Chicago VA Loan Rates, Closing Costs & Stats

Chicago-Naperville-Elgin, IL-IN-WI

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Chicago's 193 lenders originated 4,348 VA loans during 2023. The total origination value was $1,448,330,000, with an average VA loan value of $333,103.

    Chicago VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Chicago averaged 6.71% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Chicago's average VA mortgage closing costs are $6,163.

    The average rate for the prior week (2025-02-07) was 6.84% and one month ago for the week of 2025-01-10, the average rate was 6.98%.

    The average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.96%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Chicago VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Chicago level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 906 6.73% $7,875
    QUICKEN LOANS, LLC 256 6.20% $11,605
    GUARANTEED RATE, INC. 234 6.39% $6,728
    NAVY FEDERAL CREDIT UNION 211 5.87% $7,311
    UNITED WHOLESALE MORTGAGE, LLC 171 6.44% $9,539
    LOANDEPOT.COM, LLC 131 6.46% $11,418
    The Federal Savings Bank 125 6.41% $12,180
    CROSSCOUNTRY MORTGAGE, LLC 121 6.80% $10,086
    USAA Federal Savings Bank 91 6.35% $9,526
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 91 6.86% $8,390
    FREEDOM MORTGAGE CORPORATION 87 6.60% $14,291
    PENNYMAC LOAN SERVICES, LLC 65 5.67% $9,269
    AMERICAN PACIFIC MORTGAGE CORPORATION 64 6.61% $11,111
    Barrington Bank & Trust Company, N.A. 58 6.46% $9,523
    DHI MORTGAGE COMPANY, LTD. 56 5.47% $7,599
    FIRST CENTENNIAL MORTGAGE CORPORATION 53 6.60% $7,431
    Neighborhood Loans, Inc. 51 6.74% $10,232
    EAGLE HOME MORTGAGE, LLC 51 5.49% $6,534
    Mr. Cooper ( Nationstar Mortgage ) 46 6.11% $12,981
    JPMorgan Chase Bank 42 6.37% $7,347
    Key Mortgage Services, Inc. 41 6.70% $9,673
    NEWREZ LLC 40 6.78% $9,570
    MUTUAL OF OMAHA MORTGAGE, INC. 38 6.59% $11,890
    GUARANTEED RATE AFFINITY, LLC 33 6.45% $8,554
    NEW DAY FINANCIAL, LLC 32 7.45% $13,277
    CALIBER HOME LOANS, INC. 31 6.29% $9,856
    The Huntington National Bank 29 6.63% $5,731
    COMPASS MORTGAGE, INC. 27 6.71% $11,643
    AMERISAVE MORTGAGE CORPORATION 27 5.90% $18,292
    PENTAGON FEDERAL CREDIT UNION 25 5.84% $7,636
    VILLAGE CAPITAL MORTGAGE 25 6.05% $9,987
    Flagstar Bank, FSB 24 6.61% $7,652
    PLANET HOME LENDING, LLC 21 6.57% $7,674
    Wells Fargo Bank 21 5.92% $6,771
    GUILD MORTGAGE COMPANY 21 6.95% $13,022
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 20 6.71% $10,975
    CARDINAL FINANCIAL 20 6.64% $11,111
    AMERICAN FINANCIAL NETWORK, INC. 20 6.84% $7,126
