How's Chicago's Real Estate Market?
Chicago, IL 60601
Condos/Townhomes
312-961-6212
Chicago, IL 60601
Wed Jul 30 2025
This week the median list price for Chicago, IL 60601 is $797,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has decreased to 120.
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. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
Real-Time Market Profile
| Median List Price | $797,500 | |
| Median Price of New Listings | $445,000 | |
| Per Square Foot | $625 | |
| Average Days on Market | 111 | |
| Median Days on Market | 74 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 22% | |
| Inventory | 120 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,491,607 | 2,582 | - | 3 | 3 | 5 | 0 | 1 | 94 |
| $1,093,000 | 1,560 | - | 2 | 2 | 4 | 1 | 0 | 105 |
| $527,450 | 1,235 | - | 2 | 2 | 23 | 3 | 2 | 73 |
| $314,450 | 860 | - | 1 | 1 | 36 | 3 | 3 | 42 |