Chicagoland Market Report
May 2026 · 22 Markets Tracked
22
Chicagoland cities
$200K–$2M+
Active listings
14–45 days
Days on market
Seller's
Low inventory, high demand
Inventory remains tight across most Chicagoland suburbs. Well-priced homes in desirable school districts are receiving multiple offers within days of listing. Sellers are in a strong position heading into the spring market.
Competition is highest in the $400K–$700K range. Buyers who are pre-approved and flexible on closing dates are winning. Access to private listings before they go public can provide a significant advantage in this market.
Interest rates continue to influence buyer affordability, but demand in the western and southwestern suburbs remains strong. New construction is adding inventory in Oswego, Yorkville, and Plainfield.
What This Report Doesn't Show
The Private Market Is Not in This Data
This report reflects publicly listed homes. A significant share of Chicagoland properties are sold privately — before they ever appear on any public site. If you are actively searching, you may be missing a large portion of available inventory.