This Windy City has Willis Tower, historic Wrigley Field, and delicious pizza. The bustling metropolis contrasts with its more traditional suburban landscape.

-15,600

Jobs Created
-.3%

$72,952

Median Household Income
3.1%

18,567

Total Housing Permits
3.2%

445

Total Number of Projects
-5.1%

$362,267

SFD New Home List Price
.9%

0

New Home Sales
-7.3%
Monthly

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.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal

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