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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: ▲314619 USD (+0.7034%)

▲321093 USD

▲344846 USD

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 314619 USD on 2024-07-08. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Chicago" area is 344846 USD by 2029-07-31. For a 5-year investment the profit is expected to be around +9.61% meaning that investing 100000 USD today may yield a profit of 109610 USD by 2029.

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Current Median Listing Price: 314619 USD

Median Listing Price Per Square Foot: 175 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 City Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

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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 City (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2028-2028

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Detailed Trend Components of the Chicago Property Price Forecast and Prognosis

Detailed Data for the Chicago City Real Estate Forecast Charts of the Upcoming Months and Year

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14 Years Historical Data

Date	Opening price	Closing price	Minimum price	Maximum price
2023	Open: 298570	Close: 309260	Low: 298570	High: 309260
2022	Open: 292580	Close: 298090	Low: 292580	High: 310270
2021	Open: 266470	Close: 290410	Low: 266470	High: 290410
2020	Open: 242630	Close: 262430	Low: 242630	High: 262430
2019	Open: 234690	Close: 240340	Low: 234690	High: 240340
2018	Open: 223930	Close: 233990	Low: 223930	High: 233990
2017	Open: 208140	Close: 221500	Low: 208140	High: 221500
2016	Open: 194760	Close: 206350	Low: 194760	High: 206350
2015	Open: 182490	Close: 193210	Low: 182480	High: 193210
2014	Open: 166400	Close: 181770	Low: 166400	High: 181770
2013	Open: 142640	Close: 164760	Low: 142640	High: 164760
2012	Open: 144590	Close: 142100	Low: 140980	High: 144590
2011	Open: 158620	Close: 145760	Low: 145760	High: 158620
2010	Open: 173650	Close: 160700	Low: 160700	High: 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 314619 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 175 USD.

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

Yes. The Chicago home prices may rise from 314619 USD to 321093 USD in one year.

Is it profitable to invest in Chicago homes?

Yes. The long-term profit potential is +2.06% 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 344846 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 decrease in the next 12 months.

Median home values increased by 1.733% to 314619 USD, between 2023-06-30 and 2024-06-30

The average annual profit of property investment was:

2.407% in 2019
8.161% in 2020
8.984% in 2021
1.883% in 2022
5.375% in 2023
0.000001% in 2024

Based on our Chicago City real estate market research and report the predicted sales prices will increase by 17.157% 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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Link to this PRoperty Price Prediction:
<a href="https://walletinvestor.com/real-estate-forecast/il/cook/chicago-housing-market">Chicago Forecast</a>

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 negative trend in the near future and buying a house in Chicago is not a good investment for making profit. All the above imply a negative outlook for the Chicago city property market, and we recommend looking for other cities instead to build a real estate portfolio in Chicago. Flipping houses for profit in bearish markets is always harder so you might want to avoid these problematic cities if you are not a veteran. 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.

