Baird & Warner's Market Report
Chicago, IL 60657
Single-Family Homes
www.BairdWarner.com
Chicago, IL 60657
Wed Jan 22 2025
This week the median list price for Chicago, IL 60657 is $1,999,500 with the market action index hovering around 28. This is less than last month's market action index of 31. Inventory has increased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $1,999,500 | |
| Median Price of New Listings | $1,735,000 | |
| Per Square Foot | $418 | |
| Average Days on Market | 133 | |
| Median Days on Market | 112 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 40% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $3,975,000 | 14,000 | 0.25 - 0.5 acre | 11 | 8.5 | 110 | 0 | 0 | 210 |
| $2,640,000 | 5,650 | 0 - 4,500 sqft | 5 | 5.3 | 14 | 0 | 0 | 94 |
| $1,947,500 | 4,159 | 0.25 - 0.5 acre | 5 | 4.5 | 1 | 0 | 0 | 220 |
| $1,362,500 | 4,200 | - | 4 | 3.5 | 41 | 2 | 0 | 3 |