Selling a Home in Dunning, Chicago
If you’re considering selling in Dunning, the data below can help you understand current market conditions, what homes are actually selling for, and what the process may cost. This guide uses 90 days of closed MLS sales data — updated regularly — so you’re working with recent numbers, not last year’s trends.
Dunning Market Overview
The Dunning single-family home market has seen 39 closed sales over the past 90 days. Here’s a summary of current conditions:
| Metric | Value |
|---|---|
| Median Sale Price | $370,000 |
| Days to Contract | 7 days |
| Sale-to-List Ratio | 100.4% |
| Homes Sold (90 days) | 39 |
| Active Listings | 30 |
| Months of Supply | 2.3 |
| Price Reductions | 12% of listings |
With 2.3 months of supply, Dunning currently has fewer homes available than buyer demand would suggest. For context, a balanced market is generally considered to be around 6 months of supply. This imbalance tends to favor sellers, though individual results always vary based on property condition, pricing, and timing.
The 100.4% sale-to-list ratio means sellers are, on average, receiving slightly above what they ask for. The 12% price reduction rate is worth noting — it’s not alarmingly high, but it does suggest that roughly one in eight sellers misprices initially and has to adjust. Pricing accuracy matters here.
Price Band Performance
Not all price ranges perform equally. Here’s how different price bands have performed over the past 90 days:
| Price Range | Sold | Avg Days | Sale-to-List | Active |
|---|---|---|---|---|
| $300K-$350K | 7 | 5 days | 103% | 2 |
| $450K-$500K | 6 | 9 days | 102% | 5 |
| $350K-$400K | 10 | 8 days | 100% | 6 |
| $400K-$450K | 4 | 8 days | 99% | 3 |
| $250K-$300K | 5 | 13 days | 99% | 1 |
The $300K-$350K range stands out: 5-day average to contract, 103% of asking price, and only 2 active listings against 7 recent sales. This suggests strong buyer competition at that price point, with homes consistently selling above their list price.
The $450K-$500K band is also performing well — 9 days to contract and 102% of asking — but with 5 active listings against 6 sales, buyers have more options. Sellers in this range still have leverage, but less room for error on pricing.
The $350K-$400K range has the highest volume (10 sales) and is moving in 8 days at full asking price. This is the heart of the Dunning market. With 6 active listings, competition is healthy on both sides.
At the lower end, properties in the $250K-$300K range are taking longer (13 days) and selling at 99% of asking. Only 1 active listing suggests limited inventory, but the slower pace indicates buyers at this price point may be more cautious or financing-constrained.
What this means for your pricing decision: If your home falls in the $300K-$400K range, the data suggests you may have pricing power — especially below $350K. If you’re in the $400K-$500K range, precise pricing is more important because buyers have more active inventory to compare against.
What It Costs to Sell in Dunning
Closing costs are one of the most misunderstood parts of selling a home. Here’s an estimated breakdown for a Dunning home at the current median price of $370,000:
| Cost | Estimated Amount |
|---|---|
| Listing Agent Commission (varies) | $1,995 - $9,250 |
| Buyer Agent Commission (example 2.5%) | $9,250 |
| Chicago Transfer Tax (1.05%) | $3,885 |
| Illinois State Transfer Tax | $370 |
| Cook County Transfer Tax | $185 |
| Title Insurance (approx. 0.4%) | $1,480 |
| Attorney Fees | $750 |
| Misc Closing Costs | $300 |
The listing agent commission is the single largest variable in your closing costs. At 2-3% of the sale price, it could range from roughly $7,400 to $11,100 on a $370K home. Flat-fee alternatives exist that charge a fixed amount — for example, $1,995 — regardless of sale price. The difference in this case would be approximately $7,255.
Commission rates are not set by law and are fully negotiable. Buyer agent compensation is separate and determined as part of the listing agreement.
For a personalized estimate based on your specific sale price, use the closing cost calculator.
