Veterans United in Chicago-Naperville-Elgin, IL in the IL, IN metro area

The Chicago housing market in September has strengthened compared to last year with the median home price around $392,500 — up 4.1% from last year. Homes for sale in Chicago^* now spend an average of 35 days on the market, and nearly 36% sell below asking price, giving buyers more negotiating power.

Just a few of the 829,841 Veterans we've helped get into homes. 10,065 Veterans in the Chicago-Naperville-Elgin, IL-IN area alone!

Based on Veterans United and Veterans United Realty's internal data.

Fred E. | U.S. Navy
Myles H. | U.S. Marine Corps
Patrick T. | U.S. Navy
Rico R. | U.S. Army
Roosevelt L. | U.S. Marine Corps
Steven S. | U.S. Navy
Teza S. | U.S. Army

Chicago Metro Housing Market in August 2026

Median Days on Market

35 days

Homes are staying on the market 6.15% longer than last month.

Average Listing Price

$925,733

Average home prices are down 29.55% since last month.

Active Listings

14,609 homes

Number of houses on the market are up 5.79% since last month.

Last updated 08-17-2026 Data source: Realtor.com® Economic Research

Check out homes available in the Chicago area right now!

View on Homefront.com

Homes in the Chicago region sell at a moderate pace.

36% of listings reduced price last month.

10,056

New listings

Up 2.4% from last month

14,609

Active listings

Up 5.8% from last month

VA Loan Market Share

3.7% of originations last year were VA loans.

3,398

Sold last year

1/27

Were VA loans

Chicago Area

Own vs Rent Trends

A higher share of owner-occupied homes often reflects stronger long-term ties to the community, since homeowners are more likely to stay in one place and invest in their neighborhoods. By contrast, areas with a larger renter population may be more transient, offering flexibility but sometimes less stability in housing markets.

It could also be an indication of market health, as affordable markets often have higher owner-occupancy rates.

Start building equity for yourself today

71% Homes are owner-occupied
29% Homes are rented

Chicago Metro Home Affordability

How does Chicago compare nationally?

Chicago median listing price

$392,500

Down 0.5% from last month

VS.

National median listing price

$428,950

Down 0.2% from last month

The home listing price-to-income ratio in the Chicago area is 4.5

The ratio compares how expensive homes are in Chicago relative to household income. A higher ratio means homes cost more compared to what people earn.

A healthy price-to-income ratio is generally around 3 times your household's annual income (or less), but higher ratios can be sustainable depending on your rate, DTI, and more.

Median Home Prices by Neighborhood in the Chicago Region

This section breaks down median home prices by neighborhood. Use these insights to see where housing costs trend higher or lower, and to better understand the market at the zip code level.

The Chicago metro median income is $87,071.

Explore Chicago Area Neighborhoods

See how median home prices in individual Chicago neighborhoods compare to the overall metro median.

