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

Housing Data

30,700

Jobs Created
0.7%

$69,196

Median Household Income
4.8%

18,321

Total Housing Permits
-10.6%

405

Total Number of Projects
-3.8%

$375,244

SFD New Home List Price
-4.2%

1,173

New Home Sales
8.2%
Monthly

Market Health

Chicago's population is 9.5M, with a total workforce of 4.7M. The labor market grew by 30,700 jobs over the past year, up by 0.7%. The median household income in Chicago is $69,196, 4.8% higher than last year and 12.7% above the national average of $61,372. In the housing market, total permits issued totaled 18,321 over the last twelve months, down 10.6% year-over-year.

Chicago has 405 active new home projects on the market, 3.8% fewer than the 421 from last year. The average list price in the market is $375,244, 4.2% lower than last year and 17.3% above the national average. Over the last three months, new home contracts increased by 8.2% to 1,173. Chicago and Pingree Grove had the highest concentration of the new home contracts in the Chicago market.

Our Experts

Work with leaders in the industry.

Lloyd Vaughn

Vice President Sales, Central

Lloyd Vaughn

Vice President Sales, Central


Tim Sullivan

Managing Principal

Tim Sullivan

Managing Principal


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