Why September Home Sales Matter for a House Appraisal in Chicago

If you’re preparing a home purchase and house appraisal in Chicago, recent September housing data offers valuable context on what your property may be worth today. Appraisals are tied closely to market conditions — and the latest numbers from the Illinois REALTORS® show a shifting, yet resilient, Chicagoland real estate landscape.

According to the Illinois REALTORS® September 2025 Market Report, statewide home sales declined 8.5% compared to last year, while the median price rose 7.7% to $350,000. Within the Chicago Metro area, closed sales were down nearly 10%, but prices continued to climb as demand held steady amid tight inventory. Realtor.com’s September housing trends echo this, noting that listings remain limited even as buyer activity slows slightly.

So what does this mean for your house appraisal in Chicago?

1. Comparable sales are critical.

Appraisers rely on recent “comps” — similar homes sold nearby — to determine your property’s fair market value. With fewer sales, the timing and accuracy of these comparisons matter more than ever.

2. Neighborhood demand influences value.

In popular Chicago neighborhoods like Logan Square, Lincoln Park, or Bronzeville, limited supply can still push appraisal values higher, even with fewer overall sales.

3. Condition and updates stand out.

In a mixed market, well-maintained homes with recent improvements often appraise higher than older or outdated properties nearby.

As the market recalibrates this fall, a professional appraisal helps homeowners, buyers, and lenders make confident decisions.

Need a trusted local expert?

Contact Real Valuation Services today to schedule your house appraisal in Chicago and ensure your property’s value reflects today’s market reality.