Housing Market Report for Old Town, Chicago, IL

This housing market report uses absorption rates to track supply and demand for Old Town, Chicago, IL. With 1 months of inventory across all segments, conditions currently favor sellers — demand is outpacing supply, homes tend to sell quickly, and prices are likely holding firm or rising. Use the tables below to explore specific price ranges and property types in detail. [Last updated: September 18, 2026]

Seller's Market
Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market
3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market
Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

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Houses

Hottest Segment 🔥
$1.4m – $1.5m

Absorption rate of 0.3, with 3 months of inventory.

Coolest Segment ❄️
$5m – $6m

With 12 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$3.5m – $4m

0 active listings with 4 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.7 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
850k-900k 1 0
1.1m-1.2m 1 0.2 0 Seller's
1.2m-1.3m 1 0.2 0 Seller's
1.4m-1.5m 1 2 2 0.3 3 Balanced
1.5m-1.6m 1 0.2 0 Seller's
1.6m-1.7m 1 0.2 0 Seller's
1.7m-1.8m 1 0.2 0 Seller's
2m-2.25m 1 0.2 0 Seller's
2.25m-2.5m 2 1 0.3 0 Seller's
2.5m-2.75m 1 0.2 0 Seller's
2.75m-3m 1 1 0.2 0 Seller's
3m-3.5m 1 0.2 0 Seller's
3.5m-4m 4 1 0.7 0 Seller's
4m-4.5m 1 1 0.2 6 Balanced
5m-6m 2 1 0.1 12 Buyer's
6m-7m 1 0
7m-8m 1 0.2 0 Seller's
8m-9m 1 0.2 0 Seller's

Townhouses

Coolest Segment ❄️
$475k – $500k

With 0 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$1.1m – $1.2m

0 active listings with 4 sold in the last 6 months.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
475k-500k 1 0.2 0 Seller's
650k-700k 3 0.5 0 Seller's
700k-750k 1 0.2 0 Seller's
800k-850k 3 0.5 0 Seller's
850k-900k 1 0.2 0 Seller's
900k-950k 1 1 0.2 0 Seller's
950k-1m 1 0.2 0 Seller's
1m-1.1m 3 0.5 0 Seller's
1.1m-1.2m 4 0.7 0 Seller's
1.2m-1.3m 3 0.5 0 Seller's
1.3m-1.4m 1 0.2 0 Seller's
1.5m-1.6m 1 0.2 0 Seller's
1.7m-1.8m 1 0.2 0 Seller's

Condos

Hottest Segment 🔥
$325k – $350k

Absorption rate of 3, with 0.3 months of inventory.

Coolest Segment ❄️
$475k – $500k

With 15 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$325k – $350k

1 active listings with 18 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 0.9 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
150k-175k 4 0.7 0 Seller's
175k-200k 4 0.7 0 Seller's
200k-225k 7 4 1.2 0 Seller's
225k-250k 1 10 1 1.7 0.6 Seller's
250k-275k 3 12 1 0.7 1.5 Seller's
275k-300k 2 11 3 0.9 1.1 Seller's
300k-325k 3 12 0.7 1.5 Seller's
325k-350k 1 18 3 3 0.3 Seller's
350k-375k 1 9 1.5 0.7 Seller's
375k-400k 2 7 1 0.6 1.7 Seller's
400k-425k 2 5 1 0.4 2.4 Seller's
425k-450k 11 1 1.8 0 Seller's
450k-475k 2 7 0.6 1.7 Seller's
475k-500k 5 2 0.1 15 Buyer's
500k-550k 1 11 1.8 0.5 Seller's
550k-600k 1 6 1 1 1 Seller's
600k-650k 1 13 2.2 0.5 Seller's
650k-700k 7 1.2 0 Seller's
700k-750k 7 1.2 0 Seller's
750k-800k 4 0.7 0 Seller's
800k-850k 1 4 1 0.7 1.5 Seller's
850k-900k 6 3 1 0 Seller's
900k-950k 1 2 0.3 3 Balanced
950k-1m 1 0.2 0 Seller's
1m-1.1m 1 0.2 0 Seller's
1.1m-1.2m 2 0.3 0 Seller's
1.2m-1.3m 1 2 0.3 3 Balanced
1.3m-1.4m 2 0.3 0 Seller's
1.4m-1.5m 3 0.5 0 Seller's
1.5m-1.6m 3 0.5 0 Seller's
1.6m-1.7m 1 0.2 0 Seller's
1.7m-1.8m 1 0.2 0 Seller's
1.8m-1.9m 1 1 0.2 6 Balanced
1.9m-2m 2 2 0.2 6 Balanced
2m-2.25m 1 2 0.3 3 Balanced
2.25m-2.5m 4 0.7 0 Seller's
2.5m-2.75m 1 0.2 0 Seller's

Land

Hottest Segment 🔥
$0 – $25k

Absorption rate of 0.2, with 6 months of inventory.

Coolest Segment ❄️
$0 – $25k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$0 – $25k

1 active listings with 1 sold in the last 6 months.

Market Overview
All Segments

With 30 months of inventory overall, buyers currently hold the advantage.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
0-25k 1 1 0.2 6 Balanced
25k-50k 4 0

Neighboring Cities

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