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Chicago

Chicago is a city unlike any other with the architectural marvels, world-class museums, dynamic entertainment, and award-winning dining scene you’d expect from one of the world’s greatest cities. It’s also more than just another big city with the welcoming residents, inclusive neighborhoods, and Midwestern soul that truly make Chicago a city that feels like home.

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429

Total Number of Projects

$349,833

SFD New Home List Price

$72,724

Median Household Income

16,007

Total Housing Permits

Market Health

Chicago's population is 9.5M, with a total workforce of 4.8M. The labor market lost 15,600 jobs over the past year, down by 0.3%. The median household income in Chicago is $72,952, 3.1% higher than last year and 15.5% above the national average of $63,179.In the housing market, total permits issued totaled 18,567 over the last twelve months, up 3.2% year-over-year. Chicago has 445 active new home projects on the market, 5.1% fewer than the 469 from last year. The average list price in the market is $362,267, 0.9% higher than last year and 12.7% above the national average. Over the last three months, new home contracts decreased by 7.3% to 1,317. Plainfield and Chicago had the highest concentration of the new home contracts in the Chicago market.

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November 6, 2020

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