How's Chicago's Real Estate Market?

Chicago, IL 60611

Condos/Townhomes

312-961-6212



Chicago, IL 60611

Mon Mar 01 2021
This week the median list price for Chicago, IL 60611 is $495,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 865. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Chicago, IL 60611

Mon Mar 01 2021
This week the median list price for Chicago, IL 60611 is $495,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 865. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $495,000
Per Square Foot $390
Days on Market 161
Price Decreased 14%
Price Increased 0%
Relisted 26%
Inventory 865
Median Rent $2,200
Most Expensive $13,500,000
Least Expensive $130,000
Market Action 33
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,697,000 2,754 0 - 4,500 sqft 3 3 30 15 35 178
$667,000 1,568 - 2 2 38 28 37 175
$375,000 1,000 - 1 1 41 18 23 140
$219,000 720 - 1 1 52 21 27 140