How's Chicago's Real Estate Market?
Chicago, IL 60601
Condos/Townhomes
312-961-6212
Chicago, IL 60601
Tue May 12 2026
This week the median list price for Chicago, IL 60601 is $724,900 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has increased to 117.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $724,900 | |
| Median Price of New Listings | $464,900 | |
| Per Square Foot | $571 | |
| Average Days on Market | 99 | |
| Median Days on Market | 56 | |
| Price Decreased | 17% | |
| Price Increased | 0% | |
| Relisted | 16% | |
| Inventory | 117 | |
| Median Rent | ||
| Market Action | 32 | |
| Slight Seller's Advantage | ||
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. Keep an eye on the Market Action Index for a leading indicator of the duration of this downtrend.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,303,997 | 2,485 | - | 3 | 2.8 | 6 | 0 | 3 | 87 |
| $965,000 | 1,586 | - | 2 | 2.5 | 19 | 5 | 2 | 49 |
| $495,000 | 1,000 | - | 1 | 1.5 | 19 | 4 | 5 | 63 |
| $310,000 | 825 | - | 1 | 1 | 24 | 4 | 4 | 21 |