Chicago and Suburbs Real Estate: Nearing the End of Q1 2025 with Positive Momentum
As we near the end of the first quarter of 2025, the Chicago real estate market and its surrounding suburbs have demonstrated a notable level of resilience and strength. Despite the shifting dynamics of rising interest rates and ongoing economic pressures, the market is holding steady, driven by continued demand, particularly in sought-after neighborhoods within the city and suburban areas alike.
In Chicago, key areas such as Lincoln Park, River North, and Wicker Park continue to show strong interest, with tight inventory levels keeping competition high. Although the luxury market experienced a slight slow down earlier in the year, the suburbs are picking up the slack, with towns like Naperville, Oak Brook, and Skokie seeing a marked increase in home sales and value appreciation. Suburban homes, offering more space and proximity to top-rated schools and parks, are particularly appealing to families and those seeking a quieter lifestyle, yet still within commuting distance of downtown.
For buyers and sellers, the first quarter has highlighted a shift in preferences, driven largely by hybrid work schedules. Suburban homes offer the much-desired extra square footage, which remains in demand as more people seek out homes that balance work, life, and comfort. Experts anticipate that the market will continue to evolve as we move into the second quarter, with further growth expected in suburban markets and increasing competition for condos and townhomes in the city as interest rates adjust.
With over 20 years of experience in real estate, I, Frank Campobasso, have witnessed many shifts in the market over the years. As an award-winning realtor with Century 21 Circle, my commitment to delivering exceptional service has earned me a reputation as a trusted advisor in today’s competitive real estate environment. My experience, combined with a personalized approach, ensures that whether you’re buying or selling, you have a dedicated professional by your side.
As we head into the second quarter of 2025, the Chicago and suburban real estate market shows no signs of slowing down. Whether you're looking to invest, buy, or sell, the opportunities are here—and I’m ready to help you navigate them. You can reach me at 773-425-6265 to discuss your real estate goals and how I can help you achieve them.
