🏘️ Is Housing Inventory Rising Across Chicagoland?

🏘️ Is Housing Inventory Rising Across Chicagoland?

If you’ve been noticing more “For Sale” signs around, you're not imagining it. Inventory is rising in many parts of the Chicagoland area—but not everywhere. Here's a closer look at what's happening in Chicago and its surrounding suburbs, and what it means if you're planning to buy or sell soon.

📈 1. Chicago Metro Area: Inventory is on the Rise—Slowly

Across the greater Chicagoland area—including suburbs like Elmhurst, Addison, River Grove, and more—inventory is beginning to climb.

• Active listings are up 31.5% year-over-year according to Realtor.com (May 2025).

• The broader Chicago-Naperville-Elgin metro area had nearly 14,975 active listings in June, up from 12,282 in March (FRED data).

• Despite this increase, inventory is still 14% below pre-pandemic levels, so it’s not a full buyer’s market yet.

This slow increase gives buyers more options and a little breathing room, especially in the suburbs.

🏙️ 2. City of Chicago: Inventory Is Still Tight

While the metro area is gaining listings, the City of Chicago itself is trending in the opposite direction.

• Inventory in the city fell 14.8% year-over-year—from 4,437 homes for sale in March 2024 to 3,779 in March 2025 (Illinois Realtors).

• At the same time, median home prices climbed to $380K–$400K, depending on the neighborhood—up 6–9% year-over-year.

• Homes are still selling fast, averaging 49 days on market (Redfin, May 2025).

👉 In short: If you're looking in the city, expect tighter competition and fewer options than in the surrounding areas.

🌳 3. Suburban Snapshot: Inventory is Easing Up

Some suburbs are seeing more noticeable gains in inventory and a slight slowing of market pace. Here's a breakdown:

• Elmhurst: Listings rose 6.1%–20% month-over-month (depending on bed count). Median home prices climbed 9.1% year-over-year to $580K.

• Addison, Bensenville, Wood Dale, Itasca: These western suburbs are experiencing steady listing activity. Wood Dale’s median price is up 7.9% YoY, with homes staying on the market around 81 days.

• Elmwood Park, Franklin Park, River Grove: Seeing inventory levels slowly increase. Some listings sit longer than a year ago, creating opportunity for strategic buyers.

• River Forest & Oak Park: Still competitive, but buyers have more negotiation room now than they did in early 2023.

💡 What This Means for Buyers & Sellers

For Buyers:

• Inventory is improving in many suburbs. That means more choices, more time to decide, and stronger negotiating power.

• In the city, you'll still need to move quickly and have a strategic plan in place to win.

• Overall, this is a great time to shop smartly, especially before rates or prices move again.

For Sellers:

• Even with more listings coming on the market, many areas are still undersupplied, keeping prices strong.

• However, with growing competition, the sellers who succeed are the ones who price right and market hard.

💼 97% of my listings are still selling within 3 weeks and above asking price—even in this shifting environment.

The reason?
✔️ 21 years of experience navigating multiple market cycles
✔️ Strategic pricing and preparation
✔️ Aggressive digital and traditional marketing
✔️ Relentless follow-up with buyers and agents

📊 Snapshot Table

🗺️ Serving All These Communities and Surrounding Areas:

• City of Chicago

• Addison

• Elmwood Park

• Franklin Park

• Leyden Township

• River Grove

• River Forest

• Oak Park

• Wood Dale

• Bensenville

• Itasca

• Elmhurst

• South Suburbs

• Arlington Heights
• Des Plaines

If you live in one of these communities—or are thinking about moving to one—I’ve got the tools, experience, and local insight to guide you every step of the way.  If your area has not been mentioned and you're looking for more information, please contact me as I most likely cover that area also.

🐺 Let’s Talk Strategy

Whether you're buying or selling, now is the time to make your move confidently.

📞 Call or Text: 773-425-6265
🌐 www.CampoSellsHouses.com
⭐ View My Reviews

Frank “Campo” Campobasso
Century 21 Circle
The Wolf of Lake Street
20+ Years. Hundreds of Deals. Thousands of Happy Clients.