Pricing Strategy: What the Data Tells Us
About 12% of Dunning listings reduced their price before selling. Among those that did, the average reduction was 5%, and the median time before the cut was 105 days.
This tells us two things:
- Most Dunning sellers are pricing correctly. The 88% success rate at original list price is solid, though there’s room for improvement compared to the tightest Chicago markets.
- When pricing goes wrong in Dunning, it goes wrong for a long time. A 105-day wait followed by a 5% cut is a significant cost — not just in the reduction itself, but in carrying costs, mortgage payments, and the psychological toll of a listing that isn’t moving.
Overpricing costs more than just the price reduction itself. After 2-3 weeks on market, a listing begins to appear stale to active buyers. Even after a price cut, those buyers may not return. The result is often a final sale price below what a correctly-priced home would have achieved in its first week.
The fastest-selling Dunning properties (top 25%) go under contract in approximately 5 days. These are almost always priced at or slightly below market value — a strategy that generates competitive offers and often results in a final sale price above asking.
Your Listing Options
When you’re ready to sell in Dunning, you generally have three paths:
Traditional full-service agent (2-3% listing commission). You’ll work with an agent who handles pricing, photography, MLS listing, showings, negotiations, and closing. The fee is typically a percentage of the sale price — at $370K, that’s an estimated $7,400 to $11,100.
Flat-fee brokerage ($1,995 or similar fixed fee). Same MLS exposure, professional photography, and full-service support — but the listing fee is a flat dollar amount regardless of sale price. On a $370K home, the estimated savings compared to a 2.5% commission would be approximately $7,255.
For sale by owner (FSBO). You handle everything yourself. No listing commission, but also no MLS access (without a separate flat-fee MLS listing), no professional pricing guidance, and no negotiation support. FSBO homes in competitive markets like Dunning may sell for less than agent-listed homes, though results vary.
Each option has trade-offs. The right choice depends on your experience, timeline, and how much of the process you want to manage yourself.
Net Gain Realty offers the flat-fee option at $1,995 for Dunning sellers. See what’s included in a free seller report.
Commission rates are not set by law, vary by brokerage, and are fully negotiable. Buyer’s agent compensation is separate and determined by the seller. All figures on this page are estimates for illustrative purposes only.
Frequently Asked Questions
What is the median home price in Dunning in 2026?
As of February 2026, the median sale price for single-family homes in Dunning is approximately $370K, based on 39 closed sales over the past 90 days. Prices range widely — the $300K-$350K band is currently the most competitive, with homes selling at 103% of asking price.
How long does it take to sell a home in Dunning?
Dunning homes are currently going under contract in approximately 7 days on average. Well-priced properties in the $300K-$350K range are moving even faster, averaging around 5 days. About 12% of listings have reduced their price before selling.
What does it cost to sell a home in Dunning?
Estimated closing costs for a Dunning home sale at the median price include Chicago transfer tax (approximately $3,885), state and county transfer taxes, title insurance, attorney fees, and listing commission. Total estimated costs depend on your listing fee structure.
Is Dunning a seller’s market in 2026?
Current data suggests favorable seller conditions: 2.3 months of supply, 100.4% sale-to-list ratio, and homes going under contract in an average of 7 days. However, market conditions can change and vary by price range.
What are Dunning transfer taxes?
Dunning is within Chicago city limits, so sellers may pay the Chicago transfer tax of $5.25 per $500 (approximately 1.05%), plus state and county transfer taxes. On a $370K sale, total estimated transfer taxes are approximately $4,440.
Related Resources
- Dunning Seller Report — Detailed price band breakdown, inventory analysis, and market velocity data
- Home Sale Calculator — Estimate your net proceeds with different commission structures
- Chicago Real Estate Commission Rates — How the NAR settlement changed commission negotiation
Ready to sell your Dunning home?
$1,995 flat fee — full service, you keep more.
Same MLS exposure. Same professional photography. Same expert negotiation. The only difference is how much you keep.