Baird & Warner's Market Report
Chicago, IL 60657
Single-Family Homes
www.BairdWarner.com
Chicago, IL 60657
Sat Apr 19 2025
This week the median list price for Chicago, IL 60657 is $1,850,000 with the market action index hovering around 47. This is an increase over last month's market action index of 38. Inventory has decreased to 9.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $1,850,000 | |
| Median Price of New Listings | $2,307,500 | |
| Per Square Foot | $416 | |
| Average Days on Market | 57 | |
| Median Days on Market | 7 | |
| Price Decreased | 11% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 9 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,147,500 | 14,000 | 0.25 - 0.5 acre | 8 | 6.5 | 118 | 0 | 0 | 178 |
| $3,047,500 | 5,800 | - | 6 | 4.3 | 68 | 1 | 1 | 31 |
| $1,835,000 | 4,221 | 0.5 - 1 acre | 4 | 4 | 58 | 1 | 1 | 35 |
| $1,750,000 | 3,300 | 0 - 4,500 sqft | 4 | 3.5 | 22 | 0 | 0 | 7 |