Market data — Q2 2026

How Long Does It Take to Sell a 2-Bedroom Condo in Downtown Chicago Right Now?

Downtown Chicago 2-bedroom condos had a median market time of 31 days over the trailing 12 months.

A year ago, it was 42 days

Over the prior 12-month period, downtown Chicago 2-bedroom condos had a median market time of 42 days. Set against the trailing 12-month figure of 31 days, that's an 11-day decrease. The comparison covers downtown Chicago only, not the city as a whole.

What "median market time" actually measures

Median market time tracks the number of days a downtown Chicago condo listing is active before it goes under contract, with half of listings closing faster than that figure and half taking longer. It does not measure how long a sale takes to close after that point, and it does not track permanently cancelled listings, or units that never come to market. It's a midpoint across every 2-bedroom condo sale downtown in the period, not an average and not a guarantee for any individual listing.

Why this shift matters for timing a sale

An 11-day move in the downtown-wide median changes how much overlap a seller needs to plan for between listing a current condo and closing on a next home. A shorter median market time narrows the window a seller might need to carry two housing costs at once, or to bridge financing between sales. It doesn't shorten the closing process itself, and it doesn't apply evenly to every price point or building downtown.

What this figure can't tell you

A downtown-wide median blends every 2-bedroom condo sale across dozens of buildings, price ranges, and finish levels into one number. It can't tell a seller how long their specific unit, building, or price point will take to sell, and it isn't a prediction of what the next 12 months will look like. It's a description of what already happened downtown-wide.

Roz Dupiton