How's Chicago's Real Estate Market?

Chicago, IL 60614

Single-Family Homes

312-961-6212



Chicago, IL 60614

Sat Mar 02 2024
This week the median list price for Chicago, IL 60614 is $3,047,444 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has increased to 48. 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

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.

Chicago, IL 60614

Sat Mar 02 2024
This week the median list price for Chicago, IL 60614 is $3,047,444 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has increased to 48. 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

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

Never miss important changes in the Chicago market.
Median List Price $3,047,444
Median Price of New Listings $2,400,000
Per Square Foot $601
Average Days on Market 156
Median Days on Market 109
Price Decreased 29%
Price Increased 2%
Relisted 27%
Inventory 48
Median Rent
Market Action 30
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$5,775,000 7,528 0 - 4,500 sqft 5 6 11 0 0 220
$3,345,000 6,200 0 - 4,500 sqft 5 5 21 2 0 35
$2,400,000 5,029 0 - 4,500 sqft 5 4.5 23 2 1 122
$1,222,000 2,977 0 - 4,500 sqft 4 3.5 136 2 0 94