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Real estate news in Chicago

Bowtie Economist shares insights at Mainstreet event: ‘The economy is fine’

Mainstreet REALTORS® hosts Economic Outlook event in Rolling Meadows.

Annual Illinois home sales dipped but rose in December at year-end

Despite an increase in December home sales, annual sales were down as 2024 came to a close in both Illinois and Chicagoland. The new data comes from Illinois REALTORS®.

Home prices rose in all major cities in 2024, including Chicago

For the first time in two years, home prices are on the rise in every major metro and Chicago is one of them, according to a new Redfin report. 

Detached sales slipped in the suburbs, attached sales rose: 2024 in review

The number of detached homes sold in Chicagoland suburbs decreased in 2024, while prices continued to climb, according to new data from the Mainstreet REALTORS®. However, attached home sales rose.

Chicago ranks high among best cities in the world

Once again, Chicago ranks among the best cities in the world, according to Time Out magazine’s annual list. This time, the Second City came in at No. 11.

This Chicago suburb ranks among the top travel destinations worldwide

Illinois’ own Oak Park came in at No. 48 on Travel Lemmings’ list of world’s top 50 travel destinations.

The hottest housing market is in Illinois — 2 hours outside of Chicago

Rockford is technically the fifth-largest city in Illinois. But according to Realtor.com, it’s the hottest housing market in the nation.

Chicago home sales jump year over year in December 

Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said. 

Chicago makes list of 2025 hottest real estate markets

Zillow has released its list of the hottest real estate markets predicted in 2025 and Chicago made the ranking.

Results Realty ERA Powered acquires Mark Allen Realty

Results Realty ERA Powered, located in St. Charles, has acquired the independent firm Mark Allen Realty. Mark Allen Realty will operate a Mark Allen Realty ERA Powered.

Chicago’s top 5 news stories from 2024

Over the past 12 months, our local coverage tracked all the local breaking news. These were the most-read Chicago stories.

Statewide sales, prices and inventory surge for second month straight

Home sales, median prices and the number of for-sale homes all rose in Illinois during November, year over year, according to new data from Illinois REALTORS®.

Suburban homes are taking (slightly) longer to sell

Homes in the Chicago suburbs are spending slightly more time on the market, according to new data from Mainstreet REALTORS®.

Marcey Street development stalls — again — amid zoning slowdown

Tensions were high when the Chicago City Council failed to accept or reject Sterling Bay’s proposed new development on Dec. 11.

Suburban Chicago rated the second-hottest rental market in the nation

The report cited hot rental markets in Arlington Heights, Barrington, Deerfield, Evanston, Glenview, Naperville and Oak Brook.

RE/MAX: Atlanta home sales inch higher year over year in November 

On a monthly basis, however, sales were down 13.3%, RE/MAX said. 

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