How's Chicago's Real Estate Market?
Chicago, IL 60614
Co-Ops
312-961-6212
Chicago, IL 60614
Mon May 25 2026
This week the median list price for Chicago, IL 60614 is $669,500 with the market action index hovering around 56. This is less than last month's market action index of 66. Inventory has increased to 2.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Real-Time Market Profile
| Median List Price | $669,500 | |
| Median Price of New Listings | $990,000 | |
| Per Square Foot | $370 | |
| Average Days on Market | 7 | |
| Median Days on Market | 7 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 2 | |
| Median Rent | ||
| Market Action | 56 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $990,000 | 2,200 | - | 3 | 3 | 99 | 1 | 0 | 0 |
| $0 | 0 | - | NaN | 0 | NaN | 0 | 0 | NaN |
| $349,000 | 1,200 | - | 1 | 1 | NaN | 0 | 0 | 14 |
| $0 | 0 | - | NaN | 0 | NaN | 0 | 0 | NaN |