Let’s see what you can buy

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Zipcode	46301	46304	46341	46347	46368	46383	46385	46393	46303	46307	46311	46312	46319	46320	46321	46322	46323	46324	46327	46342	46356	46373	46375	46394	46402	46403	46404	46405	46406	46407	46408	46409	46410	60002	60010	60015	60020	60030	60031	60035	60040	60041	60042	60044	60045	60046	60047	60048	60060	60061	60064	60069	60073	60083	60084	60085	60087	60089	60096	60099	46310	46392	47943	47977	47978	46349	46379	47922	47948	47951	47963	47964	60004	60005	60007	60008	60016	60018	60022	60025	60026	60043	60053	60056	60062	60067	60068	60070	60074	60076	60077	60090	60091	60093	60104	60107	60130	60131	60133	60153	60154	60155	60160	60162	60163	60164	60165	60169	60171	60173	60176	60192	60193	60194	60195	60196	60201	60202	60203	60301	60302	60304	60305	60402	60406	60409	60411	60415	60418	60419	60422	60425	60426	60428	60429	60430	60438	60439	60443	60445	60452	60453	60455	60456	60457	60458	60459	60461	60462	60463	60464	60465	60466	60467	60469	60471	60472	60473	60475	60476	60477	60478	60480	60482	60487	60501	60513	60525	60526	60534	60546	60558	60601	60602	60603	60604	60605	60606	60607	60608	60609	60610	60611	60612	60613	60614	60615	60616	60617	60618	60619	60620	60621	60622	60623	60624	60625	60626	60628	60629	60630	60631	60632	60633	60634	60636	60637	60638	60639	60640	60641	60642	60643	60644	60645	60646	60647	60649	60651	60652	60653	60654	60655	60656	60657	60659	60660	60661	60706	60707	60712	60714	60803	60804	60805	60827	60012	60013	60014	60021	60033	60034	60050	60051	60071	60072	60081	60097	60098	60102	60142	60152	60156	60180	60101	60103	60106	60108	60126	60137	60139	60143	60148	60157	60172	60181	60184	60185	60187	60188	60189	60190	60191	60502	60504	60514	60515	60516	60517	60521	60523	60527	60532	60540	60555	60559	60561	60563	60565	60110	60118	60119	60120	60123	60124	60134	60136	60140	60151	60174	60175	60177	60505	60506	60510	60511	60542	60554	60111	60112	60115	60129	60135	60145	60146	60150	60178	60520	60548	60550	60552	60556	60401	60403	60404	60408	60410	60417	60421	60423	60431	60432	60433	60435	60436	60440	60441	60442	60446	60448	60449	60451	60468	60481	60484	60490	60491	60503	60544	60564	60585	60586	60407	60416	60424	60444	60447	60450	60474	60479	60512	60537	60538	60541	60543	60545	60560
Median home price	$1,280,000	$440,000	$328,725	$577,400	$318,750	$398,250	$520,450	$145,500	$435,675	$404,717	$477,474	$133,150	$270,674	$207,000	$391,975	$273,100	$199,450	$216,175	$179,000	$278,644	$370,101	$660,425	$352,250	$246,225	$74,675	$207,225	$133,700	$204,950	$123,675	$62,500	$139,925	$99,900	$267,000	$422,075	$888,225	$751,225	$297,400	$361,200	$417,975	$930,000	$657,500	$385,000	$334,925	$666,250	$2,165,750	$372,500	$890,425	$731,225	$425,747	$477,000	$254,675	$708,700	$319,975	$514,900	$432,500	$265,000	$314,900	$499,700	$359,225	$289,950	$382,050	$404,675	$389,900	$377,500	$299,225	$409,900	$155,000	$208,650	$247,700	$189,850	$187,450	$259,900	$509,724	$478,100	$412,000	$299,500	$330,000	$526,000	$2,637,500	$681,250	$820,500	$2,808,750	$479,950	$493,000	$676,250	$499,836	$696,750	$398,925	$356,950	$506,950	$376,150	$324,900	$892,250	$2,329,700	$272,424	$347,500	$321,725	$408,225	$349,200	$318,749	$399,000	$286,950	$417,650	$344,925	$357,500	$336,475	$449,950	$376,500	$365,950	$484,725	$387,725	$589,000	$390,725	$418,063	$531,725	$600,390	$472,375	$432,500	$524,000	$368,475	$318,725	$457,500	$694,700	$374,475	$236,000	$174,225	$206,250	$202,497	$259,450	$178,175	$322,675	$227,000	$158,700	$185,000	$192,500	$243,500	$199,950	$687,636	$272,650	$252,475	$334,175	$259,475	$341,425	$258,175	$399,900	$320,000	$369,343	$394,050	$375,750	$378,700	$592,250	$269,450	$160,475	$549,950	$270,500	$247,850	$107,400	$242,000	$195,620	$239,999	$342,225	$225,000	$499,000	$352,250	$426,000	$357,350	$435,950	$509,750	$509,725	$356,975	$536,339	$1,141,250	$561,250	$605,000	$590,225	$855,225	$412,450	$346,500	$548,500	$398,000	$277,475	$462,500	$597,125	$354,950	$369,975	$832,000	$307,450	$349,950	$240,000	$650,000	$240,625	$282,000	$147,250	$699,950	$294,250	$226,750	$404,750	$281,250	$173,700	$308,750	$552,425	$528,425	$329,900	$225,250	$499,125	$228,449	$288,000	$387,000	$450,000	$329,975	$514,450	$717,750	$302,499	$396,950	$324,500	$594,000	$652,500	$162,950	$398,000	$325,000	$354,950	$480,000	$391,825	$476,250	$652,250	$316,250	$266,000	$398,438	$471,000	$379,675	$702,200	$411,175	$274,975	$300,000	$344,350	$152,500	$463,750	$426,950	$420,000	$397,425	$344,925	$289,750	$369,900	$458,508	$643,675	$1,499,000	$587,175	$316,720	$437,480	$485,000	$445,675	$390,700	$426,225	$373,675	$454,900	$444,500	$401,975	$471,250	$697,000	$643,225	$329,975	$497,000	$417,450	$634,949	$418,725	$404,700	$1,549,000	$589,876	$597,500	$359,475	$424,900	$485,000	$402,225	$514,450	$418,495	$669,125	$612,500	$512,450	$458,000	$1,586,750	$1,199,000	$857,500	$311,750	$725,950	$379,450	$420,725	$434,500	$592,000	$623,750	$325,000	$443,725	$568,725	$339,900	$313,750	$570,995	$589,900	$467,250	$399,900	$590,950	$567,444	$862,450	$399,968	$258,750	$340,000	$480,644	$1,237,250	$483,725	$519,950	$4,075,000	$367,220	$349,950	$319,000	$364,900	$369,450	$259,950	$232,400	$439,960	$342,748	$414,950	$245,725	$364,900	$334,974	$354,748	$301,200	$480,000	$325,450	$452,475	$335,000	$481,150	$639,500	$384,950	$273,725	$212,450	$299,850	$278,550	$357,425	$413,200	$440,744	$324,325	$469,700	$432,400	$483,702	$388,975	$251,100	$173,125	$599,975	$593,370	$463,675	$398,124	$667,000	$630,000	$419,975	$165,000	$364,750	$251,225	$315,000	$399,974	$374,925	$120,000	$569,900	$517,500	$375,000	$336,000	$699,750	$494,948	$372,425	$444,998

