Chicago MSA Multifamily Market Report

March 2026 Sales Analysis

March 1 – March 31, 2026

Executive Summary

The Chicago MSA multifamily market recorded 72 transactions in March 2026, representing $532.6 million in total sales volume. The market demonstrated strong fundamentals with a median sale price of $1.69 million. Price per square foot averaged $216, with 2,097 units changing hands across the Chicago metropolitan statistical area. View available properties.

Data Source: CoStar Group – Commercial real estate information and analytics provider

What was the total transaction volume for Chicago MSA multifamily in March 2026?

The Chicago MSA multifamily market recorded $532.6 million in total sales volume across 72 transactions during March 2026, according to CoStar data.

What was the median sale price for multifamily properties in the Chicago MSA?

The median sale price was $1.69 million per property in March 2026 across the Chicago metropolitan statistical area.

Which submarkets had the highest multifamily sales volume in the Chicago MSA?

The top submarkets by volume were River North ($166.6M), West Loop ($66.0M), and Chicago Loop ($64.7M), based on CoStar transaction data.

What was the average price per unit for Chicago MSA multifamily properties?

The average price per unit was $254,000 across 2,097 total units sold in the Chicago MSA during March 2026.

How many multifamily units were sold in the Chicago MSA in March 2026?

A total of 2,097 multifamily units changed hands across 72 transactions in the Chicago MSA market during March 2026, according to CoStar Group data.

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Data Source: CoStar | Report Date: April 7, 2026 | 72 Transactions Analyzed