How's Chicago's Real Estate Market?
Chicago, IL 60611
Condos/Townhomes
312-961-6212
Chicago, IL 60611
Thu Jan 02 2025
This week the median list price for Chicago, IL 60611 is $649,500 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has decreased to 384.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $649,500 | |
| Median Price of New Listings | $325,000 | |
| Per Square Foot | $444 | |
| Average Days on Market | 216 | |
| Median Days on Market | 140 | |
| Price Decreased | 17% | |
| Price Increased | 0% | |
| Relisted | 24% | |
| Inventory | 384 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,497,500 | 3,250 | 0 - 4,500 sqft | 3 | 3.5 | 21 | 0 | 3 | 220 |
| $991,000 | 1,860 | - | 2 | 2.5 | 40 | 1 | 4 | 161 |
| $499,450 | 1,257 | - | 2 | 2 | 39 | 3 | 13 | 140 |
| $269,500 | 840 | - | 1 | 1 | 47 | 5 | 15 | 91 |