Market Report
Chicago, IL 60657
Single-Family Homes
The Pareto Group I zak@paretogroup.realestate I (312) 883-8550
Chicago, IL 60657
Thu Mar 13 2025
This week the median list price for Chicago, IL 60657 is $2,825,000 with the market action index hovering around 40. This is an increase over last month's market action index of 36. Inventory has held steady at or around 13.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $2,825,000 | |
| Median Price of New Listings | $1,437,500 | |
| Per Square Foot | $499 | |
| Average Days on Market | 93 | |
| Median Days on Market | 28 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 13 | |
| Median Rent | ||
| Market Action | 40 | |
| Slight Seller's Advantage | ||
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,200,000 | 14,000 | 0.25 - 0.5 acre | 11 | 8.5 | 110 | 0 | 0 | 259 |
| $3,549,000 | 6,000 | - | 6 | 4.5 | 118 | 0 | 0 | 28 |
| $2,799,000 | 5,400 | 0 - 4,500 sqft | 6 | 5 | 5 | 0 | 0 | 21 |
| $1,902,500 | 3,300 | 0 - 4,500 sqft | 4 | 3.5 | 27 | 2 | 2 | 10 |