Real estate companies in Chicago have extensive knowledge of the active property market. Since every neighborhood in Chicago has its own dynamics and the city's economy is strong working with local experts is essential for navigating this competitive marketplace. Chicago is also home to several of the top 100 real estate companies in USA and is widely acknowledged as a top destination for real estate.
In May 2025, the median price of house sales in Chicago was reported to be $400,000, reflecting a 9.1% annual increase, with an average market time of 49 days, according to Redfin.
The city’s known skyline, many unique neighborhoods and great amenities appeal to new homebuyers and investors hoping to make profits. In this article, we will discuss some key features of Chicago real estate market, outline what to consider when choosing a real estate firm and highlight how new technologies are transforming the property market of the city.
List of Chicago for real estate companies
Chicago’s real estate market is diverse and fast-moving and this list highlights top companies that can guide you through every step with expertise and local insight.
# | Company Name | Website | Established Year | Full Address | Key Services |
---|---|---|---|---|---|
1 | Coldwell Banker | coldwellbanker.com | 1906 | 1732 W Hubbard St., Suite 2C, Chicago, IL | Brokerage |
2 | Sotheby's International Realty | sothebysrealty.com | 1982 | 425 W North Avenue, Chicago, IL | Brokerage |
3 | Redfin | redfin.com | 2006 | 112 South Sangamon St, Suite 400, Chicago, IL | Brokerage, mortgage |
4 | Keller Williams Realty | kw.com | 1983 | 2211 N. Elston, Suite 400, Chicago, IL | Brokerage |
5 | JLL | jll.com | 1999 | 150 North Riverside Plaza, Chicago, IL | Brokerage, property management, consultancy |
6 | @properties | atproperties.com | 2000 | 4149 S. Cottage Grove Unit 1S Chicago, IL | Brokerage |
7 | Dream Town | dreamtown.com | 1998 | 1950 N Sedgwick, Chicago, IL | Brokerage |
8 | Baird & Warner | bairdwarner.com | 1855 | 120 S LaSalle St, Chicago, IL | Brokerage, mortgage, relocation |
9 | Berkshire Hathaway HomeServices | bhhs.com | 2014 | 4353 N. Western Ave, Chicago, IL | Brokerage, relocation, property management, mortgage |
10 | CBRE | cbre.com | 1906 | 321 N. Clark Street, Suite 3400, Chicago, IL | Brokerage, property management, consultancy |
11 | Cushman & Wakefield | cushmanwakefield.com | 1917 | 225 West Wacker, Chicago, IL | Brokerage, development, management, valuation |
12 | Colliers | colliers.com | 1971 | 71 South Wacker Drive, Suite 3700, Chicago, IL | Brokerage, development, management, valuation |
13 | Transwestern | transwestern.com | 1978 | 200 W. Madison St., Suite 1200 Chicago, IL | Property management, agency leasing, development, investment |
14 | Bradford Allen | bradfordallen.com | 2003 | 300 S Wacker Drive, 35th Floor, Chicago, IL | Brokerage, property management, landlord & tenant representation |
15 | Newmark | nmrk.com | 1929 | 500 West Monroe St, Suite 2900, Chicago, IL | Property management, tenant representation, consultation |
An overview of the top 5 Chicago real estate companies
Coldwell Banker
Website: coldwellbanker.com
Headquarters: Madison, New Jersey
Established Year: 1906
Key Person: Jason Waugh - President
Core Services: Real estate brokerage
Awards: Winner of 2024 MarCom Award
Sotheby's International Realty
Website: sothebysrealty.com
Headquarters: Madison, New Jersey
Established Year: 1976
Key Person: Philip A. White, Jr. - President & CEO
Core Services: Real estate brokerage & mortgage
Awards: Named the Most Innovative Real Estate Brokerage of 2013 by Inman News
Redfin
Website: redfin.com
Headquarters: Seattle, Washington State
Established Year: 2006
Key Person: Glenn Kelman - CEO
Core Services: BReal estate brokerage & mortgage
Awards: Named the Most Innovative Real Estate Brokerage of 2013 by Inman News
Keller Williams Realty
Website: kw.com
Headquarters: Austin, Texas
Established Year: 1983
Key Person: Gary Keller - Executive Chairman
Core Services: Real estate brokerage, consultancy & investing
Awards: Awarded No. 1 Real Estate Franchise in the U.S. by T3 Sixty
JLL
Website: jll.com
Headquarters: Chicago, Illinois
Established Year: 1999
Key Person: Christian Ulbrich - CEO
Core Services: Brokerage, property management, consultancy
Awards: Ranked as the world’s leading hotel investment advisor in 2024
Why choose Chicago for real estate investment?
