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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: ▲253945 USD (+0.116%)

Current Price
▲253945 USD
1-Year Forecast *
▲256931 USD
5-Year Forecast *
▲267336 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 253945 USD on 2023-07-14. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Chicago" area is 267336 USD by 2028-07-31. For a 5-year investment the profit is expected to be around +5.27% meaning that investing 100000 USD today may yield a profit of 105270 USD by 2028.
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Current Median Listing Price: 253945 USD
Median Listing Price Per Square Foot: 141 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

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14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2022Open: 251199Close: 252042Low: 250974High: 252042
2021Open: 248298Close: 250815Low: 248074High: 250815
2020Open: 248460Close: 247831Low: 243882High: 249948
2019Open: 248470Close: 248320Low: 248040High: 249160
2018Open: 243230Close: 248980Low: 243230High: 248980
2017Open: 230780Close: 241530Low: 230780High: 241530
2016Open: 216060Close: 229450Low: 216060High: 229450
2015Open: 206750Close: 214850Low: 206750High: 214850
2014Open: 195810Close: 206180Low: 195810High: 206180
2013Open: 175150Close: 195370Low: 175150High: 195370
2012Open: 176640Close: 173340Low: 169750High: 176640
2011Open: 196340Close: 177770Low: 177770High: 196340
2010Open: 218310Close: 198480Low: 198480High: 218530
2009Open: 247140Close: 219580Low: 219250High: 247140

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 253945 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 141 USD.

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

Yes. The Chicago home prices may rise from 253945 USD to 256931 USD in one year.

Is it profitable to invest in Chicago homes?

Yes. The long-term profit potential is +1.18% in one year.

Will Chicago house prices fall / drop?

No. See above.

What is the predicted price of a Chicago home in 2028?

The predicted home sales price of a Chicago home in 2028 in Chicago City is 267336 USD.

What is the predicted price of a Chicago home in 2033?

The predicted home sales price of a Chicago home in 2033 in Chicago City is 278126 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 0.872% to 253945 USD, between 2022-06-30 and 2023-06-30

The average annual profit of property investment was:

  • 2.364% in 2018
  • -0.06037% in 2019
  • -0.253% in 2020
  • 1.014% in 2021
  • 1.093% in 2022
  • 0.000001% in 2023

Based on our Chicago City real estate market research and report the predicted sales prices will increase by 9.522% in the next 10 years.

