Market Report
Chicago, IL 60607
Single-Family Homes
The Pareto Group I zak@paretogroup.realestate I (312) 883-8550
Chicago, IL 60607
Sat May 03 2025
This week the median list price for Chicago, IL 60607 is $425,000 with the market action index hovering around 18. This is about the same as last month's market action index of 18. Inventory has held steady at or around 3.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
In a Buyer’s market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $425,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $253 | |
| Average Days on Market | 49 | |
| Median Days on Market | 49 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 3 | |
| Median Rent | ||
| Market Action | 18 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| $1,599,800 | 4,300 | - | 4 | 3.5 | 21 | 0 | 0 | 70 |
| $425,000 | 2,200 | - | 3 | 2 | NaN | 0 | 0 | 28 |
| $404,900 | 1,598 | - | 4 | 2 | 72 | 0 | 0 | 49 |