How's Chicago's Real Estate Market?
Chicago, IL 60611
Condos/Townhomes
312-961-6212
Chicago, IL 60611
Thu Dec 08 2022
This week the median list price for Chicago, IL 60611 is $689,900 with the market action index hovering around 24. This is less than last month's market action index of 25. Inventory has decreased to 599.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $689,900 | |
| Median Price of New Listings | $407,500 | |
| Per Square Foot | $426 | |
| Average Days on Market | 200 | |
| Median Days on Market | 140 | |
| Price Decreased | 21% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 599 | |
| Median Rent | ||
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
We continue to see prices in this zip code hovering around their high point. 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 |
|---|---|---|---|---|---|---|---|---|
| $2,500,000 | 3,376 | 0 - 4,500 sqft | 3 | 3.5 | 20 | 1 | 2 | 147 |
| $940,000 | 2,000 | 0 - 4,500 sqft | 2 | 2.5 | 33 | 3 | 6 | 164 |
| $525,000 | 1,425 | 0.25 - 0.5 acre | 2 | 2 | 49 | 6 | 4 | 126 |
| $257,450 | 845 | - | 1 | 1 | 50 | 6 | 8 | 133 |