    Paramount Residential Mortgage Group, Inc. 19 6.86% $9,012
    Plains Commerce Bank 19 6.38% $10,471
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 19 6.70% $7,352
    PROPER RATE, LLC 19 6.51% $10,163
    BROKER SOLUTIONS, INC. 17 6.49% $12,393
    DRAPER AND KRAMER MORTGAGE CORP. 17 6.39% $8,262
    DIRECT MORTGAGE LOANS, LLC 16 6.97% $14,299
    BAY EQUITY LLC 16 6.55% $11,747
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 15 6.39% $6,175
    UNION HOME MORTGAGE CORP. 15 6.83% $9,093
    U.S. Bank 15 6.28% $8,470
    Nations Lending Corporation 14 6.72% $10,751
    M/I FINANCIAL, LLC 13 6.02% $12,179
    University Bank 13 6.03% $7,393
    Prosperity Home Mortgage, LLC 13 6.38% $8,446
    UNITED HOME LOANS, INC. 12 6.38% $8,359
    GREENSTATE CREDIT UNION 12 6.43% $7,094
    PULTE MORTGAGE LLC 12 6.05% $10,239
    Magnolia Bank 11 6.42% $14,463
    LEADERONE FINANCIAL CORPORATION 11 6.82% $7,603
    CIBM Bank 11 6.82% $8,829
    MICHIGAN MUTUAL, INC. 11 6.55% $5,965
    FIRST COMMUNITY MORTGAGE, INC. 11 6.81% $12,090
    NBKC BANK 10 5.94% $7,527
    NVR Mortgage Finance, Inc. 10 6.02% $7,116
    Pacor Mortgage Corp 10 6.60% $10,829
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.51% $10,439
    Equity Prime Mortgage LLC 9 7.13% $9,251
    SUN WEST MORTGAGE COMPANY, INC. 9 6.46% $5,735
    PLAZA HOME MORTGAGE, INC. 9 6.64% $10,854
    MORTGAGE SOLUTIONS OF COLORADO, LLC 9 7.60% $5,788
    CMG MORTGAGE, INC. 8 6.27% $10,885
    HOMESIDE FINANCIAL, LLC 8 7.06% $13,326
    Century Mortgage Company DBA Century Lending Company 8 6.78% $6,769
    Ixonia Bank 8 7.52% $8,877
    First Federal Bank 8 6.27% $7,675
    Waterstone Mortgage Corporation 7 6.52% $8,114
    Fifth Third Bank 7 6.05% $7,642
    GENEVA FINANCIAL, LLC 7 7.11% $8,436
    LAKEVIEW LOAN SERVICING, LLC 7 6.14% $10,192
    MOVEMENT MORTGAGE, LLC 7 6.80% $7,883
    PNC Bank 7 6.59% $10,940
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 6.98% $10,675
    Old Second National Bank 6 6.13% $11,274
    TOWNE MORTGAGE COMPANY 6 6.92% $7,913
    GATEWAY MORTGAGE CORPORATION 6 6.92% $6,996
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.83% $8,545
    American Mortgage & Equity Consultants, Inc. 6 6.56% $11,125
    Mid-Continent Funding, Inc. 6 6.40% $10,405
    Bank of England 6 6.44% $7,029
    DAS Acquisition Company, LLC 5 6.98% $8,056
    FIRST STATE MORTGAGE SERVICES, LLC 5 6.25% $6,773
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.18% $8,384
    CITY FIRST MORTGAGE SERVICES, L.L.C. 5 7.22% $11,584
    BNC National Bank 5 5.48% $11,278
    SUMMIT FUNDING, INC. 4 6.75% $11,744
    CIBC Bank USA 4 6.66% $9,095
