The pace of home sales in Chicago suburbs tumbled on a year-over-year basis in November, while prices were mixed, Mainstreet REALTORS® said. 

Detached home sales fell 7.2%, and attached homes tumbled 13.7%. The median sale price for detached homes stayed at $400,000 for the third month in a row, while attached home prices continued to slide, falling from $280,000 in August to $272,500 in November. 

Market times continued to lengthen, increasing by 11.9% for detached homes and 15.8% for attached homes. 

“Housing affordability is a critical issue in Chicagoland and has continued to strain consumers as housing prices have increased steadily over the last several years,” Mainstreet CEO John Gormley said. “Finally, we’re starting to see prices stabilize and even fall, while at the same time mortgage rates are coming down and predicted to fall further. We are very hopeful that this will make homebuying more affordable for many people in our region in 2026.” 

Mainstreet President Kinga Korpacz said increased inventory next year could also make homebuying easier. 

“We’re starting to see homeowners who bought at extremely low mortgage rates during COVID let go of their houses, now that we’re almost six years out from the start of the pandemic,” Korpacz said. “This is opening up some inventory that is desperately needed in Chicagoland and giving buyers more power to do things like negotiate closing costs in order to improve affordability further.” 

While detached home prices generally held stable in the broader suburbs over the last three months, several communities saw significant annualized price drops in November: Volo (median sale price decreased 100%), Ford Heights (-73%), East Hazel Crest (-48.4%), South Chicago Heights (-31.7%), Robbins (-30.2%), Wauconda (-28.1%) and River Grove (-26%).