Chicago Real Estate Forecast, Chicago Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Chicago a good investment? The median home price in Chicago City today: 309597 USD (+0.7034%)

Current Price
1-Year Forecast *
5-Year Forecast *
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. Q&A about "Chicago" projections.
At Walletinvestor.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 309597 USD on 2024-02-09. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Chicago" area is 340410 USD by 2029-02-28. For a 5-year investment the profit is expected to be around +9.95% meaning that investing 100000 USD today may yield a profit of 109950 USD by 2029.
Current Median Listing Price: 309597 USD
Median Listing Price Per Square Foot: 172 USD

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

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.
Chicago prediction details
Chicago City Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year
Walletinvestor.com

Chicago City (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2023-2029

The long-term housing forecast is based on all the available median listing price recorded up to today.
Chicago prediction details
Chicago City (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2028-2028
Walletinvestor.com

Detailed Trend Components of the Chicago Property Price Forecast and Prognosis

Chicago prediction details
Detailed Data for the Chicago City Real Estate Forecast Charts of the Upcoming Months and Year
Walletinvestor.com

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2023Open: 298570Close: 309260Low: 298570High: 309260
2022Open: 292580Close: 298090Low: 292580High: 310270
2021Open: 266470Close: 290410Low: 266470High: 290410
2020Open: 242630Close: 262430Low: 242630High: 262430
2019Open: 234690Close: 240340Low: 234690High: 240340
2018Open: 223930Close: 233990Low: 223930High: 233990
2017Open: 208140Close: 221500Low: 208140High: 221500
2016Open: 194760Close: 206350Low: 194760High: 206350
2015Open: 182490Close: 193210Low: 182480High: 193210
2014Open: 166400Close: 181770Low: 166400High: 181770
2013Open: 142640Close: 164760Low: 142640High: 164760
2012Open: 144590Close: 142100Low: 140980High: 144590
2011Open: 158620Close: 145760Low: 145760High: 158620
2010Open: 173650Close: 160700Low: 160700High: 173650

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 309597 USD.

What is the average price per square foot in Chicago City?

According to Walletinvestor the median price per square foot in Chicago City is 172 USD.

Will the median listing price of homes in Chicago City grow / rise / go up?

Yes. The Chicago home prices may rise from 309597 USD to 316657 USD in one year.

Is it profitable to invest in Chicago homes?

Yes. The long-term profit potential is +2.28% in one year.

Will Chicago house prices fall / drop?

No. See above.

What is the predicted price of a Chicago home in 2029?

The predicted home sales price of a Chicago home in 2029 in Chicago City is 340410 USD.

What is the predicted price of a Chicago home in 2034?

The predicted home sales price of a Chicago home in 2034 in Chicago City is 368599 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 Walletinvestor’s Chicago real estate market research, home values will increase in the next 12 months.

Median home values increased by 3.316% to 309597 USD, between 2023-01-31 and 2024-01-31

The average annual profit of property investment was:

  • 2.407% in 2019
  • 8.161% in 2020
  • 8.984% in 2021
  • 1.883% in 2022
  • 3.693% in 2023
  • 0.000001% in 2024

Based on our Chicago City real estate market research and report the predicted sales prices will increase by 19.058% in the next 10 years.

Over the last 12 months, the value of homes in Chicago City fluctuated: increasing 7 times and decreasing 5 times.


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Chicago (Illinois State) Property Investment Growth

Chicago Property Market Information

Recommendations by the previous and the upcoming 36 months: buy or sell a home in Chicago? See the Chicago (Illinois State, Cook County) property price forecasts, and buy/sell analysis based on the Housing Market and Property Investment report below. According to current data of median home prices: Chicago's real estate prices and its market environment have been in a bullish cycle in the last 36 months. Our property investment analyst Ai predicts a positive trend in the near future and buying a house in Chicago appears to be a profitable investment. All the above imply a positive outlook for the Chicago city property market making it a must have in your property investment portfolio. Flipping houses for profit in bullish markets is always easier so you might want to favor these cities under the given circumstances, but always read up on optimal real estate investment strategies if you are new to investing.

