How Fast Are Homes Selling? July 2025 Days-on-Market Update for the Chicago & Chicagoland Real Estate Market

Are you planning to buy or sell a home in the Chicago or Chicagoland area this year? One of the top questions I’m asked as a real estate broker is:

“How long does it take to sell a house in 2025?”

Here’s the most up-to-date answer for July 2025—using current stats and expert insights for both the city and the suburbs!

Chicago & Chicagoland Days-on-Market Stats (As of July 22, 2025)

City of Chicago:

• Single-family homes: Average 28 days on the market

• Condos & townhomes: Average 33 days

• Luxury properties ($1M+): Average 48 days (faster than last year!)

• Hottest neighborhoods (Logan Square, Lincoln Square, West Loop, etc.): As low as 14–18 days—homes here are often under contract in just a couple of weeks!

Chicagoland Suburbs:

• North/Northwest Suburbs (Evanston, Arlington Heights, Schaumburg, etc.): Average 26–32 days

• Western Suburbs (Naperville, Oak Park, Downers Grove, etc.): Average 30–35 days

• South/Southwest Suburbs (Orland Park, Tinley Park, Homewood, etc.): Average 28–36 days

• Luxury suburban properties: Range from 44–52 days on the market

Quick takeaway:Homes that are move-in ready and well-priced are still selling quickly—often with accepted offers in just weeks or even days!

Why Are Homes Selling So Fast in July 2025?

• Low Inventory: There are more buyers than homes for sale, especially for properties under $650,000.

• High Buyer Motivation: Renters are motivated to buy before further rate hikes or rent increases.

• Smart Pricing: Sellers who price accurately from the beginning attract more buyers and see multiple offers.

• Tech Advantage: Virtual tours, AI-powered listings, and rapid mortgage approvals keep deals moving fast.

What Sellers Should Know Now

• Make a Strong First Impression: Homes that are staged and professionally photographed get more attention and sell faster.

• Price Strategically: Overpricing leads to longer market time—even in 2025’s active market.

• Partner with a Pro: Work with an experienced, tech-savvy agent to reach the largest pool of buyers.

What Buyers Should Know in July 2025

• Get Pre-Approved: Be ready to act quickly when you see a home you love.

• Have Your Priorities Set: With homes moving fast, clarity helps you decide with confidence.

• Prepare for Competition: Desirable areas often see multiple offers within the first week.

Why Days-on-Market Matters in 2025

The average days on market for your neighborhood tells you a lot about local demand, pricing strategy, and what to expect when you buy or sell. Knowing this number helps you make smarter, more informed decisions—whether you’re in the city, suburbs, or investing across Chicagoland.

Ready to Buy or Sell in 2025? Get Your Custom Market Update!

If you want a personalized Days-on-Market report for your area, or want to find out what your home could sell for in today’s market, reach out!I use up-to-date data and cutting-edge AI tools to help my clients get the best possible results in every kind of market.

Contact me today for your free market update or to discuss your next move in the Chicago or Chicagoland real estate market!