Chicago Real Estate Market Update: What Buyers & Sellers Need to Know This Fall [2025]

The Chicago real estate market is shifting as we head into the final quarter of 2025. Whether you're planning to buy, sell, or invest, staying informed on current trends can help you make smarter, faster decisions.

At Crosstown Chicago, we’ve helped hundreds of buyers and sellers navigate changing markets — and Fall 2025 is no exception. Here’s what you need to know right now.

🔍 Key Market Trends

1. Inventory is Rising — But Still Below Pre-Pandemic Levels

More listings are hitting the market compared to spring and summer. However, the total number of homes for sale in Chicago remains historically low, keeping demand high in popular neighborhoods like Wicker Park, Logan Square, and Lincoln Park.

2. Prices Are Holding Steady (With Minor Declines in Some Areas)

While national headlines may suggest a cooling market, Chicago remains relatively stable. Median home prices are down ~1.5% year-over-year, creating new opportunities for savvy buyers — especially those eyeing condos for sale in Chicago.

3. Buyers Gaining Slight Negotiation Power

Sellers are still in a good position, but price reductions and concessions are becoming more common. This gives buyers a little more leverage — if they’re working with the right agent.

🧠 What This Means for Buyers

If you’ve been waiting for the market to cool, now is your window. There are fewer bidding wars, and buyers are seeing more favorable terms, especially in the $500K–$1M range. Work with an experienced real estate agent in Chicago to identify undervalued opportunities before inventory tightens again in the spring.

💰 What This Means for Sellers

Sellers still have an advantage — especially those listing move-in-ready properties in well-connected neighborhoods. Pricing strategically is key. Overpricing will lead to longer days on market and deeper discounts later.

Want to know your home’s market value?

🔑 Expert Insight from Crosstown Chicago

“Buyers today are smart, informed, and cautious — but they’re ready to act when the right opportunity appears. The key is timing and guidance.”
— Catalin Maticiuc, Real Estate Agent, Crosstown Chicago

At Crosstown Chicago, we help clients buy and sell confidently through every market cycle. Whether you're relocating, upgrading, downsizing, or investing — we’re your boots-on-the-ground experts.

📲 Ready to Make a Move?

Whether you're exploring your options or ready to take action, our team is here to guide you. Connect with Catalin Maticiuc, Mara Woods, or Chris Dumitru today.