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

If you are looking for the best real estate investment opportunities in the State of Illinois, Chicago City can be a a not so good option. To help you in your decision see the estimated home prices and values in Chicago City below. Our property price forecasts can help home buyers and sellers make better property investment decisions for 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.
DateAverage priceMinimum priceMaximum price
Chicago Housing Market Forecast with Real Estate Prices for 2024March 2024Open: 311933Min: 272398Max: 352298
Chicago Housing Market Forecast with Real Estate Prices for 2024April 2024Open: 313054Min: 270506Max: 350972
Chicago Housing Market Forecast with Real Estate Prices for 2024May 2024Open: 314027Min: 275936Max: 352364
Chicago Housing Market Forecast with Real Estate Prices for 2024June 2024Open: 314620Min: 277407Max: 352790
Chicago Housing Market Forecast with Real Estate Prices for 2024July 2024Open: 315131Min: 276604Max: 351605
Chicago Housing Market Forecast with Real Estate Prices for 2024August 2024Open: 313681Min: 275228Max: 356525
Chicago Housing Market Forecast with Real Estate Prices for 2024September 2024Open: 313861Min: 276899Max: 350916
Chicago Housing Market Forecast with Real Estate Prices for 2024October 2024Open: 314281Min: 277689Max: 350647
Chicago Housing Market Forecast with Real Estate Prices for 2024November 2024Open: 314872Min: 277436Max: 352784
Chicago Housing Market Forecast with Real Estate Prices for 2024December 2024Open: 315722Min: 273923Max: 355414
Chicago Housing Market Forecast with Real Estate Prices for 2025January 2025Open: 316017Min: 276127Max: 352829
Chicago Housing Market Forecast with Real Estate Prices for 2025February 2025Open: 316657Min: 278457Max: 355198
Chicago Housing Market Forecast with Real Estate Prices for 2025March 2025Open: 317886Min: 278755Max: 356693
Chicago Housing Market Forecast with Real Estate Prices for 2025April 2025Open: 318986Min: 281234Max: 358587
Chicago Housing Market Forecast with Real Estate Prices for 2025May 2025Open: 319919Min: 279586Max: 358585
Chicago Housing Market Forecast with Real Estate Prices for 2025June 2025Open: 320567Min: 281067Max: 358178
Chicago Housing Market Forecast with Real Estate Prices for 2025July 2025Open: 321093Min: 285567Max: 359856
Chicago Housing Market Forecast with Real Estate Prices for 2025August 2025Open: 319552Min: 282886Max: 357739
Chicago Housing Market Forecast with Real Estate Prices for 2025September 2025Open: 319820Min: 280988Max: 360410
Chicago Housing Market Forecast with Real Estate Prices for 2025October 2025Open: 320251Min: 282003Max: 361055
Chicago Housing Market Forecast with Real Estate Prices for 2025November 2025Open: 320860Min: 283883Max: 359858
Chicago Housing Market Forecast with Real Estate Prices for 2025December 2025Open: 321639Min: 282083Max: 361714
Chicago Housing Market Forecast with Real Estate Prices for 2026January 2026Open: 321794Min: 283657Max: 361297
Chicago Housing Market Forecast with Real Estate Prices for 2026February 2026Open: 322706Min: 280865Max: 361295
Chicago Housing Market Forecast with Real Estate Prices for 2026March 2026Open: 323837Min: 285270Max: 365383
Chicago Housing Market Forecast with Real Estate Prices for 2026April 2026Open: 324916Min: 286885Max: 364560
Chicago Housing Market Forecast with Real Estate Prices for 2026May 2026Open: 325810Min: 285168Max: 364783
Chicago Housing Market Forecast with Real Estate Prices for 2026June 2026Open: 326514Min: 284390Max: 367219
Chicago Housing Market Forecast with Real Estate Prices for 2026July 2026Open: 327053Min: 289610Max: 362317
Chicago Housing Market Forecast with Real Estate Prices for 2026August 2026Open: 325424Min: 289971Max: 365894
Chicago Housing Market Forecast with Real Estate Prices for 2026September 2026Open: 325782Min: 286770Max: 364314
Chicago Housing Market Forecast with Real Estate Prices for 2026October 2026Open: 326221Min: 288121Max: 366172
Chicago Housing Market Forecast with Real Estate Prices for 2026November 2026Open: 326847Min: 285134Max: 365823
Chicago Housing Market Forecast with Real Estate Prices for 2026December 2026Open: 327553Min: 285446Max: 362887
Chicago Housing Market Forecast with Real Estate Prices for 2027January 2027Open: 327571Min: 288257Max: 367081
Chicago Housing Market Forecast with Real Estate Prices for 2027February 2027Open: 328757Min: 288662Max: 366713
