By Anne Rossley, Managing Broker, Baird & Warner Gold Coast, Chicago | Chicago real estate since 1987 | Updated September 28, 2026

Quick answer: In the 30 days ending September 28, 2026, Chicago single-family homes in the neighborhoods tracked here sold fast. 87 homes closed at a median of 9 days on market and 100.2% of list price, and 51.7% sold over asking. Homes under $3 million drove the market. Above $3 million, only 1 of 6 sales closed over asking, and Near North Side had 20 active listings against 2 closings.

Chicago Single-Family Market at a Glance

  • 87 closed sales, totaling $141.7 million
  • $1.55 million median sold price and $500 per square foot median
  • 9 days median time on market
  • 100.2% median sale-to-list price ratio (sold price divided by list price at the time of sale)
  • 51.7% of homes sold over asking price
  • 164 active listings and 98 homes under contract

Which Chicago Neighborhoods Are Selling Fastest?

Months of supply = active listings divided by the month's closings. Neighborhoods with fewer than 5 closings are directional only.

Lincoln Park and Old Town

Lincoln Park led the city in volume with 20 closings at a median of 6 days on market. Sale prices landed right at list (100.0%), and 35% went over asking, a lower share than in neighboring areas. The active median list price is about $4.15 million, well above the $2.34 million median that closed. Old Town is grouped under Near North Side in MLS data (see below).

Lakeview

13 homes closed in a median of 7 days at 101.0% of list, with 54% selling over asking. Supply is 1.3 months, tight enough that well-priced homes get multiple looks in the first week.

Logan Square

Logan Square shows the strongest pricing pressure in the data: 16 closings at a median of 106.4% of list, with 63% selling over asking. The median sold price was $876K, and supply is 1.8 months.

North Center

North Center had the highest share of over-asking sales, with 75% of 12 closings above list. Homes took a median of 15 days, the longest among the busy neighborhoods, but they still closed at 101.4% of list.

West Town (Bucktown, Wicker Park)

West Town has more inventory than its neighbors: 24 active listings against 7 closings, or 3.4 months of supply. Homes that sold closed in a median of 9 days at list price. Bucktown and Wicker Park sit inside the West Town MLS area, so these figures are combined.

Edgewater, Uptown and Lincoln Square

Edgewater closed 5 homes at a median of $1.34 million in 12 days, with 1.2 months of supply. Lincoln Square closed 7 at 101.1% of list in 8 days. Uptown had only 2 closings, so its 162-day median reflects one long-listed home, not a trend.

Near West Side (Fulton Market, West Loop)

3 homes closed in a median of 4 days at 93.9% of list, with 9 active listings. That sample is too small for a conclusion, but the median discount is worth watching.

Near North (Streeterville, River North, Gold Coast, Old Town)

Near North Side had 20 active single-family listings, 5 under contract and only 2 closings, about 10 months of supply. The median active list price is $4.37 million, and 9 of the 20 active homes are priced at $5 million or more. With two closings, treat this as a signal, not a market rate.

Loop and Near South Side (South Loop)

The Loop had no single-family closings. The Near South Side had none as well, with 1 active listing at $1.15 million and 1 home under contract at $875K.

What Is Happening Above $3 Million?

Homes under $3 million are the hot segment. Of 81 sales under $3 million, 54% closed over asking. The $2 to $3 million range (16 sales) closed in a median of 7 days, with 56% over asking. Above $3 million the pace held but the pricing power didn't: only 6 homes closed, 1 sold over asking, and the median sale-to-list ratio was 98.4%. Luxury inventory is concentrated in Near North Side and Lincoln Park.

Does Pricing in the First Week Matter?

Yes. Homes that sold in the first 7 days closed at a median of 105.8% of list price, and only 15% sold below list. After 31 days on market, homes sold at about 94% to 95% of list, and about 80% closed below asking.

What Should Buyers Do?

  • Under $3 million: come in strong, with a pre-approval, clean terms and a plan for inspections. More than half of these homes sold over asking.
  • Above $3 million: you have room to negotiate, especially on homes that have been listed for weeks.
  • West Town, Near West Side and Near North: higher supply gives you more choice and more leverage.

What Should Sellers Do?

  • Price to the market in week one. The first two weeks decide whether you get a premium or negotiate against a stale listing.
  • In Logan Square, North Center, Lakeview and Lincoln Square, low supply favors sellers with well-prepared homes.
  • Above $3 million, price carefully. Sales are happening, but not above asking.

Frequently Asked Questions

Is Chicago's single-family market a seller's market right now?

In most of the neighborhoods tracked here, yes. In the 30 days ending September 28, 2026, homes closed in a median of 9 days at 100.2% of list price, and 51.7% sold over asking. Lincoln Park, Lakeview, Logan Square and North Center had roughly 1.2 to 1.8 months of supply. Above $3 million the picture is softer.

How fast are single-family homes selling in Chicago?

The median time on market for closed sales was 9 days. Lincoln Park homes closed in a median of 6 days, Lakeview in 7, Logan Square in 9.5, and North Center in 15.

Are Chicago homes selling over asking price?

Yes, about half are. 51.7% of closings (45 of 87) sold over list price. Logan Square had a median sale-to-list ratio of 106.4%, and 75% of North Center sales closed over asking.

Does pricing in the first week matter?

Yes. Homes that sold in the first 7 days closed at a median of 105.8% of list price, and only 15% sold below list. After 31 days on market, homes sold at about 94% to 95% of list, and about 80% sold below list.

What is happening with homes priced over $3 million?

Only 6 homes closed above $3 million, and just 1 sold over asking, at a median of 98.4% of list price. Near North Side had 20 active listings and 2 closings.

About This Data

This update uses MLS single-family sales, active listings and under-contract homes for the 30 days ending September 28, 2026 (the latest recorded closing was September 25). Figures are medians unless stated. Sale-to-list ratios compare sold price to list price at the time of sale, because original list price wasn't available in this data. Neighborhoods follow MLS areas, so Old Town falls under Near North Side, Bucktown and Wicker Park under West Town, Fulton Market and the West Loop under Near West Side, and the South Loop under Near South Side.