Chicago home sales trend upward as fall settled in

Both inventory and time on market fell in Chicago, while home prices steadily rose.
  • The median price in September in the Chicago PMSA was $207,570, up 6.4 percent from $195,000 in September 2014.
  • The median price of a home in Chicago was $250,000, up 0.4 percent over September 2014 when the median price was $249,000.
  • The state median price index is now 91 percent of its 2008 peak, while Chicago’s is 86 percent.

In the nine-county Chicago PMSA, home sales in September 2015 totaled 9,753, an increase of 5.3 percent from the 9,261 sales in September 2014, according to new data published by the Illinois Association of Realtors.