How's Chicago's Real Estate Market?
Chicago, IL 60611
Condos/Townhomes
312-961-6212
Chicago, IL 60611
Fri Oct 30 2020
This week the median list price for Chicago, IL 60611 is $539,500 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 1,039.
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 | $539,500 | |
| Per Square Foot | $396 | |
| Days on Market | 166 | |
| Price Decreased | 27% | |
| Price Increased | 1% | |
| Relisted | 22% | |
| Inventory | 1,039