Chicagoland Housing Market Hits its Spring Sprint

Spring arrived in Chicagoland suburbs and so did homebuyers.


The sales of detached, single-family homes were up 7.5% year over year in March, with 2,134 homes sold compared to 1,985 a year ago. Homes spent an average of 53 days on market, down slightly from 54 days last year. Median prices were up nearly 5%, from $385,000 in March 2025 to $403,250 last month.


Months' supply for housing inventory was just 1.5 months across the entire Chicagoland PMSA, well below the five to six months that signals a balanced market. To put that in perspective, Bloomingdale currently has just 8 homes for sale, while a comparable community in Florida has roughly 2,000. 


"Inventory is still severely constrained and so we are seeing extreme competition for quality listings," said Kinga Korpacz, President of Mainstreet REALTORS®. "Buyers are waiving attorney review and inspections and coming in with significant earnest money."

Buyers may find more options in Kane County, where new listings were up 14.5% last month, compared to the same time last year.

Even in the attached home segment, where 1,086 homes sold compared to 1,094 a year ago and market time increased from 42 to 54 days, median prices climbed 5.6%, from $270,000 to $285,000. 


"Even though prices are on an upward path in the Chicagoland suburbs, the market feels predictable," said John Gormley, CEO of Mainstreet REALTORS®. "When things are moving this fast, local expertise from a Mainstreet REALTOR® isn't optional, it's essential. They're going to know the community inside and out, meaning where you have to move quickly and where you may have a day or two to make a decision."


Aurora led the region in detached home sales during March with 100 homes sold, followed by Naperville and Arlington Heights. 

While detached homes across the region sold in an average of 53 days in March, several suburban communities saw average market time fall compared to a year ago: 

  • Arlington Heights (70 days to 25 days)
  • Downers Grove (59 to 36)
  • Geneva (35 to 25)
  • Lombard (48 to 25)
  • Streamwood (49 to 30)
  • Tinley Park (107 to 37) 
  • Wheaton (24 to 10)

Feeling squeezed out of the market? Look for pockets where you might have a little more room like Kane County. And if you're open to it, attached homes, which are condos and townhomes, are moving a bit slower right now, which could mean more time to make a decision and more options at a competitive price point.