Chicagoland Market Update
Median Home Prices on the Rise
If you're watching the Chicagoland real estate market closely, here's a stat worth noting—according to the latest data from MRED (Midwest Real Estate Data), the median price of homes sold in the past week has seen an uptick.
This increase signals continued buyer demand in the region as we move into the spring. With inventory levels still tight in many suburban and city neighborhoods, competition remains strong—especially for well-priced, move-in-ready homes. Sellers are benefiting from multiple-offer scenarios, while buyers are needing to move quickly and strategically.
What does this mean for you?
If you're thinking about listing your home, now might be the time to act. Buyers are motivated, and pricing momentum is working in sellers' favor. On the flip side, buyers should be prepared—get pre-approved, work with a local expert, and stay ready to act when the right opportunity comes along.
As always, Chicagoland's real estate market is hyperlocal. Trends can vary greatly from Naperville to Logan Square, so it’s essential to work with someone who understands your specific neighborhood.
Want a more personalized market snapshot for your area? Let’s talk. PMI Service Group can discuss options available to you for either selling or keeping your home, turning it into an income producing asset.
