How's Chicago's Real Estate Market?
Chicago, IL 60614
Single-Family Homes
312-961-6212
Chicago, IL 60614
Wed Jan 15 2025
This week the median list price for Chicago, IL 60614 is $4,195,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 27.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $4,195,000 | |
| Median Price of New Listings | $1,187,000 | |
| Per Square Foot | $734 | |
| Average Days on Market | 272 | |
| Median Days on Market | 238 | |
| Price Decreased | 30% | |
| Price Increased | 4% | |
| Relisted | 26% | |
| Inventory | 27 | |
| Median Rent | ||
| Market Action | 32 | |
| Slight Seller's Advantage | ||
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
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 |
|---|---|---|---|---|---|---|---|---|
| $7,400,000 | 8,338 | 8,000 - 10,000 sqft | 5 | 5.8 | 17 | 0 | 0 | 322 |
| $5,695,000 | 6,400 | 0 - 4,500 sqft | 6 | 6.5 | 22 | 0 | 1 | 259 |
| $3,500,000 | 6,200 | 0 - 4,500 sqft | 5 | 5.5 | 22 | 0 | 1 | 217 |
| $1,595,000 | 3,000 | 0 - 4,500 sqft | 4 | 3.5 | 135 | 2 | 4 | 154 |