Historical Housing Trends in the Chicago Metro

Median Listing Price
Active Listing Count

Listing Price & Inventory

View this chart to learn about the median listing price and the number of active listings in Chicago over time.

Month	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023	Dec 2023	Jan 2024	Feb 2024	Mar 2024	Apr 2024	May 2024	Jun 2024	Jul 2024	Aug 2024	Sep 2024	Oct 2024	Nov 2024	Dec 2024	Jan 2025	Feb 2025	Mar 2025	Apr 2025	May 2025	Jun 2025	Jul 2025	Aug 2025	Sep 2025	Oct 2025	Nov 2025	Dec 2025	Jan 2026	Feb 2026	Mar 2026	Apr 2026	May 2026	Jun 2026	Jul 2026
Listing Price	$339,900	$330,975	$320,000	$327,000	$337,500	$352,275	$369,000	$376,000	$382,500	$389,000	$384,500	$375,000	$369,950	$360,000	$350,000	$350,448	$359,950	$374,900	$389,300	$399,900	$399,900	$399,000	$385,000	$379,900	$369,000	$359,900	$347,450	$343,498	$349,450	$360,000	$372,450	$379,900	$379,900	$377,000	$374,900	$372,366	$364,900	$355,900	$348,900	$344,000	$349,950	$362,051	$375,000	$389,000	$394,500	$392,500

Month	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023	Dec 2023	Jan 2024	Feb 2024	Mar 2024	Apr 2024	May 2024	Jun 2024	Jul 2024	Aug 2024	Sep 2024	Oct 2024	Nov 2024	Dec 2024	Jan 2025	Feb 2025	Mar 2025	Apr 2025	May 2025	Jun 2025	Jul 2025	Aug 2025	Sep 2025	Oct 2025	Nov 2025	Dec 2025	Jan 2026	Feb 2026	Mar 2026	Apr 2026	May 2026	Jun 2026	Jul 2026
Active Listings	19,685	18,939	16,401	14,393	12,803	11,636	11,824	12,097	13,059	13,966	14,426	14,996	15,411	15,247	13,067	11,660	11,176	11,333	11,835	12,595	13,835	15,203	16,010	17,069	17,408	16,847	14,155	12,423	11,960	12,282	12,919	14,082	14,975	15,717	16,102	16,832	16,751	16,269	13,723	12,383	11,833	12,179	12,581	12,574	13,809	14,609

Median Days on Market

Days on Market

This chart shows the median days on market for active listings over time. In other words: how quickly homes move in the market. A declining rate means rising competition among buyers, while an increase means listings are sitting longer.