Chicago is a famous city that offers an affordable place to live, a convenient location and a good lifestyle. Compared to places like New York or San Francisco, it’s less expensive but you still have access to all city life has to offer.
Each neighborhood in Chicago is unique. Some are expensive, like the Gold Coast, while others are developing like Wicker Park, Bronzeville, and Pilsen. This means whatever your real estate goals are, you’ll find choices from elite condos to developing neighborhoods.
What to look for when choosing a real estate company
A successful real estate journey depends on selecting the right real estate firm. Being knowledgeable and experienced is crucial in the Chicago market. Prioritize the following crucial attributes:
Neighborhood expertise: Top-tier firms have good knowledge about the neighborhoods including pricing trends school districts, zoning regulations, and future development plans.
Proven track record: Look for companies with a high sales profile and satisfied customer reviews. Review your firm and check for local rankings, media recognition and industry awards that serve as strong performance indicators.
Comprehensive services: The top firms provide end-to-end support including home loans, handling legal paperwork, taking care of the property, and helping you move ensuring a smooth process.
Clear communication: Being able to communicate clearly and honestly is especially important in a busy real market. It’s important to choose companies that respond quickly and are reliable.
Tech integration: Companies that incorporate technology such as virtual tours, predictive analytics and a CRM are more likely to deliver better client experiences.
These skills can also be improved with a real estate business growth solution which provides data-based insights, predictive analytics and automated workflows to make better and quicker decisions on property management.
Current market trends shaping Chicago real estate
Due to changes in the economy, population and lifestyle demand, the local real estate market in Chicago is seeing a constant shift. Recognizing these trends helps people involved in real estate make better buying or investing decisions.
Urban-suburban convergence: Places like Oak Park and Evanston now offer both suburban comfort and urban convenience. This blend makes such areas attractive to people who want a mix of both lifestyles.
Redefined luxury markets: High-end consumers today value smart home features, green building status and pedestrian-friendly sites over premium factors alone.
Investment in south and west sides: Neighborhoods that were previously ignored like Englewood and North Lawndale are now seeing major growth and development due to new infrastructure and community investment.
Multi-family and short-term rentals: High numbers of tourists and short-term professionals who stay temporarily are creating a steady demand for short-term rental homes and apartment buildings, especially near business districts and universities.
Sustainable and green development: Homebuyers now care more about eco-friendly features like energy-efficient appliances, solar-ready buildings, and access to green space forcing developers and brokers to adapt.
Technology in Chicago real estate
Chicago firms are adopting new tools, technology and approaches to provide a transparent service, increase efficiency and meet clients' needs.
Virtual tours and 3D staging: These tools have become an important part of the real estate industry since the pandemic. As a result, buyers can view houses remotely and make their decisions more quickly.
AI-powered market analysis: Predicting market trends, reviewing property value and choosing the best buying or selling time has become simple for firms, making it easier for clients to gain an edge.
CRM systems: Top real estate companies often use a custom CRM tool to stay organized and keep track of client interactions. With these tools, the tracking of leads, timely follow-ups and managing communication—all of which support a smoother, more personalized experience for buyers and sellers.
Blockchain and smart contracts: Some real estate firms are beginning to explore blockchain technology to improve transaction security and speed up the closing process.
Mobile-first client portals: Top firms offer mobile apps and portals so clients can manage property deals anytime, anywhere.
Future outlook for Chicago real estate
The real estate landscape in Chicago is still evolving because of technology, sustainability and neighborhood-based trends. These dynamics present exciting opportunities to real estate companies in Illinois that stay agile, informed and highly experienced on local levels.
Disclaimer: Retyn does not promote or support any of the companies or services mentioned in the list. The data presented is compiled through online and market research and does not reflect our priorities in any manner.