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Chicagoland homes hit median sales price of $350K in June - Chicago Agent Magazine Associations


Chicagoland homes hit median sales price of $350K in June
by Timothy Inklebarger
July 25, 2021
Typical Midwest USA city suburbs (Chicago in this case) neighborhood on a nice early fall day.
The median price of a single-family home in Chicagoland was up 22.8% year over year in June, reaching a sticker price of $349,900, according to the Mainstreet Organization of REALTORS® (MORe).
It’s a record high, as was the median sales price of attached homes at $205,500, which is year-over-year increase of 15.3%.
MORe noted that National Association of Realtors Chief Economist Lawrence Yun says to expect continued price gains across the nation for the next few months. Though he predicts price declines will be small and short lived, Yun advises that the market will begin to cool by the end of the year and into 2022. ....

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