How's Chicago's Real Estate Market?

Chicago, IL 60611

Condos/Townhomes

312-961-6212



Chicago, IL 60611

Sat May 17 2025
This week the median list price for Chicago, IL 60611 is $599,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has increased to 488. 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 Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Chicago, IL 60611

Sat May 17 2025
This week the median list price for Chicago, IL 60611 is $599,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has increased to 488. 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 Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $599,000
Median Price of New Listings $549,000
Per Square Foot $447
Average Days on Market 147
Median Days on Market 56
Price Decreased 18%
Price Increased 1%
Relisted 20%
Inventory 488
Median Rent
Market Action 30
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. 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
$1,995,000 3,000 - 3 3.5 25 10 5 112
$850,000 1,800 - 2 2 41 17 8 63
$479,900 1,238 - 2 2 42 19 15 49
$260,000 765 - 1 1 45 21 18 42