gold Coast, Streeterville) | $473K | +9.4% | 175 | $1.96M2 sold | $460K173 sold | 26 | 98.8% | 2.8 Seller's |
| Lincoln Park | $855K | +9.6% | 102 | $2.34M18 sold | $725K84 sold | 7 | 100.5% | 1.0 Seller's |
| Lake View | $558K | -0.3% | 124 | $1.94M13 sold | $532K111 sold | 9 | 100.4% | 1.1 Seller's |
| Logan Square | $835K | +39.1% | 51 | $929K14 sold | $640K37 sold | 9 | 100.0% | 1.3 Seller's |
| West Town (Wicker Park, Bucktown, Ukrainian Village) | $710K | +11.4% | 81 | $821K6 sold | $710K75 sold | 11 | 100.0% | 1.2 Seller's |
| Near West Side (West Loop) | $402K | -6.0% | 58 | $640K2 sold | $402K56 sold | 17 | 100.0% | 2.1 Seller's |
| Hyde Park small sample | $283K | +11.6% | 18 | $1.40M3 sold | $250K15 sold | 78 | 96.8% | 3.7 Balanced |
| Evanston | $503K | +20.5% | 72 | $795K30 sold | $320K42 sold | 11 | 100.0% | 1.5 Seller's |
| Oak Park | $428K | +4.3% | 48 | $710K26 sold | $189K22 sold | 10 | 100.0% | 1.3 Seller's |
| Glenview / Golf | $702K | +14.7% | 54 | $806K36 sold | $386K18 sold | 16 | 100.0% | 1.5 Seller's |
| Northbrook | $722K | +7.4% | 40 | $1.31M22 sold | $462K18 sold | 12 | 102.5% | 1.6 Seller's |
| Highland Park | $655K | +0.8% | 32 | $860K23 sold | $490K9 sold | 7 | 102.3% | 1.2 Seller's |
| Winnetka small sample | $1.80M | -18.2% | 15 | $1.82M14 sold | $875K1 sold | 13 | 100.0% | 0.4 Seller's |
| Hinsdale small sample | $1.63M | +7.5% | 24 | $1.86M20 sold | $792K4 sold | 28 | 98.1% | 1.3 Seller's |
| Oak Brook / Oakbrook Terrace small sample | $933K | +3.6% | 13 | $966K8 sold | $650K5 sold | 34 | 100.0% | 2.4 Seller's |
| Arlington Heights | $480K | +15.0% | 77 | $599K45 sold | $244K32 sold | 9 | 100.0% | 1.2 Seller's |
| Schaumburg | $361K | +4.5% | 83 | $510K30 sold | $283K53 sold | 14 | 100.0% | 1.4 Seller's |
| Hoffman Estates | $420K | +1.2% | 35 | $477K18 sold | $395K17 sold | 13 | 100.0% | 1.4 Seller's |
| Long Grove / Lake Zurich / Kildeer / Hawthorn Woods | $736K | +5.9% | 40 | $755K38 sold | $516K2 sold | 20 | 100.0% | 2.1 Seller's |
What is your home worth in this market?
These are area-wide medians. Your home's value depends on its block, condition and the buyers in the market this month. Get a free valuation from our team based on live comps.
Market report FAQ
Is it a buyer's or seller's market in Chicago right now?
In September 2026 the City of Chicago had about 2.1 months of supply (active listings divided by the average monthly closed sales over the last three months). Under 3 months is generally considered a seller's market, 3–6 balanced, and over 6 a buyer's market. Many north-side neighborhoods and north-shore suburbs were well under 2 months.
What is the median home price in Chicago in September 2026?
The median sold price for single-family homes, condos and townhomes that closed in the City of Chicago in September 2026 was $390K, up 8.3% from September 2025, across 1,656 closed sales.
How often is this report updated?
Every month, after the previous month's closed sales are final in the MLS. Bookmark this page or ask us to send it to you.
Why does my neighborhood's number jump around?
Medians in smaller areas move with the mix of homes that happened to sell that month. When an area has fewer than 30 sales we flag it as a small sample. For pricing a specific home, ask us for a free comparative market analysis.
Methodology. Closed sales of detached single-family homes and attached homes (condos, townhomes) with a closing date of September 1–30, 2026, compared with the same month in 2025; 2–4 unit buildings and land are excluded. "Chicago neighborhoods" are MRED community areas; Near North Side includes River North, Gold Coast and Streeterville, West Town includes Wicker Park, Bucktown and Ukrainian Village, Near West Side includes the West Loop. Days on market = median MLS market time. Sold-to-list = median of sold price ÷ final list price. Months of supply = active listings ÷ average monthly closed sales over the last three months. Areas with fewer than 30 sales are flagged as small samples. Based on information from Midwest Real Estate Data LLC (MRED) as of 2026-10-03. All data is deemed reliable but not guaranteed. SpaceMatch Inc. · 773-985-7153 · team@spacematchinc.com