Jeff Baker
The median sale price for homes in Chicago hit $425,000 in July, according to data from Illinois Realtors. That’s a 13.3% increase from last year. Across the state, the median price of $338,000 represented a 6% increase in a year.
The housing market has been hot throughout the pandemic and so is the industry itself, with more people getting into the business. Membership at the Illinois Realtors Association is up 15% in the past five years and the past two years have seen the most significant growth.