🏙️ Chicago Real Estate Market Update – June 2025

Presented by The Saladino Sells Team

As we dive into the summer season, the Chicago real estate market continues to heat up—with rising prices, tight inventory, and strong competition defining June 2025. Whether you're buying, selling, or just watching the market, here's what you need to know right now in the Windy City.

📊 Market Overview

Prices Are Up
The median home price in Chicago now sits at $365,000, up 7.4% year-over-year. From condos in Logan Square to single-family homes in Portage Park, prices are holding strong across the city.

Inventory Is Low
Listings are down 12% compared to June 2024, and that means less supply and more competition. Buyers should expect multiple-offer situations in popular neighborhoods like Wicker Park, Lincoln Square, and Bridgeport.

Luxury Market Surging
The luxury segment (homes $1M+) saw a 7% increase in new contracts this month. If you're selling in this price point, now is a prime time to list.

💰 Mortgage Rates & Buyer Behavior

Interest rates remain high, hovering around 6.9–7% for a 30-year fixed mortgage. While that has priced some buyers out of the market, it hasn’t slowed demand—especially in first-time buyer neighborhoods like Avondale and Jefferson Park.

At the same time, rents have increased ~7% year-over-year, making homeownership a smart financial move in many parts of the city.

🧭 What This Means for Buyers

• Be prepared: Get pre-approved before you tour.

• Act fast: Well-priced homes are going under contract in days.

• Be flexible: Consider emerging neighborhoods with upside potential (like McKinley Park or Bronzeville).

💡 Tip from the Saladino Sells Team: We’re helping buyers win in this competitive market with strong strategies, off-market opportunities, and expert negotiation.

🏠 What This Means for Sellers

• Low inventory = high leverage

• Renovated and well-staged homes are commanding top dollar.

• Price accurately: Overpriced homes still sit, even in this market.

💡 Our listings are averaging fewer days on market and higher sale prices—thanks to our proven marketing system and local insight.

📍 Hot Chicago Neighborhoods in June 2025

• North Center – Families flocking for top-rated schools

• West Loop – Luxury condos, nightlife, and tech jobs

• Albany Park – Affordable and full of character

• Ukrainian Village – Still trending thanks to charm and location

📆 Looking Ahead: Summer & Fall Outlook

Expect more listings to hit the market in July, but buyer demand is expected to remain strong through fall. If mortgage rates drop (even slightly), we could see another wave of competitive offers city-wide.

Ready to Make a Move?

Whether you're looking to buy your first home, upgrade your space, or cash in on record equity, The Saladino Sells Team is here to guide you every step of the way. With deep Chicago roots and a results-driven approach, we’re your go-to resource for success in today’s market.

📲 Contact us today for a personalized market analysis or buyer consultation.