APRIL 2026 MARKET ANALYSIS FOR CHICAGO'S NORTH SIDE
Our monthly market analysis details six real estate metrics for the Near North Side, Lincoln Park, Lakeview and North Center, followed by our comprehensive monthly summary.
Please let us know if you need information on any of Chicago’s other neighborhoods
MARCH HOME SALES
Year To Date 2026 vs 2025 - Down 17.3%
March 2026 vs 2025 - Down 16.0%
NOTEWORTHY:
Closed sales activity weakened overall, with mid-market segments leading declines, while luxury sales showed resilience.
MARCH HOMES UNDER CONTRACT
Year To Date 2026 vs 2025 - Down 16.4%
March 2026 vs 2025 - Down 13.8%
Noteworthy :
Most home sales that closed this month went under contract in a previous month. Units Under Contract reflects a more accurate picture of the current month, although not every home that goes under contract closes.
Units that went under contract in March softened overall but showed pockets of strength, particularly in North Center and mid-tier pricing.
MARCH HOMES FOR SALE
Year To Date 2026 vs 2025 - Down 32.4%
March 2026 vs 2025 - Down 34.2%
Noteworthy:
Inventory contraction remains the dominant market force, especially in Lincoln Park and mid-tier price segments.
MARCH MONTHS OF SUPPLY OF INVENTORY
Year To Date 2026 vs 2025 - Down 28.6% to 1.5 MSI
March 2026 vs 2025 - Down 31.8% to 1.5 MSI
Noteworthy :
Supply levels tightened further due to falling inventory outpacing sales declines.
The market remains inventory-constrained, with tightening supply across all segments despite slower transactions.
MARCH MEDIAN PRICING
Year To Date 2026 vs 2025 - Up 4.4%%
March 2026 vs 2025 - Up 5.7%
Noteworthy :
Home prices increased overall, supported by constrained supply and selective demand.
Prices rose modestly overall, with strong gains in North Center offsetting softness in Lincoln Park.
MARCH NEW LISTINGS
Year To Date 2026 vs 2025- Down 22.1%
March 2026 vs 2025 - Down 19.9%
Noteworthy :
New listing activity declined significantly, continuing to restrict available supply.
Listing activity remains weak, particularly in Lincoln Park and higher price tiers, further tightening supply.
MARCH SUMMARY
The March housing market reflects a continued imbalance between supply and demand, characterized by:
🔻 Slowing Activity
Sales and contracts declined across most segments
Mid-market and Lincoln Park saw the largest pullbacks
🔻 Severe Supply Constraints
Inventory down over 30%+ across all segments
New listings remain significantly below prior year
🔺 Pricing Resilience
Median prices increased despite lower sales
Strength driven by North Center and constrained inventory
Key Takeaway
March reinforces a supply-driven market:
Even as demand moderates, the sharper decline in inventory and new listings is keeping the market tight — supporting prices and limiting transaction volume.
Going Forward
With the current financial issues at the national and local levels, events continue to unfold. This makes it a challenge to predict with certainty how our local real estate will be affected. The single most positive aspect of this market is that there is an abundance of buyers who want to buy and live in our neighborhoods.
We will keep you updated.
YOUR HOME
A logical question would be “how does all of this affect the home that I am planning to sell or potentially buy?”
Every home is unique and a detailed analysis of your property and neighborhood is a necessity to fully understand the true market value and whether this is the right time to buy or sell.
There are many criteria both objective and subjective that must be analyzed in order to get a true picture.
Internet home pricing sites that claim to calculate your home’s value using only algorithms can be wildly inaccurate. Many market analysis from real estate agents that have not taken the time to personally tour the home can also be seriously flawed. Today’s volatility demands that you get a broker who thoroughly understands this rapidly changing market.
Whether you are buying or selling a home, we would welcome the opportunity to have a conversation about your real estate needs, goals and expectations.