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Cheap Homes for Sale in Chicago, IL

1,376 Homes for Sale

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Community iconCommunity 17 Homes Available
2629 4250 N Marine Dr

Community iconImperial Towers

Chicago, IL 60613

Co-op Condo Community Gated Community Lakefront Private Island / Enclave Single-Family Home (SFH) Townhome Community

Community iconCommunity 15 Homes Available
1704 7033 N Kedzie Ave

Community iconWinston Towers

Chicago, IL 60645

Co-op Condo Community Lakefront Private Island / Enclave Single-Family Home (SFH) Townhome Community

$244,900

Views: 4

Bedrooms: 3Bds

Bathrooms: 3Ba

Area: 1,150sqft

Single family home for sale

10243 S Ave M, Chicago, IL 60617

MLS ID #12793726, Chicagoland Brokers Inc.

Price CutPrice Drop: $4K
No HOANo HOA

$225,500

Views: 11

Bedrooms: 2Bds

Bathrooms: 2Ba

Area: 1,040sqft

Single family home for sale

8955 S May St, Chicago, IL 60620

MLS ID #12673496, Luthetis S. Carey

Price CutPrice Drop: $10K

$249,000

Views: 13

Bedrooms: 5Bds

Bathrooms: 2Ba

Area: --sqft

Multi family home for sale

6820 S Prairie Ave, Chicago, IL 60637

MLS ID #12764521, Better Homes & Gardens Real Estate

Showing 85 - 126 of 1,376 homes for sale in Chicago, IL

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Chicago, IL Housing Market Overview

Chicago is a balanced market, giving buyers and sellers room to negotiate. With 2.1 months of supply and homes averaging 54 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

54

Inventory

4,195

Oct 2021Jul 2024Sep 2026

Median Home Price

$410,000Up 6.49%

In Sep 2026 · YoY

Oct 2021Jul 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
4,195 Down 30.37%
Newly Listed Homes
9,509 Down 19.73%
Months of Supply
2.1 Down 22.22%

Housing Demand

Homes Sold
6,023 Down 10.85%
Sale-to-List Ratio
100.8% Up 1.10%
Homes Sold Above List
44.5% Up 16.13%

30-yr fixed rate 6.23% · Data as of Sep 2026 · Source: Houzeo Research.

View Full Chicago Market Report
  • mls-img
    This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Nov 1, 2026, 4:30 PM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.

    Based on information submitted to the MLS GRID as of Nov 1, 2026, 4:30 PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS,

    Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved
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Homes Available icon

1,376

Homes Available

Median List Price icon

$ 410,000

Median List Price

Avg on Market icon

54 Days

Avg on Market