This Windy City has Willis Tower, historic Wrigley Field, and delicious pizza. The bustling metropolis contrasts with its more traditional suburban landscape.

Housing Data

57,600

Jobs Created
1.2%

$70,593

Median Household Income
3.2%

18,107

Total Housing Permits
-1.2%

484

Total Number of Projects
10.3%

$353,324

SFD New Home List Price
.7%

0

New Home Sales
-2.6%
Monthly

Market Health

Chicago s population is 9.5M, with a total workforce of 4.7M. The labor market grew by 57,600 jobs over the past year, up by 1.2%. The median household income in Chicago is $70,593, 3.2% higher than last year and 11.7% above the national average of $63,179.
In the housing market, total permits issued totaled 18,107 over the last twelve months, down 1.2% year-over-year. Chicago has 484 active new home projects on the market, 10.3% more than the 439 from last year. The average list price in the market is $353,324, 0.7% higher than last year and 7.6% above the national average. Over the last three months, new home contracts decreased by 2.6% to 1,208. Chicago and Plainfield had the highest concentration of the new home contracts in the Chicago market.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Managing Principal

Tim Sullivan

Managing Principal


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