Andersonville has become one of the most supply-constrained housing markets in Chicago. As of May 2026, the rolling 12-month months supply sits at just 0.4 months, down from nearly 2.0 months as recently as mid-2024. The median market time has compressed to 7 days. The rolling 12-month median sales price of $565,000 reflects a market that has moved dramatically higher over the past three years, even accounting for significant volatility driven by the neighborhood's limited transaction volume. If you are buying or selling a residential property in Andersonville, the data says you are in a fast, competitive, seller-favored market.
$565,000 Median Sales Price Rolling 12-mo. through May 2026 | 0.4 Months Supply May 2026 (balanced = 4-6 mo.) | 7 days Median Market Time May 2026 rolling avg. |
Median Sales Price: Andersonville vs. Chicagoland MLS
Andersonville's rolling 12-month median sales price has traced a volatile but unmistakably upward path. Starting at $494,000 in January 2023, prices climbed with meaningful swings, reaching $792,000 in August 2025 before pulling back to $516,500 in April 2026 and recovering to $565,000 in May 2026. That August 2025 peak and subsequent retracement is important context: Andersonville is a low-transaction residential neighborhood, and a handful of high-value sales can push the rolling median sharply, just as their rotation out of the window can pull it back down. The underlying direction, from $494,000 to a current $565,000 over roughly three and a half years, represents approximately 14% appreciation, with the real trajectory likely captured better by the range than by any single month.
Median Sales Price — Rolling 12 Months (All Property Types)
By comparison, the Chicagoland MLS-wide median rose from $275,000 in January 2023 to $335,000 in May 2026, a gain of about 22%. Andersonville has maintained a substantial premium to the metro average throughout, trading in the $480,000 to $792,000 range while the MLS hovered between $275,000 and $335,000. The premium reflects the neighborhood's strong fundamentals: walkability, cultural amenities, school reputation, and the sustained demand from buyers who prioritize its distinctive character.
What Is Months Supply of Homes for Sale?
Months supply measures how long it would take to sell all homes currently on the market at the current pace of sales, assuming no new listings came on. It is calculated by dividing active inventory by the average monthly sales rate.
A balanced market is generally considered 4 to 6 months of supply. Below 4 months favors sellers. Above 6 months favors buyers. Andersonville at 0.4 months is running at roughly one-tenth of a balanced market level. There is essentially no inventory cushion. Homes that come to market face immediate buyer attention.
Months Supply of Homes for Sale: A Dramatic Tightening
The months supply chart tells Andersonville's clearest market story. Supply started at 1.0 months in January 2023 and actually loosened through mid-2024, reaching a local peak of 1.9 months in June and July 2024. That was still well below a balanced market, but it represented the most breathing room buyers had seen. From that point, the tightening was swift and sustained. By August 2025, supply had dropped to 0.7 months. By September 2025, it was 0.5. By November 2025, it hit 0.4, and it has stayed at or below 0.4 months ever since, touching a low of 0.3 months in February 2026.
Months Supply of Homes for Sale — Rolling 12 Months (All Property Types)
Median Market Time: Among the Fastest in Chicago
In early 2023, the rolling 12-month median days on market in Andersonville was a brisk 7 to 8 days, already faster than the MLS average. There was a brief softening period in late 2023 through mid-2025, when market time crept up to 14 to 16 days, reflecting the temporary loosening in supply and a more cautious buyer pool during a period of elevated mortgage rates. Since late 2025, with supply compressing dramatically, market time has followed suit. By February 2026 it had dropped back to 10 days. April and May 2026 came in at 8 and 7 days respectively. Andersonville is back to its fastest pace on record.
Median Market Time (Days) — Rolling 12 Months (All Property Types)
For perspective, the MLS-wide median market time is 17 days in May 2026. Andersonville at 7 days is moving at less than half the metro pace. As with the price data, the small transaction base means individual months can shift the rolling figure meaningfully. But the sustained trend since late 2025, when 12 months of fast transactions have rolled into the window, makes the current 7-day reading a reliable signal of market speed.
What This Means for Buyers and Sellers
If you are selling in Andersonville, the supply picture is about as favorable as it gets. With 0.4 months of inventory and a 7-day median market time, well-priced homes are generating immediate attention. The key word is "well-priced." Even in this environment, buyers in Andersonville are informed and pay attention to comps. Pricing into the upper end of a volatile range without the transaction history to support it can still result in a listing that sits and then stigmatizes.
If you are buying in Andersonville, the 7-day market time makes clear what the experience will be: fast-moving, competitive, and unforgiving of indecision. Pre-approval needs to be complete before you start touring. Understanding which streets, lot sizes, and home conditions justify which price points will save you from over-bidding on the wrong home or missing the right one.
On pricing volatility: the wide swing in the rolling median, from a $385,000 low in September 2023 to a $792,000 high in August 2025, reflects how thin transaction volume can distort any single month's reading. A property-specific comparative market analysis is essential here, far more so than a neighborhood median.
Frequently Asked Questions
What is the median home price in Andersonville Chicago in 2026?
The rolling 12-month median sales price for residential properties in Andersonville is $565,000 as of May 2026, according to MRED data. This figure is subject to meaningful volatility given the neighborhood's limited annual transaction volume. The rolling median peaked at $792,000 in August 2025 and has since pulled back as the composition of transactions shifted.
Is Andersonville a seller's market in 2026?
Yes, decisively. With 0.4 months of supply and a 7-day median market time as of May 2026, Andersonville is one of the tightest residential submarkets in Chicago. A balanced market requires 4 to 6 months of supply. Andersonville is running at roughly one-tenth of that level.
How long does it take to sell a home in Andersonville?
The rolling 12-month median market time in Andersonville is 7 days as of May 2026, compared to 17 days for the broader Chicagoland MLS. Well-priced homes in good condition regularly go under contract within the first week of listing.
Why does Andersonville's median price fluctuate so much?
Andersonville has a relatively small number of residential property sales in any given year. This means the rolling 12-month median can shift significantly when a cluster of high-value or lower-value homes trades in a short period. The volatility in the price chart, from $385,000 in September 2023 to $792,000 in August 2025, reflects this dynamic rather than actual swings in underlying values. Individual property analysis is more reliable than the neighborhood median for pricing decisions.
What makes Andersonville a desirable neighborhood in Chicago?
Andersonville is known for its walkable, independent-business-rich commercial corridor along Clark Street, its strong community identity, excellent school options, and diverse architectural stock. Its position in the Far North Side, with easy access to the Red Line, has made it a consistent draw for buyers prioritizing neighborhood character and long-term livability.
Have Questions About the Andersonville Market?
Camille Canales tracks Andersonville, Bucktown, Wicker Park, Logan Square, and neighborhoods across Chicago daily. Whether you are thinking about buying, selling, or simply want to understand what your home is worth, reach out for a no-pressure conversation.
Call or text: 773-377-9200 | Email: [email protected]
Data source: MRED via InfoSparks. All data deemed reliable but not guaranteed. Metrics reflect rolling 12-month calculations for residential properties in Andersonville, Chicago and the Entire MLS Area as of 6/30/2026. © 2026 ShowingTime. Market report prepared by Camille Canales Group, Compass Real Estate.
