How's Chicago's Real Estate Market?

Chicago, IL 60614

Single-Family Homes

312-961-6212



Chicago, IL 60614

Sat Jul 20 2024
This week the median list price for Chicago, IL 60614 is $3,049,950 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 58. 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 Buyer's Advantage

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.

Chicago, IL 60614

Sat Jul 20 2024
This week the median list price for Chicago, IL 60614 is $3,049,950 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 58. 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 Buyer's Advantage

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

Never miss important changes in the Chicago market.
Median List Price $3,049,950
Median Price of New Listings $1,300,000
Per Square Foot $603
Average Days on Market 147
Median Days on Market 91
Price Decreased 41%
Price Increased 0%
Relisted 29%
Inventory 58
Median Rent
Market Action 29
Slight Buyer's Advantage

Prices in this zip code seem to have settled around a 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
$6,247,200 8,140 0 - 4,500 sqft 6 6.3 16 0 0 164
$3,987,500 6,000 0 - 4,500 sqft 6 6 12 0 0 126
$2,595,000 5,000 0 - 4,500 sqft 5 5.5 33 0 2 63
$1,399,000 2,905 0 - 4,500 sqft 4 3.5 133 3 3 91