Month	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023	Dec 2023	Jan 2024	Feb 2024	Mar 2024	Apr 2024	May 2024	Jun 2024	Jul 2024	Aug 2024	Sep 2024	Oct 2024	Nov 2024	Dec 2024	Jan 2025	Feb 2025	Mar 2025	Apr 2025	May 2025	Jun 2025	Jul 2025	Aug 2025	Sep 2025	Oct 2025	Nov 2025	Dec 2025	Jan 2026	Feb 2026	Mar 2026	Apr 2026	May 2026	Jun 2026	Jul 2026
Median Days on Market	40	45	57	64	47	42	39	34	34	36	36	37	37	41	51	56	40	33	34	25	25	29	36	36	37	43	51	57	43	36	33	32	33	36	37	38	38	43	54	60	40	35	34	33	33	35

Market Hotness Score

Market Hotness

Based on Realtor.com's Market Hotness Index, this measure reflects how competitive the housing market is by comparing buyer demand with available inventory. Rising hotness scores point to more competition, while declining scores signal cooling conditions.

Month	Dec 2023	Jan 2025	Feb 2025	Mar 2025	Apr 2025	May 2025	Jun 2025	Jul 2025	Aug 2025	Sep 2025	Oct 2025	Nov 2025	Dec 2025	Jan 2026	Feb 2026	Mar 2026	Apr 2026	May 2026	Jun 2026	Jul 2026
Hotness Score	67.0569	77.0903	76.7559	75.9197	74.0803	75.9197	77.4247	79.7659	77.592	78.5953	75.4181	77.2575	78.5953	76.7559	79.9331	79.9331	76.2542	76.087	79.7659	80.7692

Pending Homes-for-Sale %

Percentage of Homes Sold per Month

This chart shows the percentage of homes that sold each month, highlighting buyer demand and long-term market trends. In most markets, around 20% of listings selling each month is considered balanced. Higher percentages point to a strong sellers' market, while lower percentages indicate more favorable conditions for buyers.

Month	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023	Dec 2023	Jan 2024	Feb 2024	Mar 2024	Apr 2024	May 2024	Jun 2024	Jul 2024	Aug 2024	Sep 2024	Oct 2024	Nov 2024	Dec 2024	Jan 2025	Feb 2025	Mar 2025	Apr 2025	May 2025	Jun 2025	Jul 2025	Aug 2025	Sep 2025	Oct 2025	Nov 2025	Dec 2025	Jan 2026	Feb 2026	Mar 2026	Apr 2026	May 2026	Jun 2026	Jul 2026
Percentage Sold	60.6%	55%	52.4%	55.3%	83.2%	103.6%	113.2%	121.2%	108.9%	97.3%	90.3%	79.3%	71.1%	64.7%	63.5%	67.6%	85.4%	104.1%	111%	108.9%	98.9%	84.3%	75%	64.6%	63%	62.4%	59.5%	59.3%	79.7%	93.9%	103.1%	101.8%	96%	85.2%	78.7%	71%	67.9%	65.3%	61.1%	60%	84.3%	97.1%	103.4%	111.5%	98.6%	87.2%

The Nation’s #1 VA Purchase Lender^†

More Veterans choose Veterans United than any VA lender in the country.

Largest overall VA lender (purchase and refinance) for four consecutive years.

More VA purchase loans than any other lender for the past 10 consecutive years

Over the last six fiscal years, Veterans United made more VA purchase loans than USAA, Navy Federal Credit Union, Rocket Mortgage, Wells Fargo and Freedom Mortgage combined.

Source: Department of Veterans Affairs Lender Statistics

Selling your home?

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Many Veterans are surprised to learn that a 70% disability rating can qualify them for a property tax exemption in Illinois. In a competitive market like Chicago, every advantage counts, so don't give up. Keep making offers, stay active with backups and be ready to move if another deal falls through.

Darren A. Veterans United Network Realty Agent

1-800-985-5723 | 1512 Heriford Road, Columbia, MO 65202. Not affiliated with any government agency including the VA. Missouri Licensed Real Estate Brokerage; for license information, visit VeteransUnitedRealty.com. Equal Housing Opportunity.

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Step 1Talk With a Locally Licensed Home Loan Expert

A Veterans United home loan specialist licensed in Chicago can walk you through your options and answer your questions.

Step 2Build a Personalized Home Loan Plan

We’ll help tailor a VA loan plan based on your goals, timeline and what home feels right for you.

Step 3Get Preapproved for a VA Loan

Know how much you can afford and get a clear view of your budget before you start house hunting.

Step 4 Work With a Locally Licensed Real Estate Agent

We’ll connect you with an agent who understands VA loans and knows the Chicago area market inside and out.

Step 5Close With Confidence

From offer to keys, we’re by your side to help make things simple and stress-free.

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Veterans United in Chicago-Naperville-Elgin, IL in the IL, IN metro area