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The Relative Rarity of Million-Dollar Listings in Chicagoland

by Peter Thomas Ricci

Sure, our area has some wonderful luxury housing markets, but in the grander scope of the market, how common are those million-dollar listings?

We may hear about luxury real estate on a consistent basis, but luxury listings in the overall housing market are much more sparse than one may think – especially in our local marketplace, where they make up just 4.1 percent of all listings.

Using a fascinating new set of data from Trulia, we put together the following charts, which show not only what percentage of listings in a given market are priced $1 million and above, but also how much square feet that hefty price tag will get you. Very interesting, to say the least!

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