Sales of detached homes in suburban Chicago posted healthy year-over-year gains in June, the first annual increase since February, Mainstreet REALTORS® said. 

Sales rose 10% from 2,784 transactions in June 2024 to 3,062, while the median-sales price for single-family homes rose 3.1% from $421,800 to $435,000.  

Average time on market was flat at 31 days, while pending sales of detached homes grew 6.9% from 3,026 to 3,234. 

“It’s great to see the market gaining momentum,” Mainstreet CEO John Gormley said. “While I think we have a long way to go toward achieving balance, it’s a ray of hope that things could get better for buyers and sellers.” 

Attached-home sales were also healthy, with transactions rising 9.6% from 1,287 in June 2024 to 1,411 last month. Median prices for attached homes rose 6.3% year over year to $289,000, while time on market surged from 19 days to 31 days. 

“Buyers who enter the market with patience have a leg up,” Mainstreet President Connie Vavra said. “We’re seeing successful buyers adapt their wish lists and keep an open mind about what they truly need versus want.” 

Many suburban communities saw solid year-over-year gains in detached-home sales in June, including Addison (82.4% increase), Antioch (54.6%), Aurora (28.9%), Batavia (68%), Arlington Heights (7.9%), Elmhurst (37.5%), Homewood (79%), Lombard (38.9%), Long Grove–Lake Zurich–Hawthorn Woods–Kildeer (24.5%), Mundelein (57.1%), Naperville (11.2%), Oak Forest (33.3%), Orland Park (33.3%), Oswego (75%), Palatine (8.3%), Round Lake (11.8%), South Holland (14.3%), St. Charles (42.1%), Streamwood (33.3%), Sycamore (16.7%), West Chicago (5%), Wheaton (1.8%), Woodridge (30%) and Zion (44.4%).