The Camille Canales Group is taking a close look at how the Chicago real estate market is performing in 2025. With the first half of the year nearly behind us, we're seeing clearer trends emerge in pricing, inventory, buyer behavior, and neighborhood demand. Whether you're thinking about buying, selling, or simply watching from the sidelines, here's what you need to know about how Chicago's housing market is shaping up in 2025.
Inventory Levels: A Slow but Steady Rise
After years of tight inventory, Chicago is finally seeing some relief. According to Illinois REALTORS®, active listings across the city have increased by roughly 9% compared to Q1 2024. While still below pre-pandemic norms, this bump is giving buyers slightly more breathing room. In Bucktown, Logan Square, and Ukrainian Village, the trend is similar, with modest increases in both new listings and days on market.
Camille Canales, top-producing Realtor and team lead at Camille Canales Group, notes: “The increased inventory is helping balance the market a bit, but demand is still high in key neighborhoods. Priced-right homes are still moving fast.”
Home Prices: Still Strong, But Stabilizing
While the national housing market is beginning to cool slightly, Chicago’s pricing remains relatively strong. Redfin reports that the median sale price in Chicago was $320,000 in April 2025, up about 4.2% from the previous year.
In high-demand areas like Wicker Park and Lincoln Park, price growth has slowed, but values remain high. Homes in Logan Square and Ukrainian Village continue to attract buyers thanks to their unique architecture, walkability, and proximity to the Loop.
Interest Rates and Buyer Strategy
Mortgage interest rates have hovered around 6.75% in early 2025, down slightly from the highs of 2023. As inflation cools and the Fed maintains a cautious stance, rates may continue to trend downward.
For buyers in Chicago, this presents a window of opportunity. Pre-approvals and flexible loan options are giving first-time homebuyers a leg up in competitive bidding situations, particularly for homes under $600,000.
What Sellers Should Know Right Now
If you're considering selling a home in Chicago in 2025, timing and strategy are key. Camille Canales Group recommends:
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Staging and professional photography to maximize listing appeal
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Strategic pricing aligned with neighborhood comps
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Marketing on multiple platforms, including Google, Zillow, and Instagram
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Leveraging Camille Canales Group's track record of selling homes 6% above Zestimate on average
Neighborhood Spotlight: Who’s Gaining Momentum?
Logan Square continues to be a hotbed for first-time homebuyers and creative professionals. With access to the Blue Line, great local schools, and a mix of vintage and new-construction homes, its appeal remains strong.
Wicker Park, while more established, is seeing a new wave of buyers looking for upscale condos and luxury townhomes. Boutique developments near Milwaukee Ave. are particularly popular.
Ukrainian Village is drawing in buyers who appreciate historic charm and a tight-knit community feel. Walkability and access to parks and restaurants add to the draw, especially for buyers with pets or young children.
Rent vs. Buy in 2025
According to Zillow, Chicago’s rental prices have risen 7.1% year-over-year as of Q2 2025. As a result, many renters are exploring homeownership as a more stable, long-term option.
A mortgage on a $350,000 condo can now cost less than renting a 2-bedroom apartment in many North Side neighborhoods. With first-time buyer incentives and adjustable rate mortgage products gaining popularity, buying a home in Chicago is becoming more accessible.
Chicago Real Estate Market Outlook: Summer & Fall 2025
Looking ahead to the second half of 2025, we expect the Chicago real estate market to remain active, especially in walkable neighborhoods near transit. Inventory will likely continue to grow slowly, giving buyers more options and helping moderate price growth.
Whether you're a buyer looking to invest in an appreciating neighborhood or a seller ready to make a move, the Camille Canales Group is here to help you navigate the Chicago real estate market with clarity, data, and confidence.
Have questions about buying or selling a home in Chicago in 2025? The Camille Canales Group has deep expertise in Bucktown, Wicker Park, Logan Square, Ukrainian Village, and beyond. Get in touch with us today at [email protected] or 773-377-9200 to take the next step with a trusted Chicago Realtor.
