How's Chicago's Real Estate Market?

Chicago, IL 60614

Single-Family Homes

312-961-6212



Chicago, IL 60614

Tue May 18 2021
This week the median list price for Chicago, IL 60614 is $2,224,500 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has decreased to 82. 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

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.

Chicago, IL 60614

Tue May 18 2021
This week the median list price for Chicago, IL 60614 is $2,224,500 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has decreased to 82. 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

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

Never miss important changes in the Chicago market.
Median List Price $2,224,500
Median Price of New Listings $1,274,999
Per Square Foot $442
Average Days on Market 138
Median Days on Market 74
Price Decreased 40%
Price Increased 1%
Relisted 35%
Inventory 82
Median Rent $3,395
Market Action 34
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices 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
$4,175,000 7,000 0 - 4,500 sqft 6 6 11 1 0 115
$2,597,500 5,534 0 - 4,500 sqft 5 5 14 1 1 70
$1,749,000 4,400 0 - 4,500 sqft 4 4 27 2 5 77
$1,249,999 3,350 0 - 4,500 sqft 4 3 70 6 5 42