While many U.S. markets are adjusting to shifting rates and slower demand, Chicago continues to stand out for its balance and consistency. Compass’ Q3 2025 Market Report confirms what local buyers and sellers have felt all year: Chicago remains one of the most resilient and sought-after real-estate markets in the country.
Detached and attached homes both posted year-over-year gains, and well-positioned listings continued to move fast – averaging 12 to 18 days to contract when priced accurately.
Buyers remain motivated, but they’re acting with discipline. Clean, well-structured offers are winning the day, and both sides of the transaction are benefiting from a healthier, more strategic pace.
Pricing and Value Trends
Chicago’s Q3 results show a continued shift toward sustainable, data-driven growth rather than speculative surges.
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Detached homes across the city appreciated in the high single digits year-over-year, with standout performance in Lincoln Park (+17%), Lakeview (+18%), and Near North Side (+23%).
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Attached homes (condos and townhomes) saw gains ranging from 7–13%, driven by demand for newer, move-in-ready units and high-rise properties offering convenience and amenities.
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Luxury listings priced above $2M continued to move well when strategically marketed, often selling within three weeks and achieving near-ask outcomes.
This balanced price movement, firm but not inflated, underscores Chicago’s unique advantage: affordability relative to other major metros, coupled with enduring demand from professionals, families, and investors seeking long-term stability.
Inventory: Healthy and Disciplined
Inventory levels in Q3 remained near mid-year averages, holding slightly above 2024 levels but below the national norm. The result?
A market that’s neither saturated nor short-supplied – just balanced enough to support both sides of the transaction.
Buyers had room to compare, while sellers who priced correctly continued to see multiple offers in the first two weeks of listing. The sweet spot remains strategic pricing and strong presentation: homes with professional staging, quality photography, and realistic pricing consistently outperformed those without.
Neighborhood Spotlight
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Lincoln Park: Detached median around $2.1 M (+17% YoY); condos ~$650 K (+7%). Turnkey homes and quiet blocks command top pricing.
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Gold Coast / Near North Side: Detached median ≈ $2.3 M (+23%); attached ≈ $435 K (+8%). High-rise buyers seek updated interiors and lake views.
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Lakeview: Detached ≈ $1.9 M (+18%); attached ≈ $480 K (+13%). Homes near schools and transit sell in under 20 days.
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The Loop: Condos hold steady around $400 K, with faster absorption driven by downtown employment and relocation demand.
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Suburbs: DuPage, Lake, and Will Counties rose 4–6%, driven by families seeking schools and space but still connected to the city.
Looking Ahead
As Q4 unfolds, Chicago appears poised for continued stability into 2026. Compass forecasts gradual appreciation and sustained buyer activity through next year, supported by steady rates and limited new construction.
If you’re thinking about your next move, let’s take a strategic look at the market together. I’ll help you identify the smartest timing, the strongest positioning, and the approach that delivers real results.
