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Chicago Real Estate Forecast : Housing Market Trends and Price Predictions 2021

Chicago city real estate market report for buying and selling homes with median prices:
“Is it a good time to buy homes in Chicago City?” “Does investing in real estate in Chicago (Illinois State, Cook County) worth it?” According to our live Forecast System, buying a house in Chicago City is a not so good short-term (1-year) investment*. The Chicago average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis.
At Citytelegraph.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Chicago City in Illinois State, Cook County. If you are looking for homes for sale with good flipping profit, Chicago can be a profitable property investment option. The median price of an average house in Chicago was 248506 USD on 2021-03-06. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the “Chicago” area is 261986 USD by 2026-03-31. For a 5-year investment the profit is expected to be around +5.42% meaning that investing 100000 USD today may yield a profit of 105420 USD by 2026.

Chicago City Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

Chicago City (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2021-2027


Questions and Answers about the Chicago Housing Market Forecast

How much does an average home cost in Chicago today?
The value of an average home (the listing price) in Chicago City is 248506 USD.

What is the average price per square foot in Chicago City?
According to Citytelegraph, the median price per square foot in Chicago City is 138 USD.

Will the median listing price of homes in Chicago City grow / rise / go up?
Yes. The Chicago home prices may rise from 248506 USD to 251378 USD in one year.

Is it profitable to invest in Chicago homes?
Yes. The long-term profit potential is +1.16% in one year.

Will Chicago house prices fall / drop?
No.

What is the predicted price of a Chicago home in 2026?
The predicted home sales price of a Chicago home in 2026 in Chicago City is 261986 USD.

What is the predicted price of a Chicago home in 2031?
The predicted home sales price of a Chicago home in 2031 in Chicago City is 275188 USD.

Will real estate prices decrease in Chicago?
According to our analysis, it is unlikely to happen.


Short-Term Outlook Based On The Last 12 Months

Chicago City is the 4. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Cook, Chicago City increased, looking at the past 12 months.

According to Citytelegraph’s Chicago real estate market research, home values will increase in the next 12 months.

Median home values increased by 1.73% to 248506 USD, between 2020-02-29 and 2021-02-28

The average annual profit of property investment was:

6.20% in 2016
4.66% in 2017
2.36% in 2018
-0.06037% in 2019
-0.253% in 2020
0.0838% in 2021
Based on our Chicago City real estate market research and report the predicted sales prices will increase by 10.74% in the next 10 years.

Over the last 12 months, the value of homes in Chicago City fluctuated: increasing 10 times and decreasing 2 times.

Also Check

New York Real Estate Forecast 2021: What to expect from NY Real Estate Market this year


Chicago Real Estate Price Trends, Housing Market Forecast for next months and years

Date Average price Minimum price Maximum price
Chicago Housing Market Forecast with Real Estate Prices for 2021
April 2021  247971  201452  292071
May 2021  248072  203767  294826
June 2021  248362  205046  295116
July 2021  248768  205031  292762
August 2021  249106  207168  295642
September 2021  249406  203512  298380
October 2021  249751  200699  295101
November 2021  250071  205970  297797
December 2021  250451  201444  295949
Chicago Housing Market Forecast with Real Estate Prices for 2022
January 2022  250882  207005  297784
February 2022  251238  205139  299891
March 2022  251378  204178  297828
April 2022  250636  205956  296823
May 2022  250695  203507  299442
June 2022  251032  207279  301728
July 2022  251409  201988  297609
August 2022  251723  204295  298657
September 2022  252084  206389  299942
October 2022  252398  203271  300307
November 2022  252759  206174  300241
December 2022  253087  208478  299947
Chicago Housing Market Forecast with Real Estate Prices for 2023
January 2023  253442  209212  298197
February 2023  253972  206654  295863
March 2023  254021  205031  303542
April 2023  253302  206352  302629
May 2023  253317  210521  302817
June 2023  253702  206891  300452
July 2023  254051  205703  300401
August 2023  254341  208426  300817
September 2023  254762  207109  303886
October 2023  255045  206933  301373
November 2023  255446  208346  303917
December 2023  255721  209801  302362
Chicago Housing Market Forecast with Real Estate Prices for 2024
January 2024  256004  206267  301658
February 2024  256382  209916  299788
March 2024  256699  207785  299386
April 2024  255913  208639  305263
May 2024  256057  205864  302524
June 2024  256300  209025  300525
July 2024  256734  210060  303899
August 2024  257097  214185  304980
September 2024  257337  211714  303137
October 2024  257713  212287  305606
November 2024  257990  212494  305260
December 2024  258422  213604  304778
Chicago Housing Market Forecast with Real Estate Prices for 2025
January 2025  258930  211363  304520
February 2025  259114  215787  301900
March 2025  259343  211088  308463
April 2025  258579  212701  303344
May 2025  258680  211241  309187
June 2025  258970  211529  304929
July 2025  259376  209131  303943
August 2025  259714  211926  304837
September 2025  260014  212937  304011
October 2025  260359  214152  308531
November 2025  260679  216364  311700
December 2025  261059  216217  309209
Chicago Housing Market Forecast with Real Estate Prices for 2026
January 2026  261490  217351  309764
February 2026  261846  214341  310316
March 2026  261986  214880  305234
April 2026  261244  212707  305645
May 2026  261303  215951  307183
June 2026  261640  214165  307774
July 2026  262018  218618  308581
August 2026  262331  217007  313270
September 2026  262692  212509  312196
October 2026  263006  216558  308131
November 2026  263367  215525  309641
December 2026  263695  214319  309274
Chicago Housing Market Forecast with Real Estate Prices for 2027
January 2027  264050  216956  314503
February 2027  264580  215808  308335
March 2027  264629  217242  312160
April 2027  263910  215474  304925
May 2027  263926  215367  311310
June 2027  264310  215475  308826
July 2027  264659  215121  312144
August 2027  264949  216220  314666
September 2027  265370  217212  314981
October 2027  265653  216011  311924
November 2027  266054  219253  311896
December 2027  266329  218027  311332
Chicago Housing Market Forecast with Real Estate Prices for 2028
January 2028  266612  219522  315307
February 2028  266990  218438  314197
March 2028  267307  220847  314068
April 2028  266521  217235  311916
May 2028  266665  220311  314807
June 2028  266908  222489  313390
July 2028  267342  221996  319205
August 2028  267705  218517  313506
September 2028  267945  221371  316767
October 2028  268321  220856  313439
November 2028  268598  219883  315734
December 2028  269030  224901  315174
Chicago Housing Market Forecast with Real Estate Prices for 2029
January 2029  269538  224642  318795
February 2029  269722  219219  316233
March 2029  269951  226734  316332
April 2029  269187  221152  315608
May 2029  269288  222780  314727
June 2029  269578  224589  315004
July 2029  269984  224963  314671
August 2029  270322  220367  316658
September 2029  270622  226340  320120
October 2029  270967  224080  314072
November 2029  271287  223790  317423
December 2029  271667  225950  320561
Chicago Housing Market Forecast with Real Estate Prices for 2030
January 2030  272098  223964  318423
February 2030  272454  225139  321790
March 2030  272595  222066  318831
April 2030  271853  229290  319839
May 2030  271911  228448  316661
June 2030  272248  224671  315185
July 2030  272626  223397  323715
August 2030  272940  226945  319476
September 2030  273300  229124  319504
October 2030  273614  223471  319445
November 2030  273975  228608  319168
December 2030  274303  223534  321199
Chicago Housing Market Forecast with Real Estate Prices for 2031
January 2031  274658  227995  322873
February 2031  275188  227856  319732

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