As of May 2025, the Chicagoland housing market remains firmly in seller’s territory, with strong year-over-year price growth and tight inventory continuing to define local real estate conditions. Home Prices Continue to Rise According to Rocket Homes, the median home sale price in Chicago rose to $374,309 in April—up 7.1% compared to last year. This … Read more
A recent article on Realtor.com offers timely advice on how to approach pricing in today’s housing market. In the current selling season, setting the right price for your home is more important than ever—and overestimating its value based on gut instinct or minor upgrades can backfire quickly. In the greater Chicago area, the same rules … Read more
Divorce is never easy, and dividing property can be one of the most complex parts of the process. If you own a home or investment property in the Chicagoland area, you’ll likely need a professional appraisal to determine fair market value. Here’s what you need to know to prepare for a divorce appraisal and ensure … Read more
When a loved one passes away, managing their estate can feel overwhelming—especially when it involves real estate. One of the most common questions we hear at Real Valuation Services is: “Do I need a property appraisal for an estate?” The answer is often yes, and here’s why. 1. Determining Fair Market Value (FMV) at the … Read more