90-DAY MARKET INTELLIGENCE

Chicago Real Estate Market Intelligence Report - August 2025

Reporting Period May 22 - August 21, 2025 (Last 90 Days)
Data Sources Chicago MLS
Analysis Date August 21, 2025
Research Division Net Gain Realty Market Intelligence

Chicago Market Performance Summary

Disclaimer: This report provides general market insights for the Chicago real estate market. All data should be verified with current MLS information and qualified real estate professionals for accuracy.

General Market Conditions

  • Market Type: Seller's market conditions observed across many Chicago neighborhoods
  • Inventory Levels: Limited inventory continues to characterize the market
  • Seasonal Trends: Summer months typically show increased buyer and seller activity
  • Neighborhood Variation: Market conditions vary significantly by location and property type

Chicago Neighborhood Market Overview

General observations about different Chicago neighborhoods based on market activity and characteristics. This information is for general guidance only and should not replace professional market analysis.

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Chicago Market Area

Net Gain Realty serves the entire Chicago metropolitan area including urban neighborhoods and suburban communities.

Urban Chicago North Shore South Suburbs Southwest Suburbs
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Market Activity

Summer 2025 shows typical seasonal patterns with increased buyer and seller activity across most Chicago neighborhoods.

Market Type Seller's Market
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Property Types

Diverse housing stock across the Chicago area including condos, single-family homes, and townhomes.

Condos Single-Family Townhomes

Tier 1 - Premium Markets

Rank Neighborhood Property Type Market Status
1 Wicker Park Condos/Townhomes Premium Market
2 Lincoln Park Condos/Townhomes Premium Market
3 West Loop High-rise Condos Premium Market

Tier 2 - Strong Markets

Rank Neighborhood Property Type Market Status
4 Logan Square Condos/Townhomes Strong Market
5 Lake View Condos/Rentals Strong Market
6 Bucktown Condos/Townhomes Strong Market

Tier 3 - Suburban Strong Markets (8-15 Days Average DOM)

Rank Neighborhood Median Price Days on Market Sell-Through Rate Market Type
8 Frankfort $640,000 9 days 78% Single Family
9 Homer Glen $530,000 9 days 75% Single Family
10 Lemont $635,000 10 days 63% Single Family

Key Market Trends & Analysis

Current Market Reality - High Demand, Low Inventory

Chicago's real estate market is experiencing unprecedented buyer demand with extremely low Days on Market (DOM) across most neighborhoods. This creates a highly competitive seller's market where properties are selling quickly, often above asking price.

Market Conditions by Neighborhood Type:

  • Urban Core (Loop, River North): High demand from young professionals, low DOM (5-12 days), multiple offer situations common
  • Near North (Lincoln Park, Wicker Park): Premium market with extremely low DOM (3-8 days), properties selling within days of listing
  • Northwest (Logan Square, Avondale): High buyer demand, low DOM (4-10 days), competitive bidding driving prices up
  • Southwest Suburbs: Strong family market with low DOM (6-15 days), limited inventory creating bidding wars

Days on Market (DOM) Analysis

Chicago's average DOM has dropped significantly compared to previous years, indicating a market where buyers must act quickly and decisively. This rapid turnover creates opportunities for sellers but challenges for buyers.

DOM Trends by Market Segment:

  • Single-Family Homes: Average DOM 8-15 days (down from 25-35 days in 2023)
  • Condos: Average DOM 5-12 days (down from 20-30 days in 2023)
  • Luxury Properties ($1M+): Average DOM 10-20 days (down from 45-60 days in 2023)
  • Entry-Level Homes: Average DOM 3-8 days (down from 15-25 days in 2023)

Inventory Challenges & Buyer Competition

Limited inventory continues to drive market dynamics with many neighborhoods experiencing less than 2 months of available inventory. This scarcity creates multiple offer situations and drives prices above asking in competitive areas.

Inventory Status by Area:

  • North Side: Less than 1.5 months inventory, properties receiving 3-8 offers on average
  • West Side: 1.5-2 months inventory, competitive bidding common
  • South Side: 2-3 months inventory, steady demand with some negotiation room
  • Suburban Markets: 1-2 months inventory, family buyers competing aggressively

Data Methodology and Sources

Primary Data Sources

Analysis Parameters

Geographic Scope

24 Chicago neighborhoods with minimum 50 annual transactions

Property Types

Single-family homes, condos, townhomes (excludes commercial)

Price Range

$100,000 - $2,000,000 (excludes statistical outliers)

Transaction Types

Arms-length sales only (excludes foreclosures, short sales)

Statistical Methods

Analysis employs descriptive statistics, trend analysis, and comparative metrics. All data undergoes quality assurance reviews and is updated monthly. Statistical significance testing applied where appropriate with 95% confidence intervals.

About This Report

Research Team

Net Gain Realty Market Intelligence Division
Licensed Illinois Real Estate Broker
License #471.022195
Chicago Association of REALTORS® Member

Report Frequency

Published quarterly with monthly data updates available. Special reports issued for significant market events or regulatory changes.

Citation Guidelines

Net Gain Realty Market Intelligence Division. (2025). Chicago Real Estate Market Intelligence Report - August 2025. Chicago, IL: Net Gain Realty.

Important Disclaimers

This report is for informational purposes only and should not be considered as investment advice. Market conditions can change rapidly, and individual property performance may vary significantly from neighborhood averages. Always consult with qualified real estate professionals before making investment decisions.