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

Housing Data

60,800

Jobs Created
1.3%

$70,485

Median Household Income
3%

18,447

Total Housing Permits
-5.9%

428

Total Number of Projects
-2.3%

$375,293

SFD New Home List Price
2.5%

1,097

New Home Sales
-16.1%
Monthly

Market Health

Chicago s population is 9.5M, with a total workforce of 4.7M. The labor market grew by 60,800 jobs over the past year, up by 1.3%. The median household income in Chicago is $70,485, 3.0% higher than last year and 14.8% above the national average of $61,372. In the housing market, total permits issued totaled 18,447 over the last twelve months, down 5.9% year-over-year. Chicago has 428 active new home projects on the market, 2.3% fewer than the 438 from last year. The average list price in the market is $375,293, 2.5% higher than last year and 24.0% above the national average. Over the last three months, new home contracts decreased by 16.1% to 1,097. Chicago and Elgin 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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