Statistics About The Average Home Price Chicago

In this post, we explore the diverse landscape of Chicago’s housing market through key statistics on home prices across various neighborhoods. From the upscale luxury of Lincoln Park to the more affordable options in Uptown and the South Side, we break down the median and average prices to provide a comprehensive overview of the city’s real estate trends.

Statistic 1

"Homes currently listed in Chicago have a median price of $315,000."

Statistic 2

"In 2020, the average Chicago home sale price increased by 11% compared with 2019."

Statistic 3

"Downtown Chicago’s median sale price was $390,000 in 2020."

Statistic 4

"The average selling price of two flat homes in Chicago is around $480,282."

Statistic 5

"Lincoln Park, one of Chicago’s luxury neighborhoods, saw an average home price of $1.45 million."

Statistic 6

"Uptown has a median sales price of $255,000, which is lower than the citywide average."

Statistic 7

"The median home price on the South Side of Chicago is $135,000."

Statistic 8

"The West Side of Chicago has a slightly higher median home price of $225,000."

Statistic 9

"Home prices in Chicago's Near South Side have a median listing price of $365,000."

Statistic 10

"The Hyde Park neighborhood in Chicago has a median home price of $350,000."

Statistic 11

"The average home price in the Wicker Park neighborhood is $480,000."

Statistic 12

"The median home price in Chicago's Bridgeport neighborhood is $329,500."

Statistic 13

"Single-family homes in Rogers Park, Chicago have a median listing price of $210,000."

Statistic 14

"The average home price in the Albany Park neighborhood is $370,000."

In summary, the housing market in Chicago shows a wide range of prices across different neighborhoods, with downtown and luxury areas commanding significantly higher prices compared to the citywide averages. The median home price in Chicago is $315,000, with notable variances such as Lincoln Park at $1.45 million and the South Side at $135,000. The data also reveals specific neighborhood statistics, indicating varying median prices in areas such as Hyde Park at $350,000 and Wicker Park at $480,000. These numbers reflect the diverse real estate landscape in Chicago, catering to a wide spectrum of homebuyers with varied budgets and preferences.