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

Housing Data

45,200

Jobs Created
1%

$70,407

Median Household Income
2.9%

18,321

Total Housing Permits
-10.6%

400

Total Number of Projects
-7%

$356,102

SFD New Home List Price
-5.4%

1,017

New Home Sales
-11.6%
Monthly

Market Health

Chicago's population is 9.5M, with a total workforce of 4.7M. The labor market grew by 45,200 jobs over the past year, up by 1.0%. The median household income in Chicago is $70,407, 2.9% higher than last year and 14.7% 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 400 active new home projects on the market, 7.0% fewer than the 430 from last year. The average list price in the market is $356,102, 5.4% lower than last year and 15.0% above the national average. Over the last three months, new home contracts decreased by 11.6% to 1,017. Chicago and Naperville 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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