Logan Square's housing market has gone through a full cycle in three years. In late 2023 and early 2024, the rolling 12-month median market time was above 51 days and supply had risen to 2.8 months, the most buyer-favorable conditions in the dataset. Today, the same metrics read 10 days and 2.2 months, and the rolling 12-month median sales price has climbed to $675,750, the highest level recorded in this data. The turnaround has been sustained and supported by real demand. Logan Square is a seller's market, and the price trend is pointing higher.
$675,750 Median Sales Price Rolling 12-mo. through May 2026 | 2.2 Months Supply May 2026 (balanced = 4-6 mo.) | 10 days Median Market Time May 2026 rolling avg. |
Median Sales Price: Logan Square vs. Chicagoland MLS
Logan Square's rolling 12-month median started at $540,000 in January 2023 and declined through early 2023 before stabilizing in the $440,000 to $500,000 range through late 2023 and into 2024. The upward move began in earnest through 2024, with the rolling median reaching $570,000 by September 2024. After some consolidation in early 2025, prices made a sustained move higher in the second half of 2025 and into 2026, with the rolling median reaching $645,000 in January 2026, $671,500 in March, $680,000 in April, and $675,750 in May.
Median Sales Price — Rolling 12 Months (All Property Types)
The Chicagoland MLS-wide median rose from $275,000 to $335,000 over the same period. Logan Square's premium to the MLS, which compressed toward $440,000 in early 2023 when neighborhood prices dipped, has now expanded to $675,750 against the MLS's $335,000 as of May 2026. The neighborhood's appreciation since its early-2023 trough of $440,000 represents roughly 54% growth, though part of that is recovery from what was a compressed period driven by the mix of transactions rather than a true decline in underlying values.
What Is Months Supply of Homes for Sale?
Months supply is a gauge of market balance. It tells you how long it would take to sell all currently listed homes at the current pace of sales if no new listings came on. The calculation: active inventory divided by average monthly sales rate.
Standard interpretation: 4 to 6 months is a balanced market, below 4 favors sellers, above 6 favors buyers. Logan Square peaked at 2.8 months in early 2024, still technically a seller's market, and has since declined to 2.2 months. That means buyers have more options in Logan Square than in Bucktown (1.1 months), Wicker Park (0.5 months), or Andersonville (0.4 months), but the market still clearly favors sellers.
Months Supply of Homes for Sale: A Different Pattern Than Neighboring Markets
Logan Square's supply chart stands out from the other three neighborhoods in this report. Rather than showing a dramatic multi-year decline, it traces a cycle: tightening in early 2023 (2.3 months), loosening through 2023 and peaking at 2.8 months from October 2023 through April 2024, then gradually declining through 2025 to a low of 1.5 months in May 2025, before drifting back up to 2.2 months by early 2026. The net movement since the peak is downward, and supply is below a balanced market, but Logan Square has more relative availability than its neighbors to the south and east.
Months Supply of Homes for Sale — Rolling 12 Months (All Property Types)
Median Market Time: From 51 Days to 10
The most dramatic data series in this report is Logan Square's market time. The rolling 12-month median peaked at 51 days in December 2023 and January 2024, a period when elevated mortgage rates dampened buyer demand and a cluster of extended listings pulled the rolling median significantly higher in a low-transaction market. From that peak, market time declined in fits and starts, with the rolling figure remaining elevated through much of 2024 and into spring 2025 (52 days in May 2025, reflecting a different compositional mix). The decisive compression came in the second half of 2025: 32 days by August, 12 by October, 10 by November, and 8 days in February 2026. May 2026 registers 10 days.
Median Market Time (Days) — Rolling 12 Months (All Property Types)
Logan Square's market time volatility is partly a function of transaction volume. When the annual pool of residential sales is limited, one or two homes that took 90 to 120 days to sell can move the rolling median by 15 to 20 days. Conversely, a period of brisk sales compresses it quickly. The consistent readings of 8 to 12 days from October 2025 through May 2026, spanning multiple rolling windows, make the current pace a reliable signal rather than noise.
What This Means for Buyers and Sellers
If you are selling in Logan Square, conditions are as favorable as they have been in this cycle. The 2023 to 2024 softness is well behind us. The $675,750 rolling median represents the highest level in this dataset, and the market time compression to 10 days indicates that demand is genuine and immediate. With 2.2 months of supply, you have a bit less urgency-leverage than sellers in Bucktown or Wicker Park, but you are still clearly in seller's market territory on any well-prepared, correctly priced home.
If you are buying in Logan Square, the 10-day market time tells you that deliberation is costly. The silver lining compared to neighboring markets is that 2.2 months of supply means you will see more options and face somewhat less frantic competition than in Wicker Park or Andersonville. That said, well-priced homes in good condition still move fast. Pre-approval in hand, clarity on your price range, and a realistic view of current comps are essential.
On the bigger picture: Logan Square remains one of Chicago's most culturally distinct and consistently sought-after neighborhoods. Blue Line access, the 606 trail, a thriving independent dining and retail scene, and relative affordability compared to Lincoln Park and Bucktown continue to generate sustained demand from buyers who want character and community in a walkable setting.
Frequently Asked Questions
What is the median home price in Logan Square Chicago in 2026?
The rolling 12-month median sales price for residential properties in Logan Square reached $675,750 in May 2026, according to MRED data. This is the highest level recorded in the dataset, up from approximately $440,000 to $490,000 during the 2023 period of relative softness.
Is Logan Square a seller's market in 2026?
Yes. With 2.2 months of supply and a 10-day median market time, Logan Square favors sellers. It is less dramatically tight than Bucktown, Wicker Park, or Andersonville, but it is well below the 4 to 6 months of supply that characterizes a balanced market, and demand is clearly outpacing available inventory.
Why was Logan Square's market time so high in 2023 and 2024?
The 51-day rolling median market time in late 2023 and early 2024 reflected a combination of elevated mortgage rates dampening buyer demand, and the outsized influence that a small number of extended listings can have on the rolling median in a low-transaction market. The trend reversed decisively in the second half of 2025, with market time compressing from over 40 days to under 12 within a few months.
How does Logan Square compare to Bucktown and Wicker Park in 2026?
Logan Square's current median of $675,750 sits between Bucktown ($1,032,500) and Wicker Park ($672,500), with similar market time (10 days vs. 9 days) but more available supply (2.2 months vs. 1.1 and 0.5 months respectively). Buyers have more options in Logan Square relative to those neighborhoods, but prices have appreciated significantly and the market still clearly favors sellers.
What makes Logan Square attractive to homebuyers in Chicago?
Logan Square's appeal is built on a combination of architectural character, Blue Line access, proximity to the 606 trail, a vibrant independent business corridor along Milwaukee and Logan Boulevard, and pricing that has historically offered more value than comparable neighborhoods closer to the lake. It draws buyers who prioritize neighborhood identity, cultural amenities, and long-term appreciation potential.
Have Questions About the Logan Square 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 Logan Square, Chicago and the Entire MLS Area as of 6/30/2026. © 2026 ShowingTime. Market report prepared by Camille Canales Group, Compass Real Estate.