Over the last 12 months, the value of homes in Chicago City fluctuated: increasing 11 times and decreasing 1 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.
DateAverage priceMinimum priceMaximum price
Chicago Housing Market Forecast with Real Estate Prices for 2023August 2023Open: 254609Min: 208075Max: 297678
Chicago Housing Market Forecast with Real Estate Prices for 2023September 2023Open: 255009Min: 208124Max: 301578
Chicago Housing Market Forecast with Real Estate Prices for 2023October 2023Open: 255300Min: 207026Max: 302139
Chicago Housing Market Forecast with Real Estate Prices for 2023November 2023Open: 255704Min: 207043Max: 299396
Chicago Housing Market Forecast with Real Estate Prices for 2023December 2023Open: 255978Min: 210996Max: 301427
Chicago Housing Market Forecast with Real Estate Prices for 2024January 2024Open: 256273Min: 212446Max: 302139
Chicago Housing Market Forecast with Real Estate Prices for 2024February 2024Open: 256643Min: 207418Max: 302947
Chicago Housing Market Forecast with Real Estate Prices for 2024March 2024Open: 256894Min: 208871Max: 302513
Chicago Housing Market Forecast with Real Estate Prices for 2024April 2024Open: 256098Min: 208467Max: 303147
Chicago Housing Market Forecast with Real Estate Prices for 2024May 2024Open: 256246Min: 212001Max: 304220
Chicago Housing Market Forecast with Real Estate Prices for 2024June 2024Open: 256493Min: 208939Max: 301589
Chicago Housing Market Forecast with Real Estate Prices for 2024July 2024Open: 256931Min: 208488Max: 297983
Chicago Housing Market Forecast with Real Estate Prices for 2024August 2024Open: 257315Min: 211404Max: 301713
Chicago Housing Market Forecast with Real Estate Prices for 2024September 2024Open: 257533Min: 210984Max: 306429
Chicago Housing Market Forecast with Real Estate Prices for 2024October 2024Open: 257918Min: 207754Max: 306764
Chicago Housing Market Forecast with Real Estate Prices for 2024November 2024Open: 258197Min: 211364Max: 303923
Chicago Housing Market Forecast with Real Estate Prices for 2024December 2024Open: 258628Min: 212520Max: 306212
Chicago Housing Market Forecast with Real Estate Prices for 2025January 2025Open: 259149Min: 213151Max: 304685
Chicago Housing Market Forecast with Real Estate Prices for 2025February 2025Open: 259324Min: 215077Max: 305698
Chicago Housing Market Forecast with Real Estate Prices for 2025March 2025Open: 259488Min: 211501Max: 305615
Chicago Housing Market Forecast with Real Estate Prices for 2025April 2025Open: 258713Min: 212685Max: 303127
Chicago Housing Market Forecast with Real Estate Prices for 2025May 2025Open: 258818Min: 212357Max: 303573
Chicago Housing Market Forecast with Real Estate Prices for 2025June 2025Open: 259112Min: 212682Max: 306666
Chicago Housing Market Forecast with Real Estate Prices for 2025July 2025Open: 259523Min: 213311Max: 306262
Chicago Housing Market Forecast with Real Estate Prices for 2025August 2025Open: 259881Min: 214106Max: 304984
Chicago Housing Market Forecast with Real Estate Prices for 2025September 2025Open: 260160Min: 212153Max: 305024
Chicago Housing Market Forecast with Real Estate Prices for 2025October 2025Open: 260513Min: 215742Max: 311380
Chicago Housing Market Forecast with Real Estate Prices for 2025November 2025Open: 260835Min: 213671Max: 307061
Chicago Housing Market Forecast with Real Estate Prices for 2025December 2025Open: 261214Min: 216740Max: 306805
Chicago Housing Market Forecast with Real Estate Prices for 2026January 2026Open: 261658Min: 217702Max: 310934
Chicago Housing Market Forecast with Real Estate Prices for 2026February 2026Open: 262006Min: 215005Max: 307433
Chicago Housing Market Forecast with Real Estate Prices for 2026March 2026Open: 262081Min: 217272Max: 307530
Chicago Housing Market Forecast with Real Estate Prices for 2026April 2026Open: 261328Min: 215632Max: 308687
Chicago Housing Market Forecast with Real Estate Prices for 2026May 2026Open: 261390Min: 213216Max: 309455
Chicago Housing Market Forecast with Real Estate Prices for 2026June 2026Open: 261732Min: 215076Max: 309961
Chicago Housing Market Forecast with Real Estate Prices for 2026July 2026Open: 262114Min: 213027Max: 308690
