Chicago Logs 62 $4 Million-Plus Home Sales, Cooling From 2025's 76
Updated
Updated · The Real Deal · Jul 9
Chicago Logs 62 $4 Million-Plus Home Sales, Cooling From 2025's 76
3 articles · Updated · The Real Deal · Jul 9
Summary
Chicago has recorded 62 home sales of $4 million or more so far in 2026, trailing 76 at the same point in 2025 but still ranking as the third-highest midyear total on record.
2022 remains the only other stronger midyear besides last year, with 70 such sales, while 2026's top closing so far reached $10.5 million versus a $12 million midyear leader in 2025.
That $10.5 million Lake Bluff mansion underscores the market's supply squeeze: it sold for well above its initial $8.2 million asking price.
Inventory shortages and heavy buyer demand have also sped up deals across Chicagoland, where some homes have gone under contract within 48 hours and average time on market is 27 days versus 52 nationally.
Even with 2026 off last year's record pace—and without a $30 million-plus sale yet—active listings such as a $29.9 million Winnetka home could still push the top end higher.