	Date	Average price	Minimum price	Maximum price
Chicago Housing Market Forecast with Real Estate Prices for 2024	August 2024	Open: 313681	Min: 275411	Max: 351980
Chicago Housing Market Forecast with Real Estate Prices for 2024	September 2024	Open: 313861	Min: 276334	Max: 352641
Chicago Housing Market Forecast with Real Estate Prices for 2024	October 2024	Open: 314281	Min: 275977	Max: 354880
Chicago Housing Market Forecast with Real Estate Prices for 2024	November 2024	Open: 314872	Min: 274932	Max: 354944
Chicago Housing Market Forecast with Real Estate Prices for 2024	December 2024	Open: 315722	Min: 277210	Max: 353837
Chicago Housing Market Forecast with Real Estate Prices for 2025	January 2025	Open: 316017	Min: 274612	Max: 356286
Chicago Housing Market Forecast with Real Estate Prices for 2025	February 2025	Open: 316657	Min: 275480	Max: 354933
Chicago Housing Market Forecast with Real Estate Prices for 2025	March 2025	Open: 317886	Min: 277625	Max: 358747
Chicago Housing Market Forecast with Real Estate Prices for 2025	April 2025	Open: 318986	Min: 277938	Max: 358333
Chicago Housing Market Forecast with Real Estate Prices for 2025	May 2025	Open: 319919	Min: 281438	Max: 359502
Chicago Housing Market Forecast with Real Estate Prices for 2025	June 2025	Open: 320567	Min: 278175	Max: 359790
Chicago Housing Market Forecast with Real Estate Prices for 2025	July 2025	Open: 321093	Min: 284291	Max: 357890
Chicago Housing Market Forecast with Real Estate Prices for 2025	August 2025	Open: 319552	Min: 279917	Max: 360204
Chicago Housing Market Forecast with Real Estate Prices for 2025	September 2025	Open: 319820	Min: 280411	Max: 360211
Chicago Housing Market Forecast with Real Estate Prices for 2025	October 2025	Open: 320251	Min: 280300	Max: 358908
Chicago Housing Market Forecast with Real Estate Prices for 2025	November 2025	Open: 320860	Min: 280417	Max: 362052
Chicago Housing Market Forecast with Real Estate Prices for 2025	December 2025	Open: 321639	Min: 281237	Max: 361020
Chicago Housing Market Forecast with Real Estate Prices for 2026	January 2026	Open: 321794	Min: 284409	Max: 360506
Chicago Housing Market Forecast with Real Estate Prices for 2026	February 2026	Open: 322706	Min: 283375	Max: 361174
Chicago Housing Market Forecast with Real Estate Prices for 2026	March 2026	Open: 323837	Min: 282239	Max: 363508
Chicago Housing Market Forecast with Real Estate Prices for 2026	April 2026	Open: 324916	Min: 286923	Max: 364067
Chicago Housing Market Forecast with Real Estate Prices for 2026	May 2026	Open: 325810	Min: 286510	Max: 367154
Chicago Housing Market Forecast with Real Estate Prices for 2026	June 2026	Open: 326514	Min: 284815	Max: 363003
Chicago Housing Market Forecast with Real Estate Prices for 2026	July 2026	Open: 327053	Min: 287464	Max: 367542
Chicago Housing Market Forecast with Real Estate Prices for 2026	August 2026	Open: 325424	Min: 286326	Max: 361673
Chicago Housing Market Forecast with Real Estate Prices for 2026	September 2026	Open: 325782	Min: 287249	Max: 367299
Chicago Housing Market Forecast with Real Estate Prices for 2026	October 2026	Open: 326221	Min: 288307	Max: 366116
Chicago Housing Market Forecast with Real Estate Prices for 2026	November 2026	Open: 326847	Min: 285172	Max: 367646
Chicago Housing Market Forecast with Real Estate Prices for 2026	December 2026	Open: 327553	Min: 286578	Max: 366254
Chicago Housing Market Forecast with Real Estate Prices for 2027	January 2027	Open: 327571	Min: 288240	Max: 368711
Chicago Housing Market Forecast with Real Estate Prices for 2027	February 2027	Open: 328757	Min: 291839	Max: 366532
Chicago Housing Market Forecast with Real Estate Prices for 2027	March 2027	Open: 329786	Min: 292510	Max: 370693
Chicago Housing Market Forecast with Real Estate Prices for 2027	April 2027	Open: 330844	Min: 290911	Max: 371082
Chicago Housing Market Forecast with Real Estate Prices for 2027	May 2027	Open: 331701	Min: 293469	Max: 370754
Chicago Housing Market Forecast with Real Estate Prices for 2027	June 2027	Open: 332462	Min: 293936	Max: 370092
Chicago Housing Market Forecast with Real Estate Prices for 2027	July 2027	Open: 333013	Min: 297042	Max: 370127
Chicago Housing Market Forecast with Real Estate Prices for 2027	August 2027	Open: 331297	Min: 292230	Max: 372966
