The pace of closed detached-home sales in the Chicago suburbs was relatively flat in October, rising 0.4% year over year, Mainstreet REALTORS® said.  

Pending sales, meanwhile, rose 3%, indicating sales activity could pick up in the coming months as signed contracts are closed. 

“Certainly, anecdotally, we’re hearing about buyers who are making offers and getting cold feet given the state of the economy,” Mainstreet CEO John Gormley said. “But when people have life or family situations that mean they need to move, it outweighs the uncertainty in the economy, and many buyers are able to look past it and remember that a home is always a smart investment.” 

While the pace of home sales was steady, the time homes spent on the market jumped 10.5% compared to October 2024. The average months’ supply of homes in the Chicagoland primary metro statistical area rose from 1.7 months in January to 2.1 months in October. 

“Slower market times indicate buyers are taking their time and making more deliberate decisions versus rushing to buy,” Mainstreet President Kinga Korpacz said. “This is not necessarily a bad thing, especially in a market with as much hyperlocal variability as Chicagoland.” 

The pace of pending home sales surged in some Chicagoland communities, including Berkeley (under-contract homes up 166.7%), Broadview (133.3%), Calumet Park (150%), Inverness (150%), Itasca (225%), LaGrange Highlands (300%), Lynwood (133.3%), Monee (250%), Mundelein (105.9%), North Aurora (230%) and Palos Hills (120%).