How's Chicago's Real Estate Market?
Chicago, IL 60614
Co-Ops
312-961-6212
Chicago, IL 60614
Fri Apr 26 2024
This week the median list price for Chicago, IL 60614 is $2,200,000 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has increased to 5.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Real-Time Market Profile
| Median List Price | $2,200,000 | |
| Median Price of New Listings | $1,099,000 | |
| Per Square Foot | $392 | |
| Average Days on Market | 64 | |
| Median Days on Market | 84 | |
| Price Decreased | 20% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 5 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $2,450,000 | 5,600 | - | 5 | 5.5 | 97 | 0 | 0 | 84 |
| $2,200,000 | 5,600 | - | 5 | 5.5 | 97 | 0 | 0 | 84 |
| $2,200,000 | 5,600 | - | 5 | 4.5 | 97 | 0 | 0 | 84 |
| $1,039,500 | 2,550 | - | 3 | 2.3 | 96 | 1 | 0 | 35 |