Market Report

Chicago, IL 60611

Single-Family Homes

The Pareto Group I zak@paretogroup.realestate I (312) 883-8550



Chicago, IL 60611

Fri Mar 14 2025
This week the median list price for Chicago, IL 60611 is $2,870,000 with the market action index hovering around 21. This is less than last month's market action index of 30. Inventory has increased to 6. 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 Buyer's Advantage

Market Narrative

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Chicago, IL 60611

Fri Mar 14 2025
This week the median list price for Chicago, IL 60611 is $2,870,000 with the market action index hovering around 21. This is less than last month's market action index of 30. Inventory has increased to 6. 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 Buyer's Advantage

Market Narrative

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $2,870,000
Median Price of New Listings $3,390,000
Per Square Foot $521
Average Days on Market 397
Median Days on Market 389
Price Decreased 33%
Price Increased 0%
Relisted 33%
Inventory 6
Median Rent
Market Action 21
Slight Buyer's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$4,995,000 6,500 0 - 4,500 sqft 5 5.5 145 0 0 504
$3,699,000 6,500 0 - 4,500 sqft 5 5.5 140 0 0 651
$2,870,000 4,356 0 - 4,500 sqft 4 3.8 85 1 0 154
$2,124,997 4,828 0 - 4,500 sqft 5 5.5 133 0 0 458