Top Mega Teams in Chicago, Illinois – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    1Dawn McKenna GroupColdwell Banker RealtyChicago, IL$558,013,270View Profile
    2Vesta TeamVesta Preferred RealtyChicago, IL$150,440,212View Profile
    3The Ben Lalez TeamCompassChicago, IL$149,118,112View Profile
    4The Sergio & Banks Group@properties Christie’s International Real EstateChicago, IL$84,443,330View Profile
    5Alex Stoykov GroupCompassChicago, IL$81,999,634View Profile
    6Qamar GroupCompassChicago, IL$72,679,793View Profile

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    2023 Chicago, Illinois Housing Market Summary

    Chicago, Illinois started 2023 with a total of 1,913 single-family homes on the market, with a median home price of $269,000 and an average price per square foot of $199. By the end of the year, inventory had decreased to 1,760 homes on the market (-7%), with a median home price of $299,999 (+11%) and an average price per square foot of $221 (+11%).

    At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had remained the same at 84 days.

    Chicago started the year with 49% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 44% of Chicago homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Chicago started 2023 as a seller’s market, with an MAI score of 44; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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