Median sales price of a Chicago home is $390,000. Here’s what that price could get you.

The number of homes for sale in Chicago is tightening, making it a competitive market for potential buyers, according to data from the Chicago Association of Realtors.

The association’s report, released this month, said inventory of homes for sale in May was 4,264, down 13.7% year over year.

Home sales, not including those under contract, also declined last month, falling by 7.3%, compared to May 2024. Meanwhile, the median sales price was $390,000, up 8.3% compared to May 2024, when the price was $360,000.

Fewer homes on the market makes it harder for homebuyers to find what they’re looking for, and with the city’s median sales price on the rise it could also be more expensive for buyers.

The Sun-Times checked to see what a person could buy that’s near the city’s median sales price of $390,000. Here are five listings in Chicago, according to Redfin data.

5029 W. Superior St., Austin
Price: $392,000
Size: 1,902 square feet, 5 bedroom/3 baths
Built: 1910
Agent: Kiran Adimulam of Charles Rutenberg Realty of IL

The five-bedroom rehabbed home has three bathrooms, one on each floor. The kitchen will have new stainless steel appliances installed prior to closing, according to listing details. The finished basement has a separate entrance, and the backyard is fenced in. The property sold in February for $135,000 and hit the market this month, listing details show.

5068 W. Congress Parkway, Austin
Price: $399,900
Size: 2,500 square feet, 5 bedrooms/2 baths
Built: 1915
Agent: Maria Munoz of Coldwell Banker Realty

The five-bedroom home has a new kitchen with stainless steel appliances and quartz countertops. There’s an additional flex room on the main floor. The home has a finished basement with two bedrooms and a laundry room. The home last traded hands in September 2024, selling for $115,000, records show.

2922 W. Polk St., East Garfield Park
Price: $399,900
Size: 1,589 square feet, 4 bedrooms/2 baths
Built: 1893
Agent: Edgar Guerrero of Remax Legends

The three-story, recently renovated home has a kitchen with quartz countertops and a waterfall center island. The fully finished basement has family room, two bedrooms and a bathroom, along with a rear storage room, according to listing details. It also has new electric and plumbing systems, tankless water heater and a backyard deck and elevated concrete parking area for two cars.

330 W. Grand Ave., Unit 904, River North
Price: $399,900
HOA: $758/month
Size: 1,100 square feet, 2 bedrooms/2 baths
Built: 2005
Agents: Megan Wood and Russell Burton of Compass

The northwest corner condo has floor-to-ceiling windows, brand new French oak luxury vinyl flooring and new bedroom carpeting. There’s a 75-square-foot private balcony off the living room space, and the primary suite includes a soaking tub. Building amenities at the pet-friendly, 21-story tower include 24-hour door staff, fitness center, business center, receiving room and garage parking. It also has no rental cap.

1143 S. Plymouth Court, Unit 407, South Loop
Price: $399,000
HOA: $961/month
Size: 1,550 square feet, 3 bedrooms/2 baths
Built: 1982
Agent: Jake Tasharski of Compass

The three-bedroom unit includes two renovated bathrooms as well as two walk-in closets and storage space. The southwest-facing home’s kitchen has stainless steel appliances, ceramic tile flooring and granite countertops. Building amenities include a community pool, on-site laundry and attached garage parking with a waitlist or monthly parking nearby. Internet and cable are included in the HOA fees.