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 |
