Selling time continues to drop for the Chicagoland suburbs

  • Time on the market in the Chicago suburbs has dropped every month so far this year, reaching 83 days in August.
  • Homes in Schaumburg moved faster, at 45 days on the market on average.
  • Median sale price increased 6.5 percent year-over-year in the Chicagoland suburbs, to $244,975 in August.

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Empty nesters looking to downsize or families looking to trade up in the Chicagoland suburbs, take note: Every month this year, homes spent less time on the market compared to the year prior, according to data from The Mainstreet Organization of Realtors (MORe).