Recent Zillow data place Chicago’s average home value at $324,183 as of late April 2026, reflecting a modest 3.1 percent year-over-year gain amid persistently tight inventory and steady buyer demand. With only two weeks until the May 31 resolution date, market-implied odds heavily favor outcomes below $344,000 because seasonal price movements and limited new listings are unlikely to produce a rapid shift in median levels. Elevated mortgage rates near 6 percent continue to constrain transaction volumes, reinforcing the gradual appreciation trajectory observed in March reports showing citywide median sale prices between $375,000 and $410,000 depending on property type. Traders appear to price in the low probability of any material deviation from the current range before month-end.