    GSF Mortgage Corporation 4 6.63% $5,170
    T2 FINANCIAL LLC 4 6.59% $14,549
    RUOFF MORTGAGE COMPANY, INC. 4 6.94% $3,205
    The Central Trust Bank 4 5.78% $10,858
    OCMBC, INC. 3 6.88% $9,183
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.50% $10,253
    PREMIA MORTGAGE, LLC 3 6.00% $8,137
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 7.08% $10,178
    Regions Bank 3 6.21% $8,773
    NATIONS RELIABLE LENDING, LLC 3 6.71% $8,578
    Servion, Inc. 3 6.50% $15,325
    Armed Forces Bank 3 5.96% $14,020
    Community First National Bank 3 6.33% $8,315
    Carrington Mortgage Services, LLC 3 5.46% $10,943
    Old National Bank 3 6.46% $7,007
    AMERICAN FINANCIAL RESOURCES, INC. 3 7.38% $5,945
    Lakeview Community Capital, LLC 3 6.29% $7,824
    MLD MORTGAGE INC. 3 6.50% $7,428
    Cornerstone First Mortgage, Inc 2 7.63% $12,416
    North American Savings Bank, F.S.B. 2 5.94% $10,404
    THE ANDERSON FINANCIAL GROUP, INC. 2 6.19% $7,882
    CHURCHILL MORTGAGE CORPORATION 2 6.38% $9,045
    LAND HOME FINANCIAL SERVICES, INC. 2 6.19% $13,762
    First Savings Bank 2 6.00% $12,530
    NATIONS DIRECT MORTGAGE, LLC 2 7.00% $8,050
    PARLAY MORTGAGE & PROPERTY, INC. 2 6.56% $6,145
    Associated Bank 2 5.81% $6,127
    Ameris Bank 2 6.63% $3,738
    Bank Five Nine 2 6.56% $9,459
    GUARANTY HOME MORTGAGE CORPORATION 2 6.50% $10,646
    First National Bank of Omaha 2 6.56% $5,072
    Platinum Home Mortgage Corporation 2 6.50% $11,049
    Bank of America 2 6.25% $7,362
    Paramount Bank 2 7.38% $9,379
    Citibank 2 5.31% $8,243
    VERITAS FUNDING, LLC 2 6.75% $16,893
    HALLMARK HOME MORTGAGE, LLC 2 7.25% $10,297
    CONTOUR MORTGAGE CORPORATION 2 7.06% $17,910
    CHERRY CREEK MORTGAGE, LLC 2 6.75% $9,698
    FLAT BRANCH MORTGAGE, INC. 2 6.00% $9,088
    Horizon Bank 2 6.13% $5,416
    SOVEREIGN LENDING GROUP INCORPORATED 2 5.88% $17,976
    Meridian Bank Corporation 2 6.43% $19,860
    ACADEMY MORTGAGE CORPORATION 2 6.94% $15,118
    Truist 1 6.70% $4,062
    GVC MORTGAGE, INC. 1 7.13% $11,684
    EVERETT FINANCIAL, INC. 1 7.13% $21,414
    HOMESTAR FINANCIAL CORPORATION 1 7.25% $3,901
    HOMESTEAD FUNDING CORP. 1 5.25% $1,522
    KELLER MORTGAGE, LLC 1 6.13% $5,988
    CROWN MORTGAGE COMPANY 1 7.00% $12,609
    LADERA LENDING, INC. 1 5.63% $12,030
    LAKE MORTGAGE COMPANY INC 1 6.75% $1,828
    ALLIED MORTGAGE GROUP, INC. 1 7.00% $13,712
    CORNERSTONE HOME LENDING, INC. 1 5.63% $27,646
    LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $21,477
    LOANPAL, LLC 1 6.38% $14,339
    MID AMERICA MORTGAGE, INC. 1 6.50% $16,865
    FAMILY FINANCE MORTGAGE, LLC 1 7.25% $8,402
    MORTGAGE ACCESS CORP. 1 6.25% $27,114