Chicago Housing Market Forecast with Real Estate Prices for 2027March 2027Open: 329786Min: 288145Max: 368589
Chicago Housing Market Forecast with Real Estate Prices for 2027April 2027Open: 330844Min: 291214Max: 373535
Chicago Housing Market Forecast with Real Estate Prices for 2027May 2027Open: 331701Min: 293876Max: 370707
Chicago Housing Market Forecast with Real Estate Prices for 2027June 2027Open: 332462Min: 292086Max: 371935
Chicago Housing Market Forecast with Real Estate Prices for 2027July 2027Open: 333013Min: 293703Max: 371635
Chicago Housing Market Forecast with Real Estate Prices for 2027August 2027Open: 331297Min: 289938Max: 370502
Chicago Housing Market Forecast with Real Estate Prices for 2027September 2027Open: 331745Min: 291685Max: 370776
Chicago Housing Market Forecast with Real Estate Prices for 2027October 2027Open: 332192Min: 292104Max: 368784
Chicago Housing Market Forecast with Real Estate Prices for 2027November 2027Open: 332833Min: 289674Max: 371987
Chicago Housing Market Forecast with Real Estate Prices for 2027December 2027Open: 333464Min: 293314Max: 373519
Chicago Housing Market Forecast with Real Estate Prices for 2028January 2028Open: 333350Min: 294581Max: 370804
Chicago Housing Market Forecast with Real Estate Prices for 2028February 2028Open: 334364Min: 294658Max: 373286
Chicago Housing Market Forecast with Real Estate Prices for 2028March 2028Open: 335686Min: 296408Max: 374449
Chicago Housing Market Forecast with Real Estate Prices for 2028April 2028Open: 336807Min: 295346Max: 374310
Chicago Housing Market Forecast with Real Estate Prices for 2028May 2028Open: 337780Min: 298610Max: 377531
Chicago Housing Market Forecast with Real Estate Prices for 2028June 2028Open: 338372Min: 297644Max: 378895
Chicago Housing Market Forecast with Real Estate Prices for 2028July 2028Open: 338884Min: 300578Max: 378186
Chicago Housing Market Forecast with Real Estate Prices for 2028August 2028Open: 337433Min: 295452Max: 374684
Chicago Housing Market Forecast with Real Estate Prices for 2028September 2028Open: 337613Min: 301537Max: 375109
Chicago Housing Market Forecast with Real Estate Prices for 2028October 2028Open: 338034Min: 300932Max: 376142
Chicago Housing Market Forecast with Real Estate Prices for 2028November 2028Open: 338625Min: 299471Max: 377658
Chicago Housing Market Forecast with Real Estate Prices for 2028December 2028Open: 339475Min: 300133Max: 379069
Chicago Housing Market Forecast with Real Estate Prices for 2029January 2029Open: 339770Min: 301592Max: 378656
Chicago Housing Market Forecast with Real Estate Prices for 2029February 2029Open: 340410Min: 299601Max: 380238
Chicago Housing Market Forecast with Real Estate Prices for 2029March 2029Open: 341638Min: 302680Max: 379337
Chicago Housing Market Forecast with Real Estate Prices for 2029April 2029Open: 342738Min: 303895Max: 382500
Chicago Housing Market Forecast with Real Estate Prices for 2029May 2029Open: 343672Min: 303322Max: 382590
Chicago Housing Market Forecast with Real Estate Prices for 2029June 2029Open: 344320Min: 303521Max: 383381
Chicago Housing Market Forecast with Real Estate Prices for 2029July 2029Open: 344846Min: 304752Max: 385705
Chicago Housing Market Forecast with Real Estate Prices for 2029August 2029Open: 343305Min: 303107Max: 381146
Chicago Housing Market Forecast with Real Estate Prices for 2029September 2029Open: 343573Min: 303822Max: 381266
Chicago Housing Market Forecast with Real Estate Prices for 2029October 2029Open: 344004Min: 304534Max: 383085
Chicago Housing Market Forecast with Real Estate Prices for 2029November 2029Open: 344613Min: 302958Max: 381973
Chicago Housing Market Forecast with Real Estate Prices for 2029December 2029Open: 345392Min: 307310Max: 386252
Chicago Housing Market Forecast with Real Estate Prices for 2030January 2030Open: 345547Min: 306588Max: 387783
Chicago Housing Market Forecast with Real Estate Prices for 2030February 2030Open: 346459Min: 307792Max: 385130
Chicago Housing Market Forecast with Real Estate Prices for 2030March 2030Open: 347589Min: 309688Max: 387472
Chicago Housing Market Forecast with Real Estate Prices for 2030April 2030Open: 348668Min: 309923Max: 388543
Chicago Housing Market Forecast with Real Estate Prices for 2030May 2030Open: 349563Min: 310598Max: 387639
Chicago Housing Market Forecast with Real Estate Prices for 2030June 2030Open: 350267Min: 309567Max: 389948
