Market Report
Chicago, IL 60611
Condos/Townhomes
The Pareto Group I zak@paretogroup.realestate I (312) 883-8550
Chicago, IL 60611
Sun Sep 14 2025
This week the median list price for Chicago, IL 60611 is $720,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 449.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
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 | $720,000 | |
| Median Price of New Listings | $550,000 | |
| Per Square Foot | $464 | |
| Average Days on Market | 159 | |
| Median Days on Market | 91 | |
| Price Decreased | 17% | |
| Price Increased | 1% | |
| Relisted | 20% | |
| Inventory | 449 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,390,000 | 3,102 | - | 3 | 3.5 | 20 | 10 | 2 | 91 |
| $949,250 | 1,978 | - | 2 | 2.5 | 23 | 6 | 6 | 119 |
| $497,450 | 1,214 | - | 2 | 2 | 35 | 12 | 4 | 84 |
| $265,000 | 800 | - | 1 | 1 | 42 | 9 | 17 | 66 |