If you’re thinking about buying or selling a home in Chicago this year, you’re probably wondering: are prices still rising? Is inventory picking up? And what does it all mean for your next move?
In this mid-year forecast, we break down the key numbers from the first half of 2025 using verified MLS data from MRED (Midwest Real Estate Data) covering the broader Chicagoland area. Whether you’re planning to sell your home or simply tracking the market, here’s what you need to know.
📊 Market Overview: What the 2025 Numbers Are Telling Us
Camille Canales Group analyzed year-to-date stats for All Property Types, comparing the first two quarters of 2025 with the same periods from 2022 to 2024. Here are the major takeaways:
🏘️ New Listings Are Down
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Q1 2025: 36,732 new listings
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Q2 2025: 49,477 new listings
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YTD Total: 86,209 listings
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Compared to 2022–2024 average: Down 7.86%
📉 The Chicagoland housing market is still facing tight inventory. Fewer homes are hitting the market compared to previous years, which continues to fuel competition—especially in desirable neighborhoods and price points.
💰 Prices Are Still Rising
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Q1 2025: $412,217
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Q2 2025: $452,140
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YTD Average Price: Up 15.19% vs. previous 3-year average
Chicago home prices are continuing their upward trajectory, thanks to limited inventory, sustained demand, and confidence from both local and out-of-town buyers. If you’re a seller, this is excellent news: your home may be worth more than you think.
✅ Sellers Are Getting Close to Their Asking Price
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Q1 2025: 97.77% of list price
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Q2 2025: 99.50% of list price
This “list-to-close” ratio measures how close sellers are coming to their original asking price. Higher percentages indicate strong buyer demand and less room for price negotiation. In Q2, sellers nearly hit full asking price—suggesting a seller-favorable environment.
🔮 What to Expect for the Rest of 2025
Here’s what our team is watching as we move into Q3 and Q4:
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Tight inventory will likely continue, especially as some sellers wait out high interest rates.
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Prices may level out slightly in the fall, but we don’t expect major declines unless economic conditions shift dramatically.
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Buyers remain active, particularly in neighborhoods with good schools, access to transit, and strong community infrastructure.
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Sellers should prepare thoughtfully—homes that are priced right and well-prepared are moving quickly, sometimes with multiple offers.
🧭 Advice for Buyers and Sellers Right Now
For Sellers:
If you’ve been waiting to list, now may be the time to act. The market is moving, prices are up, and serious buyers are still looking—especially for move-in ready homes and unique properties.
For Buyers:
Be prepared to move quickly and make strong offers. If you’re financed and working with a proactive Realtor®, you still have opportunities—even in a competitive market.
🏡 Why Work with Camille Canales Group?
At Camille Canales Group, we specialize in navigating complex markets with precision, strategy, and heart. We’re hyperlocal experts with deep insight into Chicago’s real estate trends and access to exclusive listings through our professional networks.
Whether you’re buying your first condo, upgrading to a single-family home, or selling an investment property, we’re here to help you succeed—on your terms.
📞 Ready to Make Your Move?
If you're thinking about buying or selling a home in Chicago this year, we’d love to talk.
Contact Camille Canales Group at:
📧 [email protected]
📞 773-377-9200
