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Chicago Real Estate Guides

Practical guides for comparing homes, preparing to buy or sell, and exploring Chicago-area neighborhoods.

The evidence behind the headlines

Chicago research, explained

Explore the questions raised by our dated luxury, city, ZIP and metro studies.

Browse the full research library

August 2026

Chicago Attached Luxury Strengthened While Its Median Price Barely Moved

Chicago attached luxury sales rose 23.5% while inventory fell 13.4%. Original research explains why a nearly flat price median misses the change.

August 2026

Chicago Luxury Competition Thins as the Price Bracket Rises

Original analysis of Chicago luxury price bands reveals large differences in sales relative to inventory, including a balanced upper attached tier.

August 2026

What Chicago Luxury's 185% Sales Ratio Actually Means

Chicago luxury’s 185% sales ratio is valid arithmetic, not a sale probability. Learn what the ratio, eight-day median and incomplete size data mean.

August 2026

Chicago City Accounts for Most of the Metro's Inventory Decline

Chicago city accounted for 62.2% of the metro’s annual inventory decline. Original analysis separates the city from the rest of the nine-county area.

July 2026

Chicago's Contracts and Closings Were Sending Different Signals

July MRED data show Chicago detached contracts rising while closings fell. Why transaction stages need separate interpretation.

August 2026

Chicago's Inventory Shortage Is Not Uniform Across ZIP Codes

A 15-ZIP Chicago study finds sharply different inventory trends and exceptions to the idea that less supply always means faster market time.

August 2026 observations; publisher-specific reporting windows

Why Chicago Can Have Four Different Home-Price Headlines

Zillow, Realtor.com, Redfin and Illinois REALTORS show different Chicago prices. Definitions and reporting windows explain why they are not interchangeable.

April-June 2026

Chicago Relocation Searches Point to Two Different Audiences

Chicago relocation searches reveal a large local audience and concentrated inbound interest. Original research explains the limits of the data.

January 2020 to August 2026

The Same 2020 Baseline Produced Different Chicago-Area Value Paths

Chicago and five western suburbs did not share one modeled home-value path from January 2020 through August 2026.

August 2026

Why Single-Family and All-Home Indexes Can Point in Different Directions

Chicago's August single-family ZHVI was below its all-homes index, while five reviewed suburbs showed the opposite relationship.

August 2019, August 2025, and August 2026

More New Listings Do Not Automatically Produce More Inventory

Chicago, Elmhurst, and Glen Ellyn each added new listings from August 2025, but their inventory totals did not move in the same direction.

May 2026

County Negotiating Signals Still Need Property Comparables

Cook, DuPage, and Lake Counties showed similar price-drop shares but different two-week contract speeds in May 2026.

July 31, 2026

Why a Monthly Sale Median Can Exceed a Home-Value Index

July 2026 Zillow observations show that a transaction median and a modeled housing-stock index can differ without creating a property-level pricing rule.

January 31, 2020 to August 31, 2026

Modeled Home-Value Change Is Not the Same as Homeowner Equity

Six city ZHVI paths produced modeled dollar changes from about $68,706 to $433,391, but those changes omit debt, costs, improvements, and transaction timing.

January 31, 2020 to August 31, 2026

Annualized Home-Value Growth Is a Historical Summary, Not a Forecast

Annualizing the January 2020 to August 2026 ZHVI paths produces compact historical rates, but those rates should not be projected into a future home value.

August 2019, August 2025, and August 2026

Inventory Recovery Depends on Which Baseline You Use

August 2026 inventory was above 2025 in Elmhurst and Glen Ellyn but still about 69% below 2019, creating a much larger recovery calculation from the current base.

May 1 through May 31, 2026

An Average Sale-to-List Ratio Does Not Describe Every Sale

May 2026 county averages exceeded 101% even though only about half of sales closed above final list, showing why an average and a share answer different questions.

May 1 through May 31, 2026

Inventory Direction and Months of Supply Answer Different Questions

Cook, DuPage, and Lake Counties had different year-over-year inventory directions in May 2026 while months of supply remained within a narrow 2.6 to 2.8 range.

