JULY 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 comparing four neighborhoods and price ranges. There is also a button for each metric which shows detailed, interactive charts for monthly, YTD and ten year trends.
JUNE OVERVIEW
The June housing market remained defined by limited inventory and steady buyer demand. While transaction activity varied across neighborhoods and price ranges, the overall market continued to demonstrate resilience despite ongoing supply constraints.
Buyer activity remained healthy, particularly for well-priced homes in desirable locations, while inventory continued to lag behind historical norms. The limited number of homes available for sale has helped support home values and maintain competitive market conditions, even as some segments experienced more moderate sales activity.
Looking ahead, inventory is expected to remain the primary factor influencing market performance. Unless listing activity increases meaningfully, the market should continue to favor sellers, with stable pricing and continued competition for quality properties.
The June market continues to be driven by constrained inventory rather than weakening demand. Buyers remain active but selective, while sellers continue to benefit from limited competition and stable pricing. As long as inventory remains below historical levels, market conditions are expected to remain favorable for well-positioned sellers.
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JUNE HOME SALES
Year To Date 2026 vs 2025 - Down 8.2%
June 2026 vs 2025 - No Change
NOTEWORTHY: Home sales continue to reflect a market where buyers remain active but increasingly selective. Demand remains strongest for well-priced properties in desirable neighborhoods, while overall transaction volume has moderated as limited inventory and affordability challenges continue to influence purchasing decisions. Despite slower activity in certain market segments, buyer confidence remains healthy, particularly for homes that are appropriately priced and move-in ready.
JUNE HOMES UNDER CONTRACT
Year To Date 2026 vs 2025 - Down 6.3%
June 2026 vs 2025 - Down 2.4%
Noteworthy : Pending contract activity indicates that buyers remain engaged in the market, although purchasing decisions have become more deliberate. Properties offering strong value continue to generate competitive interest, while homes priced above current market expectations generally require longer marketing times. Overall contract activity suggests demand remains stable heading into the next phase of the selling season.
JUNE HOMES FOR SALE
Year To Date 2026 vs 2025 - Down 29.1%
June 2026 vs 2025 - Down 29.1%
Noteworthy: Inventory continues to be the defining factor shaping market conditions. Available homes remain well below historical norms across most neighborhoods and price ranges, limiting buyer options and sustaining competition for desirable listings. Until inventory levels improve meaningfully, supply constraints are expected to remain the primary influence on overall market performance.
JUNE MONTHS OF SUPPLY OF INVENTORY
Year To Date 2026 vs 2025 - Down 26.0% to 1.7 MSI
June 2026 vs 2025 - Down 30.4% to 1.6 MSI
Noteworthy : The continued decline in months of supply reinforces that market conditions remain favorable for sellers. Most neighborhoods continue to operate below the inventory levels typically associated with a balanced market, supporting pricing stability and reducing the likelihood of widespread price concessions. Buyers should continue to expect competitive conditions for well-positioned properties.
JUNE MEDIAN PRICING
Year To Date 2026 vs 2025 - Up 8.0%%
June 2026 vs 2025 - Up 17.7%
Noteworthy : Home values remain resilient despite moderating sales activity, reflecting the ongoing imbalance between buyer demand and available inventory. Price trends continue to vary by neighborhood and price point, but overall market conditions remain supportive of stable to appreciating home values. Limited supply continues to provide a solid foundation for pricing throughout the market.
JUNE NEW LISTINGS
Year To Date 2026 vs 2025- Down 15.4%
June 2026 vs 2025 - Down 7.0%
Noteworthy : New listing activity remains insufficient to satisfy current buyer demand, preventing meaningful improvement in available inventory. While sellers continue to bring properties to market, the pace of new supply has not been enough to offset ongoing buyer absorption. Continued growth in listing activity will be necessary before the market begins moving toward a more balanced environment.
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.