Quarterly Trend Update

Written By Florence Hardy

In August 2022, Chicago home prices were down 4.4% compared to last year, selling for a median price of $325K. On average, homes in Chicago sell after 59 days on the market compared to 22 days last year. There were 2,672 homes sold in August this year, down from 3,316 last year.

In Jul '22 - Sep '22, 16% of Chicago homebuyers searched to move out of Chicago, while 84% looked to stay within the metropolitan area.

  • Which homebuyers are searching to move into Chicago?

  • Across the nation, 4% of homebuyers searched to move into Chicago from outside metros.

  • Denver homebuyers searched to move into Chicago more than any other metro followed by Minneapolis and Los Angeles.

  • Where are Chicago homebuyers searching to move to?

  • 84% of Chicago homebuyers searched to stay within the Chicago metropolitan area.

  • Los Angeles was the most popular destination among Chicago homebuyers followed by Milwaukee and Miami.

Info from Redfin

Florence Hardy
Previous

Back in Black
Next

Skandinavisk Stil är överlägsen