How Competitive is the Uptown, IL Housing Market?

by Leopoldo Gutierrez

Uptown, a neighborhood in Chicago, IL, is a highly competitive housing market. About 62% of homes sold above list price in the 3 months ending June 2026, with homes selling at 106% of asking on average.

The National Picture

U.S. homes sold above asking at a 24.6% clip in June 2026. In Uptown, that figure reaches 62.0%—nearly three times the national rate. The gap makes clear that buyers here need to come prepared to compete aggressively from day one.

Shrinking Inventory Fuels Rapid Turnover

Uptown's 72.5% off-market-in-two-weeks rate leads all neighborhoods in this Chicago comparison—even edging out North Center (70%). The 106.2% sale-to-list ratio means most buyers are paying more than 6% over asking. Yet active listings dropped 13% year over year, creating a tightening effect that neighboring South Loop (39% off-market rate, 55 days) does not share.

Why is Uptown Highly Competitive?

Uptown is highly competitive because rapidly declining inventory has amplified competition among buyers drawn to its relative affordability. With just 1.5 months of supply and declining inventory (332 active listings, -13% YoY), buyers face a structural shortage. Only 8% of listings carry price reductions, one of the lowest rates in the metro, indicating sellers can hold firm on pricing. A 1-day increase in days on market has not eased the competition.

Nearby Neighborhoods

Neighborhood	Sold Above List	Sale-to-List	Days on Market	Off Mkt in 2 Wks
Uptown	62.0%	106.2%	36 days	72.5%
Near South Side	61.8%	102.8%	52 days	37.2%
South Loop	53.3%	102.0%	55 days	39.4%
Downtown Evanston	27.0%	99.3%	42 days	58.0%
Edgewater	46.6%	102.0%	43 days	54.2%
Lake View	64.2%	105.0%	39 days	64.4%

Limited to neighborhoods with at least 10 home sales in the period.

All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.