Downtown Chicago Median Home Prices — February 2026
What are the current median home values across 9 Downtown Chicago neighborhoods?
Here’s an up-to-date snapshot of how the market looks as of early 2026 — crucial for buyers, sellers, and investors alike.
Chicago Real Estate Live Market Reports by Neighborhood
📍 Neighborhood Price Breakdown
| Neighborhood | Median Home Price |
|---|---|
| West Loop | ~$495,000 (median listing price) — up ~10% YoY 📈 (Realtor) |
| South Loop | ~$371,000 (median sold price) — slightly down ~0.8% YoY 📉 (Redfin) |
| River North | ~$439,000 (median sold price) — up ~3.3% YoY 📈 (Redfin) |
| Chicago Loop | ~$279,000 (Zillow home value index) — down year-over-year 📉 (zillow.com) |
| Gold Coast | ~$499,000 (median sold price) — down ~20% YoY 📉 (Redfin) |
| Lincoln Park | ~$622,000 (average home value) — up ~5–6% YoY 📈 (zillow.com) |
| Streeterville | ~$580,000 (median listing price) — moderate competition 📈 (Realtor) |
| Old Town | Data not specifically available online for Feb 2026 — typically valued similar to Near North neighborhoods like Gold Coast/River North |
| Additional Downtown Summary | Condo and urban home values overall vary widely, often above or below city averages depending on building amenities and location type 📊 (SoFi) |
👉 Citywide context: Chicago’s broader housing market has seen median prices around ~$355,000–$365,000 recently, with small year-over-year gains in 2026 overall. (Redfin)
📈 What This Means for Buyers & Sellers
🌆 Downtown Is Diverse
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Premium urban cores like Streeterville and Lincoln Park still trend higher than the overall city median. (zillow.com)
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Transit-oriented and lifestyle-centric areas like West Loop are showing ongoing demand and price growth. (Realtor)
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More traditional downtown cores like The Loop itself hover closer to — or below — city averages. (zillow.com)
📊 Market Trends
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Prices in some neighborhoods (Gold Coast, Loop) show year-over-year softness, reflecting condo market pressures and broader urban inventory shifts. (zillow.com)
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Other neighborhoods continue to appreciate, especially where lifestyle and amenities remain strong. (zillow.com)
🏙️ What Buyers & Sellers Should Know
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Buyers may find opportunity in areas where prices have moderated — but competition remains strong in premium downtown segments.
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Sellers can benefit from understanding nuanced variations by neighborhood rather than a one-size-fits-all Chicago price.
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Investors should look closely at inventory trends, days on market, and segment-level demand data for condos vs. townhomes.
📌 Neighborhood Listing Tips
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West Loop: Still desirable with a broad range of housing types — strong pricing and solid demand. (Realtor)
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Streeterville: Urban living with access to lakeside amenities — competitive pricing around $550K–$600K. (Realtor)
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River North: Great option for young professionals and amenity-rich lifestyle buyers. (Redfin)
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Lincoln Park: Highest value among downtown neighborhoods — often with room for premium pricing. (zillow.com)
📣 Thinking of Making a Move in Downtown Chicago?
If you’re curious how your property stacks up right now, or you want a detailed home valuation or custom market report for your specific building or condo, let’s connect.
I’m Christine Hancock — Downtown Chicago Real Estate Expert — and I can help you navigate this dynamic market with data-backed insights and tailored strategy.
📩 Request a home valuation or personalized market report today — so you get the clearest picture of value in your exact downtown neighborhood.
