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Saturday, July 24, 2021

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

DateAverage priceMinimum priceMaximum 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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