Market Update

Market updates

One letter a month for each market I follow, with the numbers behind it.

Published October 18, 2026 in Market Update · Hinsdale

Hinsdale prices rose even as more listings came to market

In the three months ending August 31, 2026, the Real Estate Data Aggregator counted 96 homes sold in Hinsdale at a median price of $1,537,500, up 11% from the same period a year before.

By Thurston Gayle
Homes sold
Up 5.5% from 2025
Homes for sale
Down 9% from 2025
Months of supply
Down 0.4 months from 2025
Read the letter

Published October 18, 2026 in Market Update · Glencoe

Glencoe moved faster even with rates above 7%

The three months ending August 31, 2026 showed Glencoe sellers collecting more than list price while homes left the market faster than a year ago.

By Thurston Gayle
Median days on market
9 days shorter than a year ago
Months of supply
Down 0.5 months from a year ago
Under contract within two weeks
Up 8.4 points from a year ago
Read the letter

Published October 18, 2026 in Market Update · West Loop / Near West Side

Prices and sales both rose in West Loop and Near West Side

In the three months ending August 31, 2026, the Real Estate Data Aggregator counted more deals and higher prices in ZIP 60607, even as mortgage rates climbed past 7%.

By Thurston Gayle
Median sale price
Up 15.5% from the same months in 2025
Homes sold
Up 12.3% from the same months in 2025
Pending sales
Up 11.7% from the same months in 2025
Read the letter

Published October 18, 2026 in Market Update · South Loop

One part of South Loop is much tighter than the other

ZIP 60605 and ZIP 60616 sit a few blocks apart, but their supply numbers tell two different stories as of October 18, 2026.

By Thurston Gayle
Homes sold
up 1.7% year over year
Months of supply
down 1.1 months year over year
Median days on market
11 days shorter year over year
Read the letter

Published October 18, 2026 in Market Update · Oak Park

Oak Park buyers still paid over list, but not every home moved fast

In the three months ending August 31, 2026, more than half of Oak Park homes sold above list price, even as mortgage rates climbed above 7% nationally.

By Thurston Gayle
Median sale price
Up 15.7% from the same period in 2025
Homes sold
Down 7.5% from the same period in 2025
Median days on market
2 days shorter than the same period in 2025
Read the letter

Published October 18, 2026 in Market Update · Evanston

One part of Evanston stayed tight even with more listings

In the three months ending August 31, 2026, ZIP 60203 had 1.5 months of supply and a median sale price up 11.4%, even as more listings hit the market across Evanston.

By Thurston Gayle
Median sale price
up 11.4% year over year
Months of supply
down 0.9 months year over year
Median days on market
7 days shorter year over year
Read the letter

Published October 18, 2026 in Market Update · Oak Brook

Oak Brook inventory stayed lean while the national market added supply

The Real Estate Data Aggregator counted 41 homes for sale in Oak Brook in the three months ending August 31, 2026, down 22.6% from a year before, even as Realtor.com reported active listings topping 1.16 million nationally in September 2026.

By Thurston Gayle
Homes for sale
Down 22.6% from a year before
New listings
Down 23.6% from a year before
Months of supply
Up just 0.1 months from a year before
Read the letter

Published October 18, 2026 in Market Update · Lakeview

Lakeview prices rose faster than the national pace

The median sale price in Lakeview hit $705,000 for the three months ending August 31, 2026, up 16.7% year over year, while U.S. prices rose just 2.6% in the same stretch.

By Thurston Gayle
Homes sold
down 7.7% year over year
Homes for sale
down 12.5% year over year
Months of supply
down 0.1 months year over year
Read the letter

Published October 18, 2026 in Market Update · Streeterville

Streeterville prices rose even as inventory fell

In the three months ending August 31, 2026, the median sale price in Streeterville climbed 7.5% while the number of homes for sale dropped 17.1%, pulling in opposite directions from national trends.

By Thurston Gayle
Homes for sale
Down 17.1% from a year earlier
Months of supply
Down 0.6 months from a year earlier
Homes sold
Down 2.6% from a year earlier
Read the letter

Published October 18, 2026 in Market Update · Lincoln Park

Lincoln Park is moving faster than the national market

While sellers outnumber buyers across the U.S. by a wide margin, Lincoln Park had only 1.4 months of supply and 63% of homes went under contract within two weeks.

By Thurston Gayle
Homes went under contract within two weeks
Up 4.5 points from 2025
Median days on market
5 days shorter than 2025
Homes sold above list price
Up 14.1 points from 2025
Read the letter

Published October 18, 2026 in Market Update · River Forest

River Forest prices rose even as sales slowed

The median sale price in River Forest reached $775,000 in the three months ending August 31, 2026, up 7.1% from a year before, even as the number of homes sold fell.

By Thurston Gayle
Homes sold
Down 20% from a year before
Median sale price
Up 7.1% from a year before
Median days on market
9 days shorter than a year before
Read the letter

Published October 11, 2026 in Market Update · Hinsdale

Hinsdale prices rose even as buyers got a little more room to negotiate

The median sale price in Hinsdale climbed 11% year over year, yet the share of homes selling above list fell 8.1 points, so both sides of a deal face a different market than last year.

By Thurston Gayle
Homes sold
Up 5.5% from a year before
New listings
Up 31.3% from a year before
Homes for sale
Down 9% from a year before
Read the letter

Published October 11, 2026 in Market Update · Glencoe

Glencoe sellers had leverage while many U.S. listings saw price cuts

In the three months ending August 31, 2026, nearly 7 in 10 Glencoe homes sold above list price, even as Realtor.com reported price cuts on 20.8% of U.S. listings.

By Thurston Gayle
Median sale price
Up 23.3% from same months of 2025
Homes sold
Up 28.1% from same months of 2025
Median days on market
9 days shorter than same months of 2025
Read the letter

Published October 11, 2026 in Market Update · West Loop / Near West Side

West Loop and Near West Side stayed competitive even with rates near 7.5%

In the three months ending August 31, 2026, more than half of homes in ZIP 60607 sold above list price, even as CNBC reported the average 30-year rate hit 7.49%.

By Thurston Gayle
Median sale price
Up 15.5% from same months in 2025
Homes sold
Up 12.3% year over year
Median days on market
5 days longer than last year
Read the letter

Published October 11, 2026 in Market Update · South Loop

One part of South Loop is tighter than the other

The three months ending August 31, 2026 show ZIP 60605 and ZIP 60616 moving in opposite directions, and that gap changes what a price or an offer actually means.

By Thurston Gayle
60605 median sale price
Down 3.9% from the same period in 2025
60616 median sale price
Down 3.5% from the same period in 2025
Read the letter

Published October 11, 2026 in Market Update · Evanston

More listings gave one part of Evanston a little more room, not a reset

In ZIP 60201, inventory rose 10.3% and homes still sold in a median of 39 days, while the rest of Evanston told a different story.

By Thurston Gayle
Median sale price
Up 6.5% from a year before
Homes sold
Down 3% from a year before
Median days on market
8 days shorter than a year before
Read the letter

Published October 11, 2026 in Market Update · Oak Park

Oak Park still saw bidding pressure even as more U.S. sellers cut prices

In the three months ending August 31, 2026, more than half of Oak Park homes sold above list price, even as price cuts spread across the country.

By Thurston Gayle
Average sale-to-list ratio
Up 1.8 points from a year earlier
Median sale price (ZIP 60302)
Up 15.7% from a year earlier
Median days on market (ZIP 60302)
2 days shorter than a year earlier
Read the letter

Published October 11, 2026 in Market Update · Oak Brook

Oak Brook listings fell, but homes still moved faster

With only 41 homes for sale and days on market dropping by 20 days, Oak Brook's tighter inventory is shaping how quickly the right home gets taken.

By Thurston Gayle
Homes for sale
Down 22.6% from a year before
New listings
Down 23.6% from a year before
Homes sold
Down 25.9% from a year before
Read the letter

Published October 11, 2026 in Market Update · Lakeview

Lakeview stayed tight even with rates at 7.40%

Supply fell, prices rose 16.7%, and nearly two out of three homes went under contract within two weeks, all while the 30-year rate hit 7.40%.

By Thurston Gayle
Median sale price
Up 16.7% from the same months in 2025
Homes sold
Down 7.7% year over year
Median days on market
One day longer than a year before
Read the letter

Published October 11, 2026 in Market Update · Streeterville

Streeterville inventory fell even as mortgage rates moved above 7%

Fewer units for sale and faster sales times are reshaping what buyers and sellers should expect in Streeterville right now.

By Thurston Gayle
Median sale price
Up 7.5% from the same period in 2025
Homes for sale
Down 17.1% from a year ago
Months of supply
Down 0.6 months from a year ago
Read the letter

Published October 11, 2026 in Market Update · West Loop Gate / Loop

West Loop Gate / Loop inventory fell, but more homes still went under contract

In the three months ending August 31, 2026, the Real Estate Data Aggregator counted 18 homes for sale here, down 28% from a year ago, while pending sales rose 14.8% to 31 homes.

By Thurston Gayle
Median days on market
18 days shorter than the same period in 2025
Under contract within two weeks
Up 10.5 points from a year ago
Months of supply
Down 1.2 months from a year ago
Read the letter

Published October 11, 2026 in Market Update · River Forest

River Forest prices rose even as sales slowed

The median sale price in River Forest climbed 7.1% to $775,000 in the three months ending August 31, 2026, even as the number of homes sold fell 20%.

By Thurston Gayle
Homes sold
Down 20% from a year before
Median sale price
Up 7.1% from a year before
Median days on market
9 days shorter than a year before
Read the letter

Published October 11, 2026 in Market Update · Lincoln Park

Lincoln Park stayed tight even as more sellers cut prices nationally

Inventory in Lincoln Park fell while national listings climbed, and homes here are selling faster and above asking price.

By Thurston Gayle
Median sale price
Up 18.3% from the same period in 2025
Median days on market
5 days shorter than a year before
Homes sold
Up 1.9% from the same period in 2025
Read the letter

Published October 4, 2026 in Market Update · West Loop Gate / Loop

West Loop Gate / Loop moved faster even as prices dipped

In the three months ending July 31, 2026, the Real Estate Data Aggregator counted 23 homes sold in ZIP 60606, prices fell 6.1%, and the median days on market dropped by 35 days, while U.S. prices rose 2.6% over the same stretch.

By Thurston Gayle
Median sale price
Down 6.1% from a year before
Homes sold
Up 21.1% from a year before
Median days on market
35 days shorter than a year before
Read the letter
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