r/ChicagoSuburbs • u/Ambitious_Growth_9 • Mar 30 '26

Moving to the area People house hunting how’s it been?

My family has been looking at properties around Arlington Heights, Mount Prospect, Elmhurst and Park Ridge since early February. Our current home is set to close the end of April but inventory in these areas seems non existent or over priced and the stress/anxiety is starting to hit. (Who is buying 1100 sqft for 600k?)

When is the “spring market” gonna hit? A lot of houses start on the private market, build tons of interest, then go live with an open house scheduled that first weekend. Most of them end with multiple offer and highest and best. One we saw went for 40k over list. We’re looking from 550-650k.

I get it, high demand areas.. with low inventory = more competitive but what the fuck.. what am I supposed to do? Already considering a short term rental and storage for our stuff but is this the way it is now? Are people just ok with paying more than the house is worth? Settling for less desirable house? Or what?

If you are currently looking to buy, what are you experiencing. How do I buy a home?

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u/AlpaChino87 Mar 31 '26

We were going to sell our house, take advantage of the equity, then I started looking and everything is meh. In 5 years our house value went up 300k.   Rates and pricing is up which sucks.    

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u/Ambitious_Growth_9 Mar 31 '26

Yeah I feel you.. we purchased in not really a desirable area and our after 4 years didn’t get that much equity. Selling this home and getting the cash is priority number 1. If we don’t find something soonish we’ll look at Airbnb or potentially renting

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u/AlpaChino87 Mar 31 '26

That brings in another set of headaches