Chicago Housing Market Forecast with Real Estate Prices for 2027	September 2027	Open: 331745	Min: 291469	Max: 370856
Chicago Housing Market Forecast with Real Estate Prices for 2027	October 2027	Open: 332192	Min: 291372	Max: 374028
Chicago Housing Market Forecast with Real Estate Prices for 2027	November 2027	Open: 332833	Min: 295800	Max: 374336
Chicago Housing Market Forecast with Real Estate Prices for 2027	December 2027	Open: 333464	Min: 294069	Max: 371509
Chicago Housing Market Forecast with Real Estate Prices for 2028	January 2028	Open: 333350	Min: 292506	Max: 373618
Chicago Housing Market Forecast with Real Estate Prices for 2028	February 2028	Open: 334364	Min: 293238	Max: 375652
Chicago Housing Market Forecast with Real Estate Prices for 2028	March 2028	Open: 335686	Min: 297796	Max: 374733
Chicago Housing Market Forecast with Real Estate Prices for 2028	April 2028	Open: 336807	Min: 298124	Max: 376023
Chicago Housing Market Forecast with Real Estate Prices for 2028	May 2028	Open: 337780	Min: 296136	Max: 375028
Chicago Housing Market Forecast with Real Estate Prices for 2028	June 2028	Open: 338372	Min: 296287	Max: 375828
Chicago Housing Market Forecast with Real Estate Prices for 2028	July 2028	Open: 338884	Min: 300872	Max: 377374
Chicago Housing Market Forecast with Real Estate Prices for 2028	August 2028	Open: 337433	Min: 302153	Max: 380482
Chicago Housing Market Forecast with Real Estate Prices for 2028	September 2028	Open: 337613	Min: 302050	Max: 377547
Chicago Housing Market Forecast with Real Estate Prices for 2028	October 2028	Open: 338034	Min: 297769	Max: 375281
Chicago Housing Market Forecast with Real Estate Prices for 2028	November 2028	Open: 338625	Min: 301575	Max: 375432
Chicago Housing Market Forecast with Real Estate Prices for 2028	December 2028	Open: 339475	Min: 299714	Max: 377721
Chicago Housing Market Forecast with Real Estate Prices for 2029	January 2029	Open: 339770	Min: 303430	Max: 380016
Chicago Housing Market Forecast with Real Estate Prices for 2029	February 2029	Open: 340410	Min: 299911	Max: 379468
Chicago Housing Market Forecast with Real Estate Prices for 2029	March 2029	Open: 341638	Min: 302170	Max: 381981
Chicago Housing Market Forecast with Real Estate Prices for 2029	April 2029	Open: 342738	Min: 306262	Max: 381235
Chicago Housing Market Forecast with Real Estate Prices for 2029	May 2029	Open: 343672	Min: 304798	Max: 380154
Chicago Housing Market Forecast with Real Estate Prices for 2029	June 2029	Open: 344320	Min: 305508	Max: 380353
Chicago Housing Market Forecast with Real Estate Prices for 2029	July 2029	Open: 344846	Min: 307663	Max: 382855
Chicago Housing Market Forecast with Real Estate Prices for 2029	August 2029	Open: 343305	Min: 303510	Max: 380485
Chicago Housing Market Forecast with Real Estate Prices for 2029	September 2029	Open: 343573	Min: 304271	Max: 381325
Chicago Housing Market Forecast with Real Estate Prices for 2029	October 2029	Open: 344004	Min: 304212	Max: 383798
Chicago Housing Market Forecast with Real Estate Prices for 2029	November 2029	Open: 344613	Min: 305997	Max: 383619
Chicago Housing Market Forecast with Real Estate Prices for 2029	December 2029	Open: 345392	Min: 308447	Max: 387140
Chicago Housing Market Forecast with Real Estate Prices for 2030	January 2030	Open: 345547	Min: 310153	Max: 386060
Chicago Housing Market Forecast with Real Estate Prices for 2030	February 2030	Open: 346459	Min: 305936	Max: 385587
Chicago Housing Market Forecast with Real Estate Prices for 2030	March 2030	Open: 347589	Min: 312115	Max: 386031
Chicago Housing Market Forecast with Real Estate Prices for 2030	April 2030	Open: 348668	Min: 307418	Max: 386856
Chicago Housing Market Forecast with Real Estate Prices for 2030	May 2030	Open: 349563	Min: 310073	Max: 385028
Chicago Housing Market Forecast with Real Estate Prices for 2030	June 2030	Open: 350267	Min: 308557	Max: 385860
Chicago Housing Market Forecast with Real Estate Prices for 2030	July 2030	Open: 350806	Min: 312495	Max: 388949
Chicago Housing Market Forecast with Real Estate Prices for 2030	August 2030	Open: 349177	Min: 312197	Max: 390332
Chicago Housing Market Forecast with Real Estate Prices for 2030	September 2030	Open: 349534	Min: 306922	Max: 389419
Chicago Housing Market Forecast with Real Estate Prices for 2030	October 2030	Open: 349974	Min: 312391	Max: 391615
