Chicago Residential Real Estate Market Report Q2 2025 - Read It Now!!

Chicago Real Estate Agent
Aug 12
2 min read

Interested in real estate market statistics for Chicago and area Suburbs? Read the Compass Residential Real Estate Market Report for Q2 2025 with local data on your Chicago neighborhood or town.

Listing Agent Chicago - Read the Compass Residential Real Estate Market Report for Q4 2023 for Chicago and Suburbs with statistics for your Chicago neighborhood and town. — Chicago Real Estate Market Report

I am pleased to share the Q2 2025 Market Report for the Chicagoland area.

This past quarter reflected continued momentum toward stability, with steady buyer activity, modest price growth, and improving inventory levels.

In the City of Chicago, the market remained competitive. According to data from MRED, our local MLS, detached single-family homes saw a 6.1% year-over-year increase in median price, reaching $372,000.Attached homes, including condos and townhomes, rose 9.8% to $268,000. Closed transactions were also up 3.7% for detached homes and 2.9% for attached homes compared to Q2 2024. Homes moved quickly, averaging just 10 days on market for well-priced listings and even fewer for properties using Compass’ Three-Phased Marketing Strategy. Buyer demand remained solid, especially in transit-friendly neighborhoods.

Across the broader Chicagoland region, median prices rose between 5.4% and 8.2%, depending on submarket and property type. Compass.com data confirmed strong suburban activity, particularlyin DuPage, Lake, and Will Counties, where many homes received multiple offers. Average time from list to contract ranged from 8 to 15 days, reflecting high demand, especially in areas with limited newconstruction. While price growth moderated from 2024’s pace, Q2 2025 data supports a healthier balance of supply and demand.

According to Infosparks, MRED’s interactive tool, Compass-listed homes had a median market time of 9 days faster than the market average of 13 in Q2. Additionally, Compass listings sold for an average of 101.4% of the last list price, compared to 100.2% market-wide. Well-priced homes continue to sell quickly and competitively, underscoring the importance of local market expertise.

Overall, Q2 2025 indicates a market that, while dynamic, remains well-positioned for both buyers and sellers when guided by informed professionals. With smart pricing and strategic marketing, opportunity remains strong on both sides of the transaction.

If you’re considering buying a home or selling a home in the coming months, now is an excellent time to reach out. I am here to provide hyper-local insight, data-driven strategies, and deep market knowledge to help you succeed in the Chicagoland market.