How's Chicago's Real Estate Market?
Chicago, IL 60611
Condos/Townhomes
312-961-6212
Chicago, IL 60611
Mon May 11 2026
This week the median list price for Chicago, IL 60611 is $650,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has increased to 346.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Real-Time Market Profile
| Median List Price | $650,000 | |
| Median Price of New Listings | $585,000 | |
| Per Square Foot | $486 | |
| Average Days on Market | 159 | |
| Median Days on Market | 56 | |
| Price Decreased | 16% | |
| Price Increased | 1% | |
| Relisted | 16% | |
| Inventory | 346 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
Prices in this zip code have been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,100,000 | 3,043 | - | 3 | 3.5 | 22 | 8 | 6 | 98 |
| $895,000 | 1,746 | - | 2 | 2 | 45 | 8 | 6 | 63 |
| $499,000 | 1,109 | - | 2 | 1.5 | 35 | 9 | 9 | 56 |
| $255,000 | 765 | - | 1 | 1 | 42 | 10 | 11 | 35 |