How's Chicago's Real Estate Market?

Chicago, IL 60614

Single-Family Homes

312-961-6212



Chicago, IL 60614

Fri Mar 29 2024
This week the median list price for Chicago, IL 60614 is $3,097,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has increased to 54. 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 Seller's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Chicago, IL 60614

Fri Mar 29 2024
This week the median list price for Chicago, IL 60614 is $3,097,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has increased to 54. 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 Seller's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $3,097,500
Median Price of New Listings $3,291,944
Per Square Foot $593
Average Days on Market 119
Median Days on Market 42
Price Decreased 24%
Price Increased 0%
Relisted 24%
Inventory 54
Median Rent
Market Action 30
Slight Seller's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$5,950,000 7,528 0 - 4,500 sqft 5 6 16 2 1 126
$3,500,000 6,000 0 - 4,500 sqft 6 5.5 21 1 2 42
$2,479,444 5,525 0 - 4,500 sqft 5 4.8 35 2 2 24
$1,632,500 3,000 0 - 4,500 sqft 4 3.5 86 1 5 31