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Chicago Illinois Housing Market Overview

The Chicago real estate market shows significant opportunities for homeowners looking to sell. The median home sale price in Chicago is currently $370,000, which is a 12.1% increase from the previous year. Although prices have increased, Chicago’s prices remain about 14% below the national average, suggesting a favorable environment for buyers. Current market indicators reveal that 32.3% of homes are selling above the list price, indicating strong demand, and the sale-to-list price ratio is an impressive 98.8%. Homes in Chicago typically spend around 62 days on the market, which is reflective of the competitive nature of the housing landscape. Cash buyers play an essential role, accounting for over 30% of transactions, giving sellers a quicker path to closing. The Near North Side, West Town, and Lakeview areas continue to show strong demand, while up-and-coming neighborhoods like Pilsen attract increasing buyer interest.

Why now is a good time to sell your property in Chicago Illinois

We serve throughout Chicago, encompassing popular neighborhoods such as West Town, Pilsen, and Near North Side, as well as surrounding communities like Evanston, Skokie, and Naperville. Our understanding of Chicago’s diverse real estate market spans from Lincoln Park’s single-family homes to Lakeview’s condos and Oak Park’s multi-family properties. We connect sellers with qualified buyers for properties in any condition.

Experience a Better Way to Sell Your Chicago Home

Benefits of Owner Advocate

Benefits of Owner Advocate

Avoid the typical 62-day market wait and save approximately $22,000 in agent commissions on Chicago’s median $370,000 home price. Our extensive network of buyers operates throughout Chicagoland, providing certainty when you need it the most.
The process consists of a quick consultation, a fast evaluation, a cash offer within 72 hours, and flexible closing options. Our approach provides a quicker alternative to traditional sales, which typically take 62 days on the market. No repairs are needed, and there are no hidden fees or commissions involved, which can save you thousands on your average $370,000 home. We handle all details efficiently, whether you’re situated in Lincoln Park, Oak Park, or anywhere in the greater Chicagoland area.
$370,000
Median Sale Price
98.8%
List Price to Sale Price Ratio
62
Median Days on Market
$255
Price Per Square Foot
32.3%
Percent of Sales Over List Price
1,793
Number of Homes Sold (Month)
-14%
National Price Comparison
15%
Cost of Living vs National
(Metrics from Redfin)
How does this data help me?
The Owner Advocate displays market data by showing market changes in locations across the USA
City Map
Chicago Key Takeaways
Median Sale Price:
$370,000
Scottsdale housing market is changing
$370,000
The average home value is $370,000 and goes to pending in around 62 days.
62
Average Days on Market
on average for MLS listed homes
Don't wait!
Now is a great time to sell your home.
Get the best cash offer for your property
Your home has more value than you might expect.

Why now is a good time to sell your property in Chicago Illinois?

Unexpected life changes may necessitate a quick sale of your Chicago home. Traditional sales may not be viable in urgent situations such as job relocation, inherited property management, financial challenges, divorce proceedings, medical expenses, or property tax concerns. With Chicago home values averaging $370,000, quick access to your equity can be crucial during these transitions. Our extensive experience across various neighborhoods supports homeowners in finding swift, practical solutions that meet their urgent needs.

Frequently Asked Questions About Selling Your Chicago Home

Q: How quickly can you close on my Chicago home?

A: We can close in as few as 10 days or follow your timeline up to 60 days. Cash offers come within 72 hours of property viewing.

Q: Do you buy homes in as-is condition?

A: Yes! We connect sellers with buyers who purchase Chicago homes in any condition — no repairs, cleaning, or updates are needed.

Q: Are there any fees or commissions?

A: There are none. We cover standard closing costs with no realtor commissions or hidden fees.

Q: How does your process work?

A: Contact us, receive a cash offer within 72 hours, and close as quickly as 10 days. We serve all areas of Chicagoland.

Q: What types of properties do you buy?

A: Our network purchases all residential properties throughout Chicago and its suburbs — including single-family homes, condos, multi-family buildings, and vacant land in any condition.

Get Top Dollar for your Home

Sell your Chicago home the simple way with Owner Advocate. Get your fair cash offer within 72 hours and close in as few as 10 days — perfect for homeowners seeking a hassle-free sale.
Why Choose Us:
  • No repairs or cleaning required
  • No agent commissions or hidden fees
  • We cover all closing costs
  • Fast closing on your schedule
  • Local knowledge in all Chicago neighborhoods

From Lincoln Park to Oak Park, Evanston to Naperville, our network of buyers is equipped to purchase all types of properties in any condition. Contact us today for your no-obligation cash offer and experience the easiest way to sell your Chicago home.