Elliot Small Group

The Chicago Market 📈🏡⁠
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Compared to the rest of the country, real estate prices in Chicago have been rising at 5x the national pace.⁠
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March marked the second consecutive month of accelerated growth, and notably, the median home price reached an all-time high.⁠
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While this may seem discouraging for prospective buyers, it actually reflects the underlying resilience of the local market.⁠
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Purchasing a home remains one of the most powerful long-term investments.⁠
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Here’s a closer look at the numbers 👇🏻:⁠
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👉🏻 In March, the median sale price increased 7.7% YOY.⁠
👉🏻 Nationally, median prices rose only 1.4% YOY.⁠
👉🏻 Median sale price reached $409,200, surpassing the $400k record.⁠
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Typically, median sale prices peak around June/July. Reaching this milestone in March may signal price surges as we head into summer. ☀️⁠
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Now more than ever, working with a knowledgeable local expert is essential – whether you’re buying, selling, or renting. ⁠
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Success in this market comes down to timing, strategy, and positioning yourself for the best possible outcome.⁠
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If you have any questions about real estate, buying, or listing your home, leave a comment or send a DM!⁠ 📲⁠
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Elliot Small Group | Chicago Real Estate⁠
📱 ⁠847-373-0990⁠
📧 [email protected]