Chicago median home sale price of $360,000 could get you these homes

The median sale price for a home in Chicago rose last month to $360,000, up 3.6% over September 2024, according to the latest report from the Chicago Association of Realtors.

The median price for the year so far is $377,000, up 6.2% compared to the same period last year.

That’s as the number of homes for sale in Chicago last month dropped by double digits, leaving fewer options for homebuyers. The Chicago Association of Realtors said inventory in September dropped by 21.2% year over year. There were 4,354 homes on the market, compared to 5,527 homes in September 2024, according to the real estate brokers group.

Nationally, housing inventory declined for the first time in 2025, falling by 1.3% month over month to 1.53 million units last month. Even though the number of homes for sale fell, total inventory is 11.7% higher than at the same time last year, according to the National Association of Realtors.

With inventory tight and homes selling at higher prices, the Chicago Sun-Times checked to see what a person could buy at the city’s median sale price. Here are five Chicago listings, according to Redfin data.

2457 W. Foster Ave., #1, Lincoln Square
Price: $360,000
HOA: $267/month
Size: 1,400 square feet, 2 bedrooms/2 baths
Built: 2007
Agent: Emily Weseman of RE/MAX 10 Lincoln Park

The two-bedroom garden unit condo has a gas fireplace and outdoor patio space off the living room. The primary bedroom has an en suite bathroom. The condo also has built-in speakers and a central vacuum system. Off street parking is included in the price. The home last sold in 2021 for $300,000.

7924 S. Lowe Ave., Auburn Gresham
Price: $360,000
Size: Square footage not listed, 6 bedrooms/2 baths
Built: 1888
Agent: Deja Blair of Blue Door Dave Inc

The multifamily two-flat was renovated in 2021. Both units have stainless steel appliances, dishwashers, central air conditioning and laundry in the basement. The first unit includes two bedrooms, and the second has four bedrooms. Each has one bathroom. There’s also a two-car garage. Listing details show it last sold in 2021 — for $300,000. The property was first listed in July, at $369,900.

111 S. Morgan St., #701, West Loop
Price: $355,000
HOA: $502/month
Size: 900 square feet, 1 bedroom/1 bath
Built: 2004
Agents: Alyse and Leslie Martinez of Mark Allen Realty ERA Powered

The corner loft has an open-concept living area with hardwood floors and a fireplace. The kitchen includes granite countertops and stainless steel appliances. The bathroom has a separate tub and shower. There’s a west-facing balcony and in-unit laundry. Building amenities include garage parking and 24-hour door staff. Cable and internet are included in the price.

512 E. Oakwood Blvd. #2, Grand Boulevard
Price: $359,999
HOA: $284/month
Size: 2,200 square feet, 3 bedrooms/3 baths
Built: Not disclosed
Agents: Alex Harris and Rafay Qamar of Real Broker

The three-bedroom condo has hardwood floors and an open-concept living and dining area, with built-in surround sound. There’s also a private balcony. The kitchen has stainless steel appliances and granite countertops. The primary bedroom’s bathroom has marble tile, a Jacuzzi tub and a separate shower. A parking space is included in the price. The property was last sold in 2022, for $368,000.

8419 S. Morgan St., Auburn Gresham
Price: $359,900
Size: 1,100 square feet, 4 bedrooms/3 baths
Built: 1920
Agent: John Bielecki of Oak Realty of Chicago

The recently renovated brick bungalow has hardwood floors on the main level, which includes formal living and dining rooms and the kitchen. Each of the floors have a bathroom, including the finished basement. The property has a two-car garage. The home last sold in Mayk for $105,000.