Every week we share a quick snapshot of the entire Chicago metro area across all price ranges. Once a month, we take it a step deeper with a neighborhood breakdown in the areas where our team works most often. Below you’ll find the latest numbers, charts, and our takeaways.

 

Entire Metro Vs. Suburbs
Median Prices 12-Month Rolling Prices
 
Source: InfoSparks, Chicago MLS

 

Median Prices 12-Month Rolling Prices
When looking at price trends, the overall Chicago metro area has shown steady, mid-single digit growth through 2024 and into 2025. Suburban markets like Naperville, Hinsdale, and Lake Forest had standout growth in 2024, but 2025 has been more mixed.
•    Naperville and Hinsdale underperformed the metro in August 2025 and Hinsdale posted a low-single digit decline due to strong double-digit outperformance in 2024.
•    Lake Forest, on the other hand, accelerated and posted stronger gains this year.
•    The slight dip in Hinsdale this August is likely just a correction after its huge 37% jump in August 2024.

 

It’s also worth noting that Hinsdale and Lake Forest can show bigger swings in pricing because there are fewer transactions compared to larger markets like Naperville or the full metro.

 

Takeaway is that the suburb markets shown above have overall shown strong performance in 2024 and stable but mixed performance during 2025 but buyer demand overall appears strong.

 

Average Market Time
 
Source: InfoSparks, Chicago MLS

 

Market Time (Days on Market)
•    Overall, the metro and all three suburban areas remain healthy with solid buyer demand.
•    Lake Forest stands out with the longest days on market, but that’s tied directly to its higher price point—larger, more expensive homes simply take longer to sell.

 

Takeaway in all four markets lean toward being Sellers’ Market. Limited inventory, paired with trends like buyers moving back to the Midwest from the Southeast and Southwest, continues to support demand.

 

Months of Supply
 
Source: InfoSparks, Chicago MLS

 

Months of Supply
Looking at “Months of Supply” (homes available divided by homes sold each month), all four markets fall closer to a Sellers’ Market.
•    The Chicago metro overall has been stable and strong for the past three years.
•    Naperville continues to be a hot spot, firmly in Sellers’ Market territory.
•    Hinsdale and Lake Forest, though higher-priced, still tilt toward sellers.

 

Takeaway is the entire Chicago MLS area has been a relatively strong Sellers’ Market and stable over the past three years. Naperville is a hot market for buyers and a strong Sellers’ Market. Hinsdale and Lake Forest have higher median price points (which take longer to transact), but remain leaning towards a stronger Sellers’ Market.

 

Source: InfoSparks, Chicago MLS

 

Sale Price vs. List Price
Another healthy sign: sale prices compared to list prices.
•    The Chicago metro overall has been steady as seen in chart above.
•    Naperville saw final sales slightly above asking in 2023 and 2024, but eased to 99.9% in August 2025.
•    Hinsdale and Lake Forest typically close a few percentage points below asking. At first glance, this looks like softness, but it’s more common for higher-priced homes to have more room for negotiation on price.

 

Takeaway: Across the board, the Chicago metro and these suburban markets remain stable, with demand supporting prices even as growth patterns shift.

 

Questions: Login and ask your respective agent or email andrey@solomarealty.com.