Chicago Housing Market Forecast with Real Estate Prices for 2026August 2026Open: 262447Min: 217214Max: 307662
Chicago Housing Market Forecast with Real Estate Prices for 2026September 2026Open: 262787Min: 215066Max: 307270
Chicago Housing Market Forecast with Real Estate Prices for 2026October 2026Open: 263109Min: 214032Max: 307489
Chicago Housing Market Forecast with Real Estate Prices for 2026November 2026Open: 263473Min: 217713Max: 310261
Chicago Housing Market Forecast with Real Estate Prices for 2026December 2026Open: 263799Min: 219033Max: 312653
Chicago Housing Market Forecast with Real Estate Prices for 2027January 2027Open: 264168Min: 218502Max: 311351
Chicago Housing Market Forecast with Real Estate Prices for 2027February 2027Open: 264688Min: 215666Max: 308366
Chicago Housing Market Forecast with Real Estate Prices for 2027March 2027Open: 264673Min: 213242Max: 309796
Chicago Housing Market Forecast with Real Estate Prices for 2027April 2027Open: 263943Min: 220328Max: 314957
Chicago Housing Market Forecast with Real Estate Prices for 2027May 2027Open: 263963Min: 218630Max: 311009
Chicago Housing Market Forecast with Real Estate Prices for 2027June 2027Open: 264351Min: 219108Max: 310480
Chicago Housing Market Forecast with Real Estate Prices for 2027July 2027Open: 264704Min: 220722Max: 313785
Chicago Housing Market Forecast with Real Estate Prices for 2027August 2027Open: 265014Min: 218901Max: 311557
Chicago Housing Market Forecast with Real Estate Prices for 2027September 2027Open: 265414Min: 221332Max: 312483
Chicago Housing Market Forecast with Real Estate Prices for 2027October 2027Open: 265706Min: 218468Max: 314465
Chicago Housing Market Forecast with Real Estate Prices for 2027November 2027Open: 266110Min: 218856Max: 313355
Chicago Housing Market Forecast with Real Estate Prices for 2027December 2027Open: 266383Min: 221977Max: 312684
Chicago Housing Market Forecast with Real Estate Prices for 2028January 2028Open: 266679Min: 221683Max: 315438
Chicago Housing Market Forecast with Real Estate Prices for 2028February 2028Open: 267048Min: 225945Max: 310951
Chicago Housing Market Forecast with Real Estate Prices for 2028March 2028Open: 267299Min: 225070Max: 314119
Chicago Housing Market Forecast with Real Estate Prices for 2028April 2028Open: 266503Min: 222354Max: 313195
Chicago Housing Market Forecast with Real Estate Prices for 2028May 2028Open: 266651Min: 221037Max: 317420
Chicago Housing Market Forecast with Real Estate Prices for 2028June 2028Open: 266899Min: 225365Max: 312947
Chicago Housing Market Forecast with Real Estate Prices for 2028July 2028Open: 267336Min: 221940Max: 312666
Chicago Housing Market Forecast with Real Estate Prices for 2028August 2028Open: 267721Min: 222760Max: 309830
Chicago Housing Market Forecast with Real Estate Prices for 2028September 2028Open: 267939Min: 223304Max: 314829
Chicago Housing Market Forecast with Real Estate Prices for 2028October 2028Open: 268323Min: 221689Max: 315869
Chicago Housing Market Forecast with Real Estate Prices for 2028November 2028Open: 268602Min: 222665Max: 314273
Chicago Housing Market Forecast with Real Estate Prices for 2028December 2028Open: 269033Min: 220240Max: 311611
Chicago Housing Market Forecast with Real Estate Prices for 2029January 2029Open: 269555Min: 221764Max: 316669
Chicago Housing Market Forecast with Real Estate Prices for 2029February 2029Open: 269729Min: 223779Max: 314273
Chicago Housing Market Forecast with Real Estate Prices for 2029March 2029Open: 269893Min: 221207Max: 313385
Chicago Housing Market Forecast with Real Estate Prices for 2029April 2029Open: 269119Min: 222155Max: 314171
Chicago Housing Market Forecast with Real Estate Prices for 2029May 2029Open: 269224Min: 222381Max: 318230
Chicago Housing Market Forecast with Real Estate Prices for 2029June 2029Open: 269518Min: 222597Max: 315049
Chicago Housing Market Forecast with Real Estate Prices for 2029July 2029Open: 269928Min: 225584Max: 315361
Chicago Housing Market Forecast with Real Estate Prices for 2029August 2029Open: 270286Min: 223387Max: 312683
Chicago Housing Market Forecast with Real Estate Prices for 2029September 2029Open: 270565Min: 226372Max: 316459
