How's Chicago's Real Estate Market?

Chicago, IL 60611

Condos/Townhomes

312-961-6212



Chicago, IL 60611

Tue May 26 2020
This week the median list price for Chicago, IL 60611 is $614,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 598. 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

Tue May 26 2020
This week the median list price for Chicago, IL 60611 is $614,500 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 598. 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 $614,500
Per Square Foot $425
Days on Market 204
Price Decreased 17%
Price Increased 0%
Relisted 16%
Inventory 598
Median Rent $2,500
Most Expensive $13,500,000
Least Expensive $130,000
Market Action 30
Slight Seller's Advantage

We continue to see prices in this zip code bounce 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
$2,000,000 2,984 8,000 - 10,000 sqft 3 3 20 20 10 268
$799,000 1,775 - 2 2 35 14 16 206
$482,500 1,259 - 2 2 35 12 8 173
$254,000 785 6,500 - 8,000 sqft 1 1 43 16 14 166