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

The Chicago housing market in February has strengthened compared to last year with the median home price around $348,900 — up 0.4% from last year. Homes for sale in Chicago* now spend an average of 54 days on the market, and nearly 20% sell below asking price, giving buyers more negotiating power.

Just a few of the 773,720 Veterans we've helped get into homes. 9,484 Veterans in the Chicago-Naperville-Elgin, IL-IN area alone!

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

Chicago Metro Housing Market in February 2026

calendar

Median Days on Market

54 days

Homes are staying on the market 24.42% longer than last month.

Average Listing Price

$500,970

Average home prices are down 2.42% since last month.

Active Listings

13,723 homes

Number of houses on the market are down 15.62% since last month.

Last updated 02-05-2026 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.

20% of listings reduced price last month.

4,122

New listings

Down 36.3% from last month

13,723

Active listings

Down 15.6% 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.

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

Chicago Metro Home Affordability

How does Chicago compare nationally?

Chicago median listing price

$348,900

Down 2.3% from last month

VS.

National median listing price

$399,950

Down 3.6% from last month

The home listing price-to-income ratio in the Chicago area is 4

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.

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Zipcode 46301 46302 46304 46341 46347 46368 46383 46385 46303 46307 46311 46312 46319 46320 46321 46322 46323 46324 46327 46342 46356 46373 46375 46377 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 47977 47978 46349 47922 47948 47951 47963 47964 60004 60005 60007 60008 60016 60018 60022 60025 60026 60029 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 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 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 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 $858,000 $193,000 $375,000 $339,225 $458,675 $316,200 $349,600 $449,900 $424,000 $384,900 $398,950 $179,450 $266,425 $221,175 $380,100 $267,825 $201,000 $201,175 $195,500 $274,000 $376,175 $596,189 $367,725 $209,925 $252,500 $151,100 $237,000 $167,425 $195,400 $160,250 $78,500 $173,000 $129,000 $274,626 $366,248 $989,750 $721,250 $237,688 $394,250 $328,250 $1,140,000 $548,725 $285,225 $304,700 $786,725 $1,972,500 $401,148 $738,675 $664,375 $461,243 $485,000 $217,400 $767,975 $250,000 $487,500 $527,475 $248,050 $283,425 $418,700 $315,500 $267,419 $349,925 $387,400 $219,975 $244,975 $499,225 $175,400 $251,000 $193,250 $129,950 $399,900 $524,625 $258,700 $359,500 $242,975 $346,175 $465,975 $2,390,000 $528,500 $908,650 $899,000 $5,093,000 $505,875 $454,950 $672,177 $577,500 $630,950 $248,750 $270,000 $512,213 $386,925 $302,000 $931,000 $1,411,500 $289,925 $314,950 $314,975 $345,000 $329,975 $339,900 $352,125 $277,000 $344,900 $329,900 $312,500 $301,500 $364,000 $329,250 $326,950 $261,975 $388,000 $535,725 $347,475 $335,000 $219,500 $381,875 $434,900 $522,425 $452,000 $287,000 $515,000 $367,450 $349,900 $199,450 $170,450 $191,450 $214,935 $216,238 $178,750 $273,725 $229,750 $154,750 $165,945 $190,750 $250,250 $219,419 $621,925 $291,975 $247,000 $308,750 $293,675 $349,800 $219,700 $376,825 $299,938 $337,975 $354,500 $377,450 $359,698 $474,975 $299,900 $162,400 $459,000 $256,975 $243,750 $85,725 $239,225 $189,457 $222,425 $324,975 $191,475 $417,500 $318,725 $367,725 $295,725 $399,450 $468,725 $431,250 $270,225 $387,000 $1,043,000 $727,500 $926,250 $556,000 $499,000 $374,900 $399,000 $550,000 $359,996 $249,225 $550,000 $682,500 $442,500 $249,975 $826,000 $277,100 $364,750 $222,500 $665,000 $225,000 $251,900 $156,200 $728,625 $194,675 $246,000 $352,350 $258,250 $196,750 $317,000 $449,450 $433,725 $344,975 $225,050 $483,725 $180,000 $255,250 $367,000 $399,900 $300,249 $497,250 $704,725 $229,000 $278,725 $241,000 $541,175 $619,750 $144,900 $394,950 $288,700 $345,550 $457,278 $365,563 $387,625 $610,500 $294,500 $255,425 $397,500 $432,450 $371,975 $567,450 $381,625 $252,875 $300,000 $328,200 $147,225 $553,675 $397,425 $407,450 $387,400 $334,500 $219,900 $286,150 $339,285 $572,250 $538,750 $319,993 $407,450 $434,960 $499,050 $382,225 $409,950 $450,000 $424,325 $439,945 $449,900 $435,000 $855,000 $542,500 $301,250 $507,425 $412,500 $533,750 $384,450 $399,675 $2,198,500 $483,475 $549,500 $372,400 $478,500 $352,950 $300,000 $422,500 $387,250 $524,900 $440,000 $471,225 $404,975 $993,500 $819,000 $956,250 $439,750 $725,000 $378,350 $428,675 $399,475 $526,175 $630,000 $271,175 $377,675 $558,486 $292,175 $297,400 $554,750 $544,993 $410,000 $395,750 $399,900 $614,950 $765,000 $400,993 $253,000 $300,000 $484,797 $425,000 $487,225 $474,950 $3,075,000 $351,220 $282,725 $363,650 $424,000 $329,900 $289,998 $411,150 $427,735 $345,000 $282,000 $293,675 $349,500 $347,761 $266,250 $444,900 $318,923 $439,655 $331,200 $333,750 $617,475 $372,225 $270,950 $242,900 $299,900 $238,700 $344,934 $362,200 $436,245 $322,500 $537,450 $325,000 $474,975 $291,875 $278,750 $191,500 $508,401 $592,250 $468,750 $383,750 $590,725 $599,503 $426,225 $381,175 $383,500 $290,500 $380,000 $393,725 $347,425 $214,900 $347,500 $595,000 $389,000 $328,725 $478,900 $437,000 $321,250 $438,725

Historical Housing Trends in the Chicago Metro

  • Median Listing Price

Listing Price & Inventory

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

Month Mar 2022 Apr 2022 May 2022 Jun 2022 Jul 2022 Aug 2022 Sep 2022 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
Listing Price $333,995 $349,900 $356,425 $359,950 $350,000 $349,900 $340,000 $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
  • 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 Mar 2022 Apr 2022 May 2022 Jun 2022 Jul 2022 Aug 2022 Sep 2022 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
Median Days on Market 36 32 30 31 32 37 41 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
  • 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
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
  • 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 Mar 2022 Apr 2022 May 2022 Jun 2022 Jul 2022 Aug 2022 Sep 2022 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
Percentage Sold 143.9% 158.9% 133.6% 110% 83% 75.4% 69.3% 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% 64.7% 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%

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 seven of the last ten years.

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

Over the last six 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?

Veterans United Realty agents have sold $108,654,912 worth of homes in the Chicago area.

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

Connect with an 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.

Start Your VA Loan With Veterans United

Not sure where to begin? Whether you're stationed nearby or planning to move near Chicago, we’ll help you understand what to expect.

Get in touch with a VA home loan expert
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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.

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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.

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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.

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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.

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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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*Unless stated otherwise, data for the metro refers to the CBSA ("Core-Based Statistical Area"), the defined geography that makes up the surrounding metropolitan and micropolitan areas.