Chicago Housing Market Forecast with Real Estate Prices for 2030	November 2030	Open: 350600	Min: 312666	Max: 390358
Chicago Housing Market Forecast with Real Estate Prices for 2030	December 2030	Open: 351306	Min: 310084	Max: 390215
Chicago Housing Market Forecast with Real Estate Prices for 2031	January 2031	Open: 351324	Min: 309053	Max: 394803
Chicago Housing Market Forecast with Real Estate Prices for 2031	February 2031	Open: 352510	Min: 312062	Max: 390904
Chicago Housing Market Forecast with Real Estate Prices for 2031	March 2031	Open: 353539	Min: 311532	Max: 394132
Chicago Housing Market Forecast with Real Estate Prices for 2031	April 2031	Open: 354597	Min: 315929	Max: 396918
Chicago Housing Market Forecast with Real Estate Prices for 2031	May 2031	Open: 355454	Min: 318076	Max: 395907
Chicago Housing Market Forecast with Real Estate Prices for 2031	June 2031	Open: 356215	Min: 316723	Max: 398161
Chicago Housing Market Forecast with Real Estate Prices for 2031	July 2031	Open: 356766	Min: 316865	Max: 396385
Chicago Housing Market Forecast with Real Estate Prices for 2031	August 2031	Open: 355050	Min: 314559	Max: 397212
Chicago Housing Market Forecast with Real Estate Prices for 2031	September 2031	Open: 355497	Min: 315996	Max: 394891
Chicago Housing Market Forecast with Real Estate Prices for 2031	October 2031	Open: 355944	Min: 316809	Max: 394947
Chicago Housing Market Forecast with Real Estate Prices for 2031	November 2031	Open: 356585	Min: 319585	Max: 395587
Chicago Housing Market Forecast with Real Estate Prices for 2031	December 2031	Open: 357217	Min: 319142	Max: 397107
Chicago Housing Market Forecast with Real Estate Prices for 2032	January 2032	Open: 357103	Min: 320069	Max: 397943
Chicago Housing Market Forecast with Real Estate Prices for 2032	February 2032	Open: 358116	Min: 319648	Max: 399050
Chicago Housing Market Forecast with Real Estate Prices for 2032	March 2032	Open: 359439	Min: 320461	Max: 398110
Chicago Housing Market Forecast with Real Estate Prices for 2032	April 2032	Open: 360560	Min: 321726	Max: 398383
Chicago Housing Market Forecast with Real Estate Prices for 2032	May 2032	Open: 361533	Min: 325304	Max: 402177
Chicago Housing Market Forecast with Real Estate Prices for 2032	June 2032	Open: 362125	Min: 323953	Max: 398679
Chicago Housing Market Forecast with Real Estate Prices for 2032	July 2032	Open: 362637	Min: 324630	Max: 401172
Chicago Housing Market Forecast with Real Estate Prices for 2032	August 2032	Open: 361186	Min: 323970	Max: 399764
Chicago Housing Market Forecast with Real Estate Prices for 2032	September 2032	Open: 361366	Min: 324048	Max: 399880
Chicago Housing Market Forecast with Real Estate Prices for 2032	October 2032	Open: 361787	Min: 324952	Max: 401195
Chicago Housing Market Forecast with Real Estate Prices for 2032	November 2032	Open: 362377	Min: 323662	Max: 402816
Chicago Housing Market Forecast with Real Estate Prices for 2032	December 2032	Open: 363228	Min: 323945	Max: 403325
Chicago Housing Market Forecast with Real Estate Prices for 2033	January 2033	Open: 363523	Min: 322134	Max: 402378
Chicago Housing Market Forecast with Real Estate Prices for 2033	February 2033	Open: 364163	Min: 324198	Max: 404608
Chicago Housing Market Forecast with Real Estate Prices for 2033	March 2033	Open: 365391	Min: 325882	Max: 404826
Chicago Housing Market Forecast with Real Estate Prices for 2033	April 2033	Open: 366491	Min: 328797	Max: 404926
Chicago Housing Market Forecast with Real Estate Prices for 2033	May 2033	Open: 367425	Min: 329378	Max: 405430
Chicago Housing Market Forecast with Real Estate Prices for 2033	June 2033	Open: 368072	Min: 327051	Max: 407570
Chicago Housing Market Forecast with Real Estate Prices for 2033	July 2033	Open: 368599	Min: 328577	Max: 409221

> Page 2: detailed data / housing market forecast table <

Short-term and long-term Chicago (Illinois State) housing market predictions may be different due to the different analyzed time series.

Predictions, Comments & Questions

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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?

* Our real estate forecasts and predictions are made by Machine Learning & Ai, and shouldn't been used for financial decisions. We can't guarantee any profit.