Chicago Housing Market Forecast with Real Estate Prices for 2030July 2030Open: 350806Min: 313261Max: 388679
Chicago Housing Market Forecast with Real Estate Prices for 2030August 2030Open: 349177Min: 310378Max: 387362
Chicago Housing Market Forecast with Real Estate Prices for 2030September 2030Open: 349534Min: 310222Max: 387774
Chicago Housing Market Forecast with Real Estate Prices for 2030October 2030Open: 349974Min: 310946Max: 387293
Chicago Housing Market Forecast with Real Estate Prices for 2030November 2030Open: 350600Min: 311938Max: 387825
Chicago Housing Market Forecast with Real Estate Prices for 2030December 2030Open: 351306Min: 311575Max: 390672
Chicago Housing Market Forecast with Real Estate Prices for 2031January 2031Open: 351324Min: 310290Max: 388401
Chicago Housing Market Forecast with Real Estate Prices for 2031February 2031Open: 352510Min: 316018Max: 388754
Chicago Housing Market Forecast with Real Estate Prices for 2031March 2031Open: 353539Min: 312402Max: 393086
Chicago Housing Market Forecast with Real Estate Prices for 2031April 2031Open: 354597Min: 315526Max: 394396
Chicago Housing Market Forecast with Real Estate Prices for 2031May 2031Open: 355454Min: 316923Max: 395182
Chicago Housing Market Forecast with Real Estate Prices for 2031June 2031Open: 356215Min: 316569Max: 394263
Chicago Housing Market Forecast with Real Estate Prices for 2031July 2031Open: 356766Min: 316217Max: 395026
Chicago Housing Market Forecast with Real Estate Prices for 2031August 2031Open: 355050Min: 315458Max: 397531
Chicago Housing Market Forecast with Real Estate Prices for 2031September 2031Open: 355497Min: 315808Max: 395135
Chicago Housing Market Forecast with Real Estate Prices for 2031October 2031Open: 355944Min: 319853Max: 396555
Chicago Housing Market Forecast with Real Estate Prices for 2031November 2031Open: 356585Min: 318481Max: 395507
Chicago Housing Market Forecast with Real Estate Prices for 2031December 2031Open: 357217Min: 321112Max: 394801
Chicago Housing Market Forecast with Real Estate Prices for 2032January 2032Open: 357103Min: 316820Max: 397393
Chicago Housing Market Forecast with Real Estate Prices for 2032February 2032Open: 358116Min: 316914Max: 397308
Chicago Housing Market Forecast with Real Estate Prices for 2032March 2032Open: 359439Min: 321045Max: 397641
Chicago Housing Market Forecast with Real Estate Prices for 2032April 2032Open: 360560Min: 321153Max: 398297
Chicago Housing Market Forecast with Real Estate Prices for 2032May 2032Open: 361533Min: 323505Max: 399676
Chicago Housing Market Forecast with Real Estate Prices for 2032June 2032Open: 362125Min: 319843Max: 399900
Chicago Housing Market Forecast with Real Estate Prices for 2032July 2032Open: 362637Min: 323324Max: 404921
Chicago Housing Market Forecast with Real Estate Prices for 2032August 2032Open: 361186Min: 320430Max: 399390
Chicago Housing Market Forecast with Real Estate Prices for 2032September 2032Open: 361366Min: 321544Max: 399967
Chicago Housing Market Forecast with Real Estate Prices for 2032October 2032Open: 361787Min: 321709Max: 401329
Chicago Housing Market Forecast with Real Estate Prices for 2032November 2032Open: 362377Min: 320795Max: 399583
Chicago Housing Market Forecast with Real Estate Prices for 2032December 2032Open: 363228Min: 324352Max: 402769
Chicago Housing Market Forecast with Real Estate Prices for 2033January 2033Open: 363523Min: 324252Max: 405272
Chicago Housing Market Forecast with Real Estate Prices for 2033February 2033Open: 364163Min: 326867Max: 403995
Chicago Housing Market Forecast with Real Estate Prices for 2033March 2033Open: 365391Min: 327658Max: 405911
Chicago Housing Market Forecast with Real Estate Prices for 2033April 2033Open: 366491Min: 326405Max: 404590
Chicago Housing Market Forecast with Real Estate Prices for 2033May 2033Open: 367425Min: 330662Max: 405706
Chicago Housing Market Forecast with Real Estate Prices for 2033June 2033Open: 368072Min: 330088Max: 405351
Chicago Housing Market Forecast with Real Estate Prices for 2033July 2033Open: 368599Min: 331185Max: 405571

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Question Box: How will Chicago house price increase? Will Chicago real estate prices go up? Will Chicago real estate prices fall? Will Chicago house prices drop? Will Chicago house prices rise? Is Chicago housing price going up? Is it time to buy a Chicago home? When will Chicago house prices go down? When will Chicago real estate prices drop?