How's Chicago's Real Estate Market?

Chicago, IL 60601

Condos/Townhomes

312-961-6212



Chicago, IL 60601

Thu May 22 2025
This week the median list price for Chicago, IL 60601 is $565,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 137. Click here to stay informed with the Chicago market!

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 been cooling in recent weeks. Since this is a Buyer’s market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.

Chicago, IL 60601

Thu May 22 2025
This week the median list price for Chicago, IL 60601 is $565,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 137. Click here to stay informed with the Chicago market!

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 been cooling in recent weeks. Since this is a Buyer’s market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $565,000
Median Price of New Listings $649,000
Per Square Foot $482
Average Days on Market 106
Median Days on Market 63
Price Decreased 27%
Price Increased 0%
Relisted 21%
Inventory 137
Median Rent
Market Action 29
Slight Buyer's Advantage

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$2,242,500 2,469 - 3 2.5 5 2 1 91
$845,000 1,475 - 2 2 19 2 1 56
$492,000 1,225 - 2 2 21 0 7 66
$289,900 825 - 1 1 36 3 3 49