Veterans United in
Chicago-Naperville-Elgin, IL
in the IL, IN metro area
The Chicago housing market in October has weakened compared to last year with the median home price around $374,900 — down 2.6% from last year. Homes for sale in Chicago* now spend an average of 37 days on the market, and nearly 38% sell below asking price, giving buyers more negotiating power.
Just a few of the 738,955 Veterans we've helped get into homes.
9,158 Veterans in the Chicago-Naperville-Elgin, IL-IN area alone!
Based on Veterans United and Veterans United Realty's internal data.
Fred E. | U.S. Navy
Myles H. | U.S. Marine Corps
Patrick T. | U.S. Navy
Rico R. | U.S. Army
Roosevelt L. | U.S. Marine Corps
Steven S. | U.S. Navy
Teza S. | U.S. Army
Chicago Metro Housing Market in September 2025
Median Days on Market
37 days
Homes are staying on the market 4.23% longer than last month.
Average Listing Price
$540,474
Average home prices are down 1.91% since last month.
Active Listings
16,102 homes
Number of houses on the market are up 2.45% since last month.
Homes in the Chicago region sell at a moderate pace.
38% of listings reduced price last month.
9,496
New listings
Down 10.8% from last month
16,102
Active listings
Up 2.5% from last month
VA Loan Market Share
3.7% of originations last year were VA loans.
3,398
Sold last year
1/27
Were VA loans
Chicago Area
Own vs Rent Trends
A higher share of owner-occupied homes often reflects stronger long-term ties to the community, since homeowners are more likely to stay in one place and invest in their neighborhoods. By contrast, areas with a larger renter population may be more transient, offering flexibility but sometimes less stability in housing markets.
It could also be an indication of market health, as affordable markets often have higher owner-occupancy rates.
The home listing price-to-income ratio in the Chicago area is 4.3
The ratio compares how expensive homes are in Chicago relative to household income. A higher ratio means homes cost more compared to what people earn.
A healthy price-to-income ratio is generally around 3 times your household's annual income (or less), but higher ratios can be sustainable depending on your rate, DTI, and more.
Median Home Prices by Neighborhood in the Chicago Region
This section breaks down median home prices by neighborhood. Use these insights to see where housing costs trend higher or lower, and to better understand the market at the zip code level.
The Chicago metro median income is $87,071.
Explore Chicago Area Neighborhoods
See how median home prices in individual Chicago neighborhoods compare to the overall metro median.
View this chart to learn about the median listing price and the number of active listings in Chicago over time.
Month
Nov 2021
Dec 2021
Jan 2022
Feb 2022
Mar 2022
Apr 2022
May 2022
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Nov 2023
Dec 2023
Jan 2024
Feb 2024
Mar 2024
Apr 2024
May 2024
Jun 2024
Jul 2024
Aug 2024
Sep 2024
Oct 2024
Nov 2024
Dec 2024
Jan 2025
Feb 2025
Mar 2025
Apr 2025
May 2025
Jun 2025
Jul 2025
Aug 2025
Listing Price
$321,950
$312,500
$314,000
$324,487
$333,995
$349,900
$356,425
$359,950
$350,000
$349,900
$340,000
$339,900
$330,975
$320,000
$327,000
$337,500
$352,275
$369,000
$376,000
$382,500
$389,000
$384,500
$375,000
$369,950
$360,000
$350,000
$350,448
$359,950
$374,900
$389,300
$399,900
$399,900
$399,000
$385,000
$379,900
$369,000
$359,900
$347,450
$343,498
$349,450
$360,000
$372,450
$379,900
$379,900
$377,000
$374,900
Month
Nov 2021
Dec 2021
Jan 2022
Feb 2022
Mar 2022
Apr 2022
May 2022
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Nov 2023
Dec 2023
Jan 2024
Feb 2024
Mar 2024
Apr 2024
May 2024
Jun 2024
Jul 2024
Aug 2024
Sep 2024
Oct 2024
Nov 2024
Dec 2024
Jan 2025
Feb 2025
Mar 2025
Apr 2025
May 2025
Jun 2025
Jul 2025
Aug 2025
Active Listings
18,985
15,585
12,739
11,603
11,998
12,227
14,673
16,891
19,573
19,770
19,660
19,685
18,939
16,401
14,393
12,803
11,636
11,824
12,097
13,059
13,966
14,426
14,996
15,411
15,247
13,067
11,660
11,176
11,333
11,835
12,595
13,835
15,203
16,010
17,069
17,408
16,847
14,155
12,423
11,960
12,282
12,919
14,082
14,975
15,717
16,102
Median Days on Market
Days on Market
This chart shows the median days on market for active listings over time. In other words: how quickly homes move in the market. A declining rate means rising competition among buyers, while an increase means listings are sitting longer.