Western Suburbs: Compare Budget, Commute and Daily Life

September 27, 2026

Western Suburbs: Compare Budget, Commute and Daily Life

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Chicago and Western Suburbs New Construction vs. Existing Homes

September 27, 2026

Chicago and Western Suburbs New Construction vs. Existing Homes

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What Does It Cost to Hire a Top Real Estate Agent Team in Chicago?

September 16, 2026

What Does It Cost to Hire a Top Real Estate Agent Team in Chicago?

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How to Find a Chicago Real Estate Agent With 20+ Years of Experience, and Verify It

September 15, 2026

How to Find a Chicago Real Estate Agent With 20+ Years of Experience, and Verify It

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Illinois Real Estate Attorney Review: A Buyer Timeline Guide

September 13, 2026

Illinois Real Estate Attorney Review: A Buyer Timeline Guide

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Chicago Condo Special Assessment Buyer Checklist

September 1, 2026

Chicago Condo Special Assessment Buyer Checklist

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Can This Chicago Residence Work as a Pied-à-Terre? Build the Part-Time Ownership File Before You Buy

August 22, 2026

Can This Chicago Residence Work as a Pied-à-Terre? Build the Part-Time Ownership File Before You Buy

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Chicago Move-Up Plan: Sell First, Buy First, or Bridge the Gap?

August 22, 2026

Chicago Move-Up Plan: Sell First, Buy First, or Bridge the Gap?

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The Chicago Property-Risk Verification File: Water, Radon, Lead, Building Records, and Insurance

August 22, 2026

The Chicago Property-Risk Verification File: Water, Radon, Lead, Building Records, and Insurance

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Before You Make a Chicago Luxury Offer, Build This Financing Control File

August 22, 2026

Before You Make a Chicago Luxury Offer, Build This Financing Control File

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Buying Chicago Real Estate Remotely: A Verification Protocol

August 21, 2026

Buying Chicago Real Estate Remotely: A Verification Protocol

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Chicago or Elmhurst? A Luxury Buyer’s Day-to-Day Decision Guide

August 21, 2026

Chicago or Elmhurst? A Luxury Buyer’s Day-to-Day Decision Guide

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The Elmhurst Address-Level Due-Diligence Checklist for Buyers

August 14, 2026

The Elmhurst Address-Level Due-Diligence Checklist for Buyers

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Chicago Sellers: Repairs, Credits, or a Price Change?

August 14, 2026

Chicago Sellers: Repairs, Credits, or a Price Change?

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Chicago Preapproval: From First Tour to Offer

August 14, 2026

Chicago Preapproval: From First Tour to Offer

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Buying in Chicago: Budget Beyond the Down Payment

August 14, 2026

Buying in Chicago: Budget Beyond the Down Payment

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Chicago Inspection Contingencies: Your Next Steps

August 13, 2026

Chicago Inspection Contingencies: Your Next Steps

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How Chicago Homeowners Should Evaluate an Initial Asking Price

August 12, 2026

How Chicago Homeowners Should Evaluate an Initial Asking Price

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How Chicago Sellers Should Review Competing Offers

August 12, 2026

How Chicago Sellers Should Review Competing Offers

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How Chicago Buyers Should Build a Comparable-Sale Offer Range

August 12, 2026

How Chicago Buyers Should Build a Comparable-Sale Offer Range

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How to Choose the Best Real Estate Team in Chicago, IL

July 21, 2026

How to Choose the Best Real Estate Team in Chicago, IL

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Hinsdale Real Estate: Common Buyer Questions

July 15, 2026

Hinsdale Real Estate: Common Buyer Questions

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From Chicago To Glen Ellyn: Reading The Market

July 2, 2026

From Chicago To Glen Ellyn: Reading The Market

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Western Springs Micro-Market Guide For Homebuyers

June 25, 2026

Western Springs Micro-Market Guide For Homebuyers

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Bucktown vs Lincoln Park: Find Your Best Fit

May 28, 2026

Bucktown vs Lincoln Park: Find Your Best Fit

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Elmhurst Schools And Home Values: What Buyers Should Know

May 21, 2026

Elmhurst Schools And Home Values: What Buyers Should Know

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