onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Chicago home price growth rising, costs more than double rest of the country
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
News

Chicago home price growth rising, costs more than double rest of the country

Last updated: May 11, 2025 8:00 pm
Oliver James
Share
3 Min Read
Chicago home price growth rising, costs more than double rest of the country
SHARE

(The Center Square) – Republican state Rep. Chris Miller argues it’s not hard to see why Chicago has become such an outlier when it comes to its struggling housing market.

Price growth in the Chicago housing market is now running twice as high as the national average, with Crain’s monthly real estate data roundup showing rising costs across much of the area have been in effect since last summer as interest rates have continued to remain high.

“It’s been an accumulative effect of bad public policy from J.B. Pritzker and the radical Democrats because over the past four years, their policy has been so disastrous and their solution was to print money and throw money at everything and we all know that when you increase the velocity of money coming into the marketplace, it increases inflation,” Miller, R-Oakland, told The Center Square. “The high real estate taxes and all these things are a culmination of bad public policy. We’ve had population fleeing, businesses closing down.”

Overall, Illinois Realtors reports the median price of homes sold in Illinois in March was up by 6.1% compared to 2.7% across the country, with the number of homes sold in Chicago representing the fewest for the month since 2011, when the country was still struggling to rebound from the 2007-2008 housing bust.

With local home prices having recently hit a record high of $377,563 and sellers now asking for more than 7% more for their homes than they were just a few months earlier, Miller said it’s making for a far different looking Illinois.

“People are voting with their feet,” Miller said. “They’re buying homes, they just aren’t buying them in Illinois because they’re trying to get out of here and get to places that have better opportunity. I think the net effect of everything is that the economy in Illinois is driving people out. The greatest job fair for other states surrounding us is the behavior of the Illinois politicians.”

In late April, Chicago-area sellers were seeking an average of 3% more for their homes than they were at the same time a year prior.

You Might Also Like

Israeli forces resume Gaza ground assault, seize part of Netzarim Corridor | News

Woman killed in Greece after bomb explodes in her hands

What is the June 14 parade in DC celebrating?

You called me. No — you called ME. Before US-China meeting, nations each say the other wanted talks

Lawmakers weigh public housing reforms as welfare spending grows

Share This Article
Facebook X Copy Link Print
Share
Previous Article Why This Reptile Sounds Like It’s Snoring While Awake Why This Reptile Sounds Like It’s Snoring While Awake
Next Article Foreign overfishing in Senegal fuels migration to Spain, a report finds Foreign overfishing in Senegal fuels migration to Spain, a report finds

Latest News

Apple may be the only tech company getting AI right, actually
Apple may be the only tech company getting AI right, actually
Finance June 9, 2025
Maine Lottery results: See winning numbers for Powerball, Pick 3 on June 9, 2025
Maine Lottery results: See winning numbers for Powerball, Pick 3 on June 9, 2025
Finance June 9, 2025
DC Lottery results: See winning numbers for Powerball, DC 2 on June 9, 2025
DC Lottery results: See winning numbers for Powerball, DC 2 on June 9, 2025
Finance June 9, 2025
Idaho Lottery results: See winning numbers for Powerball, Pick 3 on June 9, 2025
Idaho Lottery results: See winning numbers for Powerball, Pick 3 on June 9, 2025
Finance June 9, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.