    Mortgage Assurance Inc. 1 6.25% $2,396
    Fortress Bank 1 7.25% $5,430
    V.I.P. MORTGAGE, INC. 1 5.75% $17,774
    Chickasaw Community Bank 1 7.25% $5,430
    Chicago Mortgage Solutions LLC 1 6.25% $10,888
    Network Funding, L.P. 1 7.13% $19,867
    NFM, INC. 1 6.25% $9,759
    NORWICH COMMERCIAL GROUP, INC. 1 6.75% $21,857
    First Merchants Bank 1 6.63% $3,843
    OCEANSIDE MORTGAGE COMPANY 1 6.63% $6,241
    ONE NEVADA CREDIT UNION 1 5.25% $7,189
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.25% $11,600
    ALAMEDA MORTGAGE CORPORATION 1 5.99% $5,243
    Centier Bank 1 6.63% $2,446
    PHH Mortgage Corporation 1 7.13% $462
    BAYSHORE MORTGAGE FUNDING, LLC 1 8.13% $9,751
    Flanagan State Bank 1 7.25% $4,450
    FirstBank 1 5.88% $10,588
    Assurance Financial Group, L.L.C. 1 5.75% $16,601
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $9,281
    ROSS MORTGAGE CORPORATION 1 7.38% $20,214
    ROYAL UNITED MORTGAGE LLC 1 6.00% $15,489
    Semper Home Loans, Inc. 1 6.75% $5,982
    Service Federal Credit Union 1 5.38% $817
    Springfield First Community Bank 1 7.00% $14,293
    Stifel Bank and Trust 1 5.75% $5,216
    STOCKTON MORTGAGE CORPORATION 1 5.75% $16,097
    Stride Bank 1 7.00% $2,309
    Sunflower Bank 1 5.13% $5,104
    TBI MORTGAGE COMPANY 1 6.25% $1,745
    EDUCATORS CREDIT UNION 1 6.13% $1,485
    Tyndall Federal Credit Union 1 7.63% $23,024
    United Fidelity Funding Corp. 1 6.50% $9,393
    AmeriHome Mortgage Company, LLC 1 7.25% $1,928
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 6.75% $9,743
    VAN DYK MORTGAGE CORPORATION 1 6.00% $5,140
    ENDEAVOR CAPITAL, LLC. 1 6.99% $7,981
    EMM LOANS LLC 1 5.75% $12,808

    The top Chicago VA lender as defined by loan originations is Mortgage Research Center, LLC, with 906 VA loans originated. Their average total fees are $7,875, which is $3,729 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Chicago VA lenders (with over 10 loans originated) are The Huntington National Bank ($5,731), MICHIGAN MUTUAL, INC. ($5,965), GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION ($6,175), EAGLE HOME MORTGAGE, LLC ($6,534) and GUARANTEED RATE, INC. ($6,728).

    The lowest rate Chicago VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.47%), EAGLE HOME MORTGAGE, LLC (5.49%), PENNYMAC LOAN SERVICES, LLC (5.67%), PENTAGON FEDERAL CREDIT UNION (5.84%) and NAVY FEDERAL CREDIT UNION (5.87%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Chicago (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $288,700 (6.0%) $452,383 (4.3%) 1.06 27,019
    2018-02-01 $304,500 (6.1%) $471,391 (4.0%) 1.10 27,524
