Chicagoans are dealing with the severe lack of inventory that is the lowest its been in the past decade. This December home prices were up 8.4 percent on an annual basis, but despite the mild winter home sales fell 2.8 percent, according to Redfin.

Chicago home prices began to fall back in February 2015, and although prices went through a couple of boosts, they have generally remained flat.

ChiDecHomePricesChart

The lack of available homes pushed prices up for Chicagoland homeowners, with nine-straight months of declining numbers of homes on the market.

Chicago homes sold redfin

Chicago neighborhoods are all performing on different planes, and while some areas like Pullman are gaining speed, others are losing some traction. The popular family-friendly Lincoln Square saw a 29.8 percent dip in homes sold, however that could be impacted by the mere 33 homes for sale.

West Loop is still a reigning champion with more home sales and increasing prices, while only by a sliver. On the west side, Ukrainian Village saw a whopping 25.4 percent home value increase with dwindling inventory.

Area Median Sale Price Year-Over-Year Homes Sold Year-Over-Year Inventory Year-Over-Year New Listings
Albany Park $253,500 25.5% 102 20.0% 160 -10.1% 99
Andersonville $391,000 -1.0% 42 13.5% 64 -8.6% 45
Archer Heights $178,900 12.9% 28 0.0% 35 34.6% 30
Austin $85,000 9.7% 117 -5.6% 255 -9.6% 190
Avondale $295,000 -7.7% 87 -12.1% 130 -11.0% 102
Beverly $250,662 -7.2% 52 18.2% 120 13.2% 79
Bridgeport $345,000 30.7% 57 -13.6% 101 -3.8% 66
Brighton Park $143,500 13.9% 61 24.5% 79 21.5% 57
Bucktown $569,500 15.8% 76 5.6% 72 -20.9% 76
Clearing $182,500 15.5% 66 -7.0% 127 15.5% 88
Edgewater $227,500 16.7% 158 12.1% 294 -3.6% 188
Edison Park $259,000 -13.5% 36 5.9% 59 -10.6% 34
Englewood $20,000 5.3% 39 14.7% 181 -17.4% 91
Garfield Ridge $190,000 0.5% 89 -8.2% 143 -6.5% 110
Gold Coast $287,000 -1.9% 138 4.5% 284 -6.0% 171
Humboldt Park $221,500 18.2% 154 6.9% 258 -1.1% 195
Hyde Park $145,000 -15.9% 64 56.1% 143 -34.1% 61
Irving Park $294,750 4.2% 112 -6.7% 254 11.9% 194
Jefferson Park $262,000 6.5% 78 -1.3% 107 -5.3% 83
Kenwood $151,000 1.6% 39 -7.1% 120 -13.7% 61
Lincoln Park $537,000 10.7% 288 -9.4% 477 -6.7% 366
Lincoln Square $359,000 6.1% 33 -29.8% 119 25.3% 66
Logan Square $365,000 28.6% 156 10.6% 177 -8.8% 179
McKinley Park $166,450 -0.3% 26 36.8% 44 -6.4% 30
Montclare $225,200 21.3% 37 -5.1% 44 -34.3% 34
Mount Greenwood $193,000 -7.7% 44 -13.7% 76 0.0% 55
Near North Side $403,531 3.1% 568 7.8% 1,083 -0.8% 661
North Center $475,000 -15.8% 71 42.0% 94 1.1% 81
Old Town $317,500 -5.9% 89 2.3% 112 -5.1% 96
Portage Park $252,500 2.4% 149 -8.0% 255 14.3% 177
Pullman $87,000 117.5% 19 0.0% 29 -31.0% 22
Ravenswood $337,500 -26.1% 64 36.2% 73 7.4% 53
Rogers Park $164,700 7.5% 108 1.9% 237 11.3% 143
Roscoe Village $535,000 -0.9% 67 -17.3% 120 36.4% 111
Sauganash $405,000 26.0% 32 33.3% 73 58.7% 50
South Lawndale / Little Village $99,000 23.8% 40 17.6% 81 -5.8% 56
South Loop $349,000 -0.3% 235 0.4% 355 4.1% 267
South Shore $60,977 34.0% 85 -18.3% 258 -17.6% 122
Streeterville $490,000 16.0% 131 -13.2% 320 -10.1% 159
The Loop $345,000 -5.5% 185 9.5% 324 -0.9% 211
Tri-Taylor $248,000 70.1% 15 36.4% 28 -24.3% 15
Ukrainian Village $542,500 25.4% 20 -23.1% 34 -19.0% 26
Uptown $233,500 15.9% 142 -6.6% 270 -23.5% 172
West Loop $365,000 1.1% 137 12.3% 111 -17.2% 117
West Town $457,750 5.2% 341 -0.9% 425 -12.6% 412
Wicker Park $480,300 0.7% 105 -6.3% 122 -17.6% 118
Chicago $237,250 8.4% 2,350 -2.8% 10,645 -6.9% 2,163
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