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

Housing Data

50,500

Jobs Created
1.1%

$70,308

Median Household Income
2.8%

17,623

Total Housing Permits
-2.6%

481

Total Number of Projects
5.3%

$344,595

SFD New Home List Price
-2.5%

0

New Home Sales
7.5%
Monthly

Market Health

Chicago s population is 9.5M, with a total workforce of 4.7M. The labor market grew by 50,500 jobs over the past year, up by 1.1%. The median household income in Chicago is $70,308, 2.8% higher than last year and 11.3% above the national average of $63,179.
In the housing market, total permits issued totaled 17,623 over the last twelve months, down 2.6% year-over-year. Chicago has 481 active new home projects on the market, 5.3% more than the 457 from last year. The average list price in the market is $344,595, 2.5% lower than last year and 15.1% above the national average. Over the last three months, new home contracts increased by 7.5% to 1,236. Chicago and St. John 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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