    2018-03-01 $325,000 (8.4%) $490,665 (4.9%) 1.14 29,305
    2018-04-01 $334,900 (7.3%) $494,784 (4.0%) 1.12 31,116
    2018-05-01 $335,000 (4.7%) $492,310 (3.1%) 1.12 33,181
    2018-06-01 $333,995 (4.4%) $484,353 (2.0%) 1.10 35,804
    2018-07-01 $327,000 (2.9%) $473,493 (0.9%) 1.09 37,861
    2018-08-01 $319,900 (4.0%) $462,089 (1.0%) 1.07 38,939
    2018-09-01 $317,000 (5.7%) $455,361 (0.7%) 1.06 39,631
    2018-10-01 $311,450 (3.8%) $450,517 (-0.8%) 1.05 39,337
    2018-11-01 $302,000 (1.7%) $447,125 (-0.8%) 1.02 37,019
    2018-12-01 $296,850 (2.4%) $439,278 (-1.2%) 1.02 32,322
    2019-01-01 $296,950 (2.9%) $442,525 (-2.2%) 1.02 29,475
    2019-02-01 $312,300 (2.6%) $464,293 (-1.5%) 1.05 29,818
    2019-03-01 $327,571 (0.8%) $478,426 (-2.5%) 1.06 31,821
    2019-04-01 $339,250 (1.3%) $486,079 (-1.8%) 1.07 33,866
    2019-05-01 $339,900 (1.5%) $482,549 (-2.0%) 1.06 36,232
    2019-06-01 $338,450 (1.3%) $477,556 (-1.4%) 1.05 38,296
    2019-07-01 $331,450 (1.4%) $470,195 (-0.7%) 1.03 39,704
    2019-08-01 $325,155 (1.6%) $461,247 (-0.2%) 1.03 40,118
    2019-09-01 $319,386 (0.8%) $454,617 (-0.2%) 1.02 40,033
    2019-10-01 $314,945 (1.1%) $449,911 (-0.1%) 1.01 39,754
    2019-11-01 $306,950 (1.6%) $444,237 (-0.7%) 1.00 36,265
    2019-12-01 $299,400 (0.9%) $440,601 (0.3%) 1.00 31,134
    2020-01-01 $299,450 (0.8%) $443,832 (0.3%) 1.00 28,367
    2020-02-01 $319,000 (2.2%) $466,426 (0.5%) 1.03 28,915
    2020-03-01 $326,550 (-0.3%) $475,570 (-0.6%) 1.02 29,490
    2020-04-01 $324,900 (-4.2%) $465,809 (-4.2%) 1.01 28,034
    2020-05-01 $329,900 (-2.9%) $477,805 (-1.0%) 1.00 28,100
    2020-06-01 $339,000 (0.2%) $489,639 (2.5%) 0.99 28,012
    2020-07-01 $344,000 (3.8%) $497,445 (5.8%) 0.99 27,048
    2020-08-01 $346,350 (6.5%) $502,586 (9.0%) 0.99 26,677
    2020-09-01 $347,000 (8.7%) $505,515 (11.2%) 0.98 26,852
    2020-10-01 $340,000 (8.0%) $500,832 (11.3%) 0.97 26,905
    2020-11-01 $334,500 (9.0%) $498,102 (12.1%) 0.97 24,409
    2020-12-01 $325,000 (8.6%) $495,332 (12.4%) 0.97 20,674
    2021-01-01 $325,000 (8.5%) $505,448 (13.9%) 0.97 17,802
    2021-02-01 $339,996 (6.6%) $544,070 (16.7%) 0.99 15,859
    2021-03-01 $349,900 (7.2%) $552,140 (16.1%) 0.99 15,575
    2021-04-01 $349,950 (7.7%) $552,512 (18.6%) 0.95 16,203
    2021-05-01 $350,000 (6.1%) $549,011 (14.9%) 0.93 17,076
    2021-06-01 $350,000 (3.2%) $537,537 (9.8%) 0.92 19,235
    2021-07-01 $349,900 (1.7%) $521,806 (4.9%) 0.92 21,317
    2021-08-01 $339,495 (-2.0%) $500,342 (-0.5%) 0.90 22,220
    2021-09-01 $330,000 (-4.9%) $491,049 (-2.9%) 0.88 22,144
    2021-10-01 $329,000 (-3.2%) $487,604 (-2.6%) 0.87 21,486
    2021-11-01 $322,400 (-3.6%) $485,721 (-2.5%) 0.86 18,712
