Looking at homes under $500K for sale in Chicago, IL? This page brings together current listings, local market numbers and answers to common questions. Deb Russcol can help you tour homes and make a confident offer.
Listing information courtesy of Midwest Real Estate Data (MRED).
How many homes under $500K are for sale in Chicago, IL?
There are at least 63 active homes under $500K for sale in Chicago, IL as of 2026-11-06, based on listing data from the local MLS.
What is the median list price of homes under $500K in Chicago, IL?
The median list price of active homes under $500K in Chicago, IL is $324,500, based on a sample of 63 current listings.
How long have homes under $500K in Chicago, IL been on the market?
Active homes under $500K in Chicago, IL have been listed for a median of 1 day.
How can I see every home for sale in Chicago, IL?
Use the full home search to browse every active listing in Chicago, IL, save favorites and get alerts when new homes come on the market. Deb Russcol can also help you schedule showings.