Month
Nov 2021
Dec 2021
Jan 2022
Feb 2022
Mar 2022
Apr 2022
May 2022
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Nov 2023
Dec 2023
Jan 2024
Feb 2024
Mar 2024
Apr 2024
May 2024
Jun 2024
Jul 2024
Aug 2024
Sep 2024
Oct 2024
Nov 2024
Dec 2024
Jan 2025
Feb 2025
Mar 2025
Apr 2025
May 2025
Jun 2025
Jul 2025
Aug 2025
Median Days on Market
46
55
61
41
36
32
30
31
32
37
41
40
45
57
64
47
42
39
34
34
36
36
37
37
41
51
56
40
33
34
25
25
29
36
36
37
43
51
57
43
36
33
32
33
36
37
Market Hotness Score
Market Hotness
Based on Realtor.com's Market Hotness Index, this measure reflects how competitive the housing market is by comparing buyer demand with available inventory. Rising hotness scores point to more competition, while declining scores signal cooling conditions.
Month
Dec 2023
Jan 2025
Feb 2025
Mar 2025
Apr 2025
May 2025
Jun 2025
Jul 2025
Aug 2025
Hotness Score
67.056856
77.090301
76.755853
75.919732
74.080268
75.919732
77.424749
79.765886
77.591973
Pending Homes-for-Sale %
Percentage of Homes Sold per Month
This chart shows the percentage of homes that sold each month, highlighting buyer demand and long-term market trends. In most markets, around 20% of listings selling each month is considered balanced. Higher percentages point to a strong sellers' market, while lower percentages indicate more favorable conditions for buyers.
Largest overall VA lender (purchase and refinance) for six of the last nine years.
More VA purchase loans than any other lender for the past nine consecutive years
Over the last five years, Veterans United made more VA purchase loans than USAA, Navy Federal Credit Union, Rocket Mortgage, Wells Fargo and Freedom Mortgage combined.
Many Veterans are surprised to learn that a 70% disability rating can qualify them for a property tax exemption in Illinois. In a competitive market like Chicago, every advantage counts, so don't give up. Keep making offers, stay active with backups and be ready to move if another deal falls through.
Darren A.Veterans United Network Realty Agent
1-800-985-5723 | 1512 Heriford Road, Columbia, MO 65202. Not affiliated with any government agency including the VA. Missouri Licensed Real Estate Brokerage; for license information, visit VeteransUnitedRealty.com. Equal Housing Opportunity.
Start Your VA Loan With Veterans United
Not sure where to begin? Whether you're stationed nearby or planning to move near Chicago, we’ll help you understand what to expect.
The VU team made our home buying experience easy and stress free.
Joseph T. | Marine Corps
Verified Customer
awesome service. was able to do everything within a little over 30 days.
Michael K. | Army
Verified Customer
Robert Keeley was also very good. He was very patient with all of the communications and all of the checklist processes. His was diligent in making sure all my information got to the underwriters and helped me understand exactly what they were asking of me. I am thankful for my whole team, to includ...
Chandra D. | Army
Verified Customer
Veterans United did an exceptional job. I gave them a very short deadline and they knocked it out of the park
Shawn F. | Air Force
Verified Customer
The ladies at VA united were the best!! They took such good care of me during the entire process. They made it such an easy and pleasant experience. Highly recommend!!!
Deana G. | Navy
Verified Customer
Very respectable and kind. Always on top of things and willing to answer any questions you have at any time with prompt responses.
Blane H. | Army
Verified Customer
Veterans United is unparalleled for home buying. I don't think other companies that say that are VA-backed can do what the people at VU can do. The process was well-detailed. The team I had went above and beyond to help me get my first home and become a homeowner.
Myles H. | Marine Corps
Verified Customer
Wes and the team were amazing and helped me at every step of the loan process. I would recommend Veterans United to any Veteran!
Juan S. | Navy
Verified Customer
All team members at Scott Air Force Base Veterans United went over and beyond the call of duty for me. From the lady at the front desk to Lindsay to Jessica to Michelle and everyone behind the scenes was deeply motivated. They are experts in writing VA loans. They had a good understanding on how t...
Sylvia L. | Army
Verified Customer
I had a team that helped me through every part of home purchasing. They kept me on top of things & were very pleasant.all in all a great experience!
Lee S. | Marine Corps
Verified Customer
We were in dire straights, our home had mold and I am disabled from Iraq. We turned to an internet search and we found Veteran's United. We went from a hotel to air bnb, but the team was there with us throughout the wait. Their kind words kept me sane, and my mind at ease. They never said we can't o...
Rico R. | Army
Verified Customer
Josh and his team were ready to move mountains just for us to have a smooth closing date!
Mindy M. |
Verified Customer
Veterans United was extremely responsive to our needs and helped us get into a new home in a timely manner. I would highly recommend. Lisa Shrum was also there to help out whenever needed.
*Unless stated otherwise, data for the metro refers to the CBSA ("Core-Based Statistical Area"), the defined geography that makes up the surrounding metropolitan and micropolitan areas.
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