Chicago Housing Market Forecast with Real Estate Prices for 2029October 2029Open: 270919Min: 229614Max: 320515
Chicago Housing Market Forecast with Real Estate Prices for 2029November 2029Open: 271241Min: 223773Max: 317584
Chicago Housing Market Forecast with Real Estate Prices for 2029December 2029Open: 271620Min: 225154Max: 317955
Chicago Housing Market Forecast with Real Estate Prices for 2030January 2030Open: 272064Min: 225180Max: 319116
Chicago Housing Market Forecast with Real Estate Prices for 2030February 2030Open: 272411Min: 227946Max: 319024
Chicago Housing Market Forecast with Real Estate Prices for 2030March 2030Open: 272486Min: 228226Max: 319794
Chicago Housing Market Forecast with Real Estate Prices for 2030April 2030Open: 271734Min: 224590Max: 319927
Chicago Housing Market Forecast with Real Estate Prices for 2030May 2030Open: 271796Min: 226337Max: 317817
Chicago Housing Market Forecast with Real Estate Prices for 2030June 2030Open: 272137Min: 226168Max: 317779
Chicago Housing Market Forecast with Real Estate Prices for 2030July 2030Open: 272519Min: 225235Max: 317425
Chicago Housing Market Forecast with Real Estate Prices for 2030August 2030Open: 272853Min: 225802Max: 315847
Chicago Housing Market Forecast with Real Estate Prices for 2030September 2030Open: 273192Min: 228711Max: 319262
Chicago Housing Market Forecast with Real Estate Prices for 2030October 2030Open: 273515Min: 225853Max: 318583
Chicago Housing Market Forecast with Real Estate Prices for 2030November 2030Open: 273878Min: 225877Max: 324854
Chicago Housing Market Forecast with Real Estate Prices for 2030December 2030Open: 274205Min: 229990Max: 321326
Chicago Housing Market Forecast with Real Estate Prices for 2031January 2031Open: 274573Min: 227828Max: 326063
Chicago Housing Market Forecast with Real Estate Prices for 2031February 2031Open: 275094Min: 225012Max: 323116
Chicago Housing Market Forecast with Real Estate Prices for 2031March 2031Open: 275078Min: 227179Max: 317599
Chicago Housing Market Forecast with Real Estate Prices for 2031April 2031Open: 274348Min: 230348Max: 319457
Chicago Housing Market Forecast with Real Estate Prices for 2031May 2031Open: 274368Min: 228029Max: 318004
Chicago Housing Market Forecast with Real Estate Prices for 2031June 2031Open: 274756Min: 227492Max: 318258
Chicago Housing Market Forecast with Real Estate Prices for 2031July 2031Open: 275110Min: 225721Max: 321663
Chicago Housing Market Forecast with Real Estate Prices for 2031August 2031Open: 275420Min: 228321Max: 321483
Chicago Housing Market Forecast with Real Estate Prices for 2031September 2031Open: 275820Min: 230419Max: 318967
Chicago Housing Market Forecast with Real Estate Prices for 2031October 2031Open: 276111Min: 226541Max: 323682
Chicago Housing Market Forecast with Real Estate Prices for 2031November 2031Open: 276515Min: 229419Max: 324864
Chicago Housing Market Forecast with Real Estate Prices for 2031December 2031Open: 276788Min: 230046Max: 326127
Chicago Housing Market Forecast with Real Estate Prices for 2032January 2032Open: 277084Min: 229065Max: 324373
Chicago Housing Market Forecast with Real Estate Prices for 2032February 2032Open: 277453Min: 231854Max: 327800
Chicago Housing Market Forecast with Real Estate Prices for 2032March 2032Open: 277705Min: 231993Max: 324786
Chicago Housing Market Forecast with Real Estate Prices for 2032April 2032Open: 276909Min: 231547Max: 322162
Chicago Housing Market Forecast with Real Estate Prices for 2032May 2032Open: 277057Min: 230371Max: 320393
Chicago Housing Market Forecast with Real Estate Prices for 2032June 2032Open: 277304Min: 230774Max: 326886
Chicago Housing Market Forecast with Real Estate Prices for 2032July 2032Open: 277742Min: 229247Max: 325380
Chicago Housing Market Forecast with Real Estate Prices for 2032August 2032Open: 278126Min: 231688Max: 323651
Short-term and long-term Chicago (Illinois State) housing market predictions may be different due to the different analyzed time series.
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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.