Home Prices Dropped in 39 Major U.S. Cities — Where Does Chicagoland Stand?

A new report from real estate data company ATTOM shows that median sale prices dipped in the first quarter of 2026 in 39 out of the 129 largest U.S. cities. Most of those declining markets are concentrated in Florida, California, and Southwestern states.

So where does Chicagoland fit into the picture?

The Chicago metro has remained more insulated than coastal and Sun Belt markets. The Midwest’s relative affordability, strong job market in sectors like healthcare, finance, and manufacturing, and consistent demand from local buyers have kept prices steadier than in overheated markets like Tampa, Phoenix, or Sacramento.

In DuPage County specifically — the core of Team Goddard’s market — homes priced correctly continue to generate strong interest and, in many cases, multiple offers. The story of “prices crashing” simply doesn’t match what we’re seeing in Bartlett, Elgin, Schaumburg, and surrounding towns.

Key takeaways for local buyers and sellers:

• Don’t assume what you read about national trends applies to your neighborhood
• Overpriced homes are sitting — properly priced homes are selling
• Sellers who price to the market are still achieving excellent outcomes

If you’re curious about what homes are actually selling for in your specific area, reach out for a no-pressure market analysis.

Source: ATTOM via CBS News — May 2026