Why are Chicago’s home prices rising so fast? - WBEZ Chicago

Source WBEZ
Original Load Date Oct. 29, 2026, 1:02 p.m.
Last Updated Oct. 29, 2026, 1:02 p.m.
Original URL https://www.wbez.org/in-the-loop-with-sasha-ann-simons/2026/10/29/why-are-chicagos-home-prices-rising-so-fast

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The costs of homes are rising across the country. But in Chicago, that rate is [ _already in the stratosphere._ ][9] Nationwide, the median home sale price increase is 1.3%. In Chicago, it’s a staggering 8.3%. This is also more than twice the rate of inflation (3.7%). So why are home prices here ...