Chicago’s Close Cost Calculator: Seller Average
This free calculator can help Chicago home sellers estimate their closing costs and net benefits. To understand the cost of selling a home in a windy city, enter the information for each of the input fields above. You can see the typical or state average of most Chicago sellers ending costs.
Home price: $371,500
How does your home compare to the city’s median selling price of $371,500? To determine your listing price, you can:
1. Get preliminary estimates with Homelight’s free home value estimator
2. Comparative Market Analysis (CMA) for Top Chicago Agents
3. Appraisal of a home listed before purchasing (usually $345 in Chicago)
4. Please visit this Homelight Map link to compare homes for recent sale in Chicago
Mortgage amount: $197,904
According to Experian, the mortgage balance of the average homeowner in Illinois is $197,904. To find the exact amount of income for a Chicago home, check your latest mortgage statement or contact your mortgage provider.
Listing Agent Fees: $9,287 – $11,145
The typical listing agency board in Chicago is between 2.5% and 3% of the price of a home. In a $371,500 home, your broker’s fee may range from $9,287-$11,145.