How's Chicago's Real Estate Market?
Chicago, IL 60601
Condos/Townhomes
312-961-6212
Chicago, IL 60601
Wed Feb 05 2025
This week the median list price for Chicago, IL 60601 is $699,900 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 91.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $699,900 | |
| Median Price of New Listings | $465,000 | |
| Per Square Foot | $551 | |
| Average Days on Market | 128 | |
| Median Days on Market | 119 | |
| Price Decreased | 13% | |
| Price Increased | 1% | |
| Relisted | 15% | |
| Inventory | 91 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,831,956 | 2,597 | - | 3 | 3 | 5 | 1 | 2 | 70 |
| $1,125,000 | 1,574 | - | 2 | 2 | 16 | 1 | 0 | 140 |
| $499,900 | 1,244 | - | 2 | 2 | 23 | 3 | 6 | 126 |
| $289,000 | 775 | - | 1 | 1 | 36 | 2 | 4 | 126 |