A fast-paced urban setting with Midwestern charm, Chicago is known for its local flavors, renowned architecture and world-class cultural institutions. Sporting events bring out the city’s hometown pride in the winter, but locals flood the streets for outdoor festivals in the summer. There are currently 10,000 properties for sale in Chicago, where the median listing price is $299,900. The Zillow Home Value Index is $223,000. Home values have increased by 8.5 percent over the past year, and are expected to rise another 3.2 percent over the next 12 months. The median price per square foot in Chicago is $221. On average, homes for sale in Chicago stay on the market for 74 days and receive two offers. Chicago is the sixthth most walkable large city in the U.S., with a walk score of 78, a transit score of 65 and a bike score of 70. Chicago is home to approximately 2,695,598 people and 1,261,210 jobs.
The median age in Chicago is 33 while the median household income is $48,522 per year. Popular Chicago neighborhoods include Logan Square, Little Village, West Rogers Park, Albany Park, Archer Heights, Rogers Park, South Austin, Gresham and Lake View.
Chicago's waterfront of Lake Michigan offers a long stretch of parks and many popular attractions, including the Shedd Aquarium, Millennium Park, Navy Pier and the Alder Planetarium. Willis Tower is one of the tallest skyscrapers in the world and home to the glass balcony, which offers all-around views of the cityscape. Chicago is home to many popular neighborhoods, each with its own variety of bars and restaurants.
RealEstate.com serves as the ultimate resource for first-time home buyers, offering easy-to-understand tools and expert advice at every stage of the process. Use filters to narrow your search by price, budget, square feet, beds and baths to find homes that fit your criteria. Our Chicago real estate stats and trends will give you more information about home buying in Chicago.