The median asking price for newly listed homes in the Chicago area reached $384,250 in April, the highest average on record.

The average price for a home also hit a record high of $1,281,704, up 7.7 percent. Overall, the median sale price is up 24 percent in the borough since the prepandemic first quarter of 2020.

Home prices out east hit record highs in the first quarter ... Tria Giovan / Courtesy of James Michael Howard A record high number of sales fell into what report author Jonathan Miller called ...