How's Chicago's Real Estate Market?

Chicago, IL 60614

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Current active inventory in Chicago, IL 60614 is very low. Keep this in mind when looking at this report.

Chicago, IL 60614

Fri May 09 2025
This week the median list price for Chicago, IL 60614 is $1,337,500 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has held steady at or around 2. 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

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Chicago, IL 60614

Fri May 09 2025
This week the median list price for Chicago, IL 60614 is $1,337,500 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has held steady at or around 2. 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

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $1,337,500
Median Price of New Listings $0
Per Square Foot $283
Average Days on Market 347
Median Days on Market 347
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 33
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$2,000,000 5,600 - 5 4.5 98 0 0 462
$675,000 3,200 - 4 3.5 97 0 0 231