    2021-12-01 $312,500 (-3.9%) $480,195 (-3.1%) 0.85 15,355
    2022-01-01 $314,500 (-3.2%) $492,440 (-2.6%) 0.84 12,564
    2022-02-01 $324,500 (-4.6%) $517,338 (-4.9%) 0.84 11,457
    2022-03-01 $332,500 (-5.0%) $526,309 (-4.7%) 0.83 11,868
    2022-04-01 $349,900 (0.0%) $534,868 (-3.2%) 0.83 12,067
    2022-05-01 $355,375 (1.5%) $538,395 (-1.9%) 0.81 14,480
    2022-06-01 $359,950 (2.8%) $532,521 (-0.9%) 0.80 16,656
    2022-07-01 $350,000 (0.0%) $515,494 (-1.2%) 0.79 19,291
    2022-08-01 $349,875 (3.1%) $509,289 (1.8%) 0.81 19,478
    2022-09-01 $340,000 (3.0%) $503,762 (2.6%) 0.79 19,384
    2022-10-01 $339,900 (3.3%) $499,744 (2.5%) 0.80 19,411
    2022-11-01 $329,950 (2.3%) $492,242 (1.3%) 0.79 18,653
    2022-12-01 $322,938 (3.3%) $482,288 (0.4%) 0.80 15,983
    2023-01-01 $327,450 (4.1%) $493,642 (0.2%) 0.81 14,035
    2023-02-01 $337,500 (4.0%) $519,123 (0.4%) 0.81 12,692
    2023-03-01 $352,450 (6.0%) $546,041 (3.8%) 0.83 12,065
    2023-04-01 $369,000 (5.5%) $569,789 (6.5%) 0.86 11,604
    2023-05-01 $377,150 (6.1%) $594,429 (10.4%) 0.85 11,885
    2023-06-01 $382,500 (6.3%) $592,009 (11.2%) 0.86 12,817
    2023-07-01 $389,000 (11.1%) $590,305 (14.5%) 0.88 13,667
    2023-08-01 $384,950 (10.0%) $581,283 (14.1%) 0.88 14,106
    2023-09-01 $377,000 (10.9%) $568,437 (12.8%) 0.87 14,689
    2023-10-01 $371,950 (9.4%) $562,710 (12.6%) 0.87 15,119
    2023-11-01 $360,000 (9.1%) $550,718 (11.9%) 0.86 14,971
    2023-12-01 $350,000 (8.4%) $536,637 (11.3%) 0.85 13,067
    2024-01-01 $351,190 (7.3%) $549,940 (11.4%) 0.86 11,461
    2024-02-01 $359,950 (6.7%) $575,673 (10.9%) 0.87 10,969
    2024-03-01 $374,990 (6.4%) $596,249 (9.2%) 0.88 11,106
    2024-04-01 $389,450 (5.5%) $609,529 (7.0%) 0.91 11,593
    2024-05-01 $394,950 (4.7%) $623,747 (4.9%) 0.90 12,295
    2024-06-01 $395,000 (3.3%) $603,861 (2.0%) 0.90 13,522
    2024-07-01 $394,500 (1.4%) $585,038 (-0.9%) 0.90 14,906
    2024-08-01 $385,000 (0.0%) $567,463 (-2.4%) 0.90 15,706
    2024-09-01 $379,900 (0.8%) $554,881 (-2.4%) 0.89 16,735
    2024-10-01 $371,500 (-0.1%) $542,967 (-3.5%) 0.87 17,050
    2024-11-01 $359,900 (0.0%) $530,896 (-3.6%) 0.86 16,518
    2024-12-01 $347,450 (-0.7%) $517,358 (-3.6%) 0.86 13,880
    2025-01-01 $343,498 (-2.2%) $519,117 (-5.6%) 0.00 12,423
    Chicago's median listing price for 2025-01-01 was $343,498, a difference of $-7,692 (-2.2%) versus the prior year and $-3,952 versus the prior month.

    Chicago's median listing price comes in at 0% of the national average.

    Chicago's average listing price for 2025-01-01 was $519,117, a difference of $-30,823 (-5.6%) versus the prior year and $1,759 versus the prior month.

    For the 2025-01-01 period, Chicago had 12,423 MLS listings, a difference of -1,457 listings (-10%) versus the prior month and 962 listings (8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Chicago (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 75 days 1,898 sqft
    2018-02-01 54 days 1,955 sqft
    2018-03-01 43 days 2,000 sqft
    2018-04-01 40 days 2,022 sqft
    2018-05-01 40 days 2,027 sqft
    2018-06-01 42 days 2,021 sqft
    2018-07-01 44 days 2,000 sqft
    2018-08-01 47 days 1,986 sqft
    2018-09-01 49 days 1,971 sqft
    2018-10-01 51 days 1,938 sqft
    2018-11-01 56 days 1,904 sqft
    2018-12-01 67 days 1,870 sqft
    2019-01-01 73 days 1,866 sqft
    2019-02-01 55 days 1,908 sqft
    2019-03-01 43 days 1,966 sqft
    2019-04-01 39 days 2,000 sqft
    2019-05-01 40 days 2,000 sqft
    2019-06-01 43 days 2,000 sqft
    2019-07-01 45 days 2,000 sqft
    2019-08-01 48 days 1,972 sqft
    2019-09-01 51 days 1,941 sqft
    2019-10-01 54 days 1,918 sqft
    2019-11-01 61 days 1,900 sqft
    2019-12-01 74 days 1,870 sqft
    2020-01-01 76 days 1,863 sqft
    2020-02-01 45 days 1,918 sqft
    2020-03-01 43 days 1,959 sqft
    2020-04-01 51 days 1,929 sqft
    2020-05-01 59 days 1,950 sqft
    2020-06-01 45 days 1,939 sqft
    2020-07-01 41 days 1,906 sqft
    2020-08-01 40 days 1,872 sqft
    2020-09-01 40 days 1,807 sqft
    2020-10-01 43 days 1,792 sqft
    2020-11-01 50 days 1,731 sqft
    2020-12-01 58 days 1,700 sqft
    2021-01-01 64 days 1,682 sqft
    2021-02-01 45 days 1,680 sqft
    2021-03-01 40 days 1,676 sqft
    2021-04-01 33 days 1,693 sqft
    2021-05-01 33 days 1,702 sqft
    2021-06-01 32 days 1,728 sqft
    2021-07-01 33 days 1,728 sqft
    2021-08-01 36 days 1,703 sqft
    2021-09-01 38 days 1,690 sqft
    2021-10-01 40 days 1,669 sqft
    2021-11-01 45 days 1,641 sqft
    2021-12-01 53 days 1,602 sqft
    2022-01-01 59 days 1,600 sqft
    2022-02-01 39 days 1,600 sqft
    2022-03-01 34 days 1,620 sqft
    2022-04-01 30 days 1,653 sqft
    2022-05-01 29 days 1,700 sqft
    2022-06-01 30 days 1,718 sqft
    2022-07-01 32 days 1,728 sqft
    2022-08-01 36 days 1,717 sqft
    2022-09-01 40 days 1,703 sqft
    2022-10-01 40 days 1,705 sqft
    2022-11-01 44 days 1,702 sqft
    2022-12-01 54 days 1,694 sqft
    2023-01-01 60 days 1,700 sqft
    2023-02-01 44 days 1,702 sqft
    2023-03-01 40 days 1,743 sqft
    2023-04-01 38 days 1,782 sqft
    2023-05-01 34 days 1,800 sqft
    2023-06-01 34 days 1,800 sqft
    2023-07-01 36 days 1,813 sqft
    2023-08-01 36 days 1,802 sqft
    2023-09-01 37 days 1,800 sqft
    2023-10-01 37 days 1,794 sqft
    2023-11-01 41 days 1,779 sqft
    2023-12-01 50 days 1,759 sqft
    2024-01-01 56 days 1,759 sqft
    2024-02-01 40 days 1,765 sqft
    2024-03-01 33 days 1,800 sqft
    2024-04-01 34 days 1,800 sqft
    2024-05-01 25 days 1,840 sqft
    2024-06-01 26 days 1,825 sqft
    2024-07-01 33 days 1,824 sqft
    2024-08-01 36 days 1,800 sqft
    2024-09-01 36 days 1,794 sqft
    2024-10-01 37 days 1,772 sqft
    2024-11-01 43 days 1,750 sqft
    2024-12-01 51 days 1,713 sqft
    2025-01-01 0 days 1,698 sqft
    Chicago's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Chicago's median square footage for active listings during the 2025-01-01 period was 1,698 sqft. One year prior, the average listing was 1,759 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.