09/12/2026
House Prices Jump in Illinois Amid Slow Pace of New Construction
As someone who’s spent two decades guiding buyers and sellers through the nuances of the Chicago and Evanston real estate markets, I’ve seen firsthand how housing supply shapes our neighborhoods. Recently, Chicago’s median home price jumped 13.3% to $425,000—a direct reflection of the limited inventory we’re facing. The truth is, new construction in the area would need to triple to keep up with current demand, yet progress is slowed by outdated building codes, permit bottlenecks, and infrastructure hurdles. There’s ongoing talk of reforms aimed at boosting affordable middle housing, which is a conversation that affects all of us—whether you’re searching for your first home, looking to move up, or considering selling. I’ve always believed that understanding the forces shaping our market is key to making confident decisions. If you’re curious about how these shifts might impact your next move in Evanston or Chicago, I’m always happy to share insight based on experience and a commitment to fairness in every transaction.
https://www.roomvu.com/agent-news/martin-uthe-1/1940353-House-Prices-Jump-in-Illinois-Amid-Slow-Pace-of-New-Construc