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Homes for Sale Under 250K in Chicago, IL

2,175 Homes for Sale

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Community iconCommunity 15 Homes Available
A1511 6833 N Kedzie Ave

Community iconWinston Towers

Chicago, IL 60645

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

Community iconCommunity 51 Homes Available
408 5455 N Sheridan Rd

Community iconEdgewater Plaza

Chicago, IL 60640

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

Price CutPrice Drop: $12K
Open House

$198,000

Views: 13

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,272sqft

Single family home for sale

11401 S Morgan St, Chicago, IL 60643

MLS ID #12654148, Realty Services Consortium

$197,000

Views: 5

Bedrooms: --Bds

Bathrooms: --Ba

Area: 4,356sqft lot

Land for sale

2054 N Pulaski Rd, Chicago, IL 60639

MLS ID #12750370, @Properties Christie'S International Real Estate

Community iconCommunity 18 Homes Available
2305 1255 N Sandburg Ter

Community iconSandburg

Chicago, IL 60610

Co-op Condo Community Lakefront Private Island / Enclave Townhome Community

Showing 547 - 588 of 2,175 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 2.5 months of supply and homes averaging 55 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

55

Inventory

4,328

Oct 2021Jul 2024Oct 2026

Median Home Price

$402,000Up 5.03%

In Oct 2026 · YoY

Oct 2021Jul 2024Oct 2026

Mortgage Rates 30-Yr Fixed

7.18%Down 0.06%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
4,328 Down 26.83%
Newly Listed Homes
9,285 Down 20.14%
Months of Supply
2.5 Down 10.71%

Housing Demand

Homes Sold
5,282 Down 17.70%
Sale-to-List Ratio
100.3% Up 0.91%
Homes Sold Above List
41.6% Up 13.28%

30-yr fixed rate 7.18% · Data as of Oct 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 10, 2026, 7:15 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 10, 2026, 7:15 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 prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. 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

2,175

Homes Available

Median List Price icon

$ 402,000

Median List Price

Avg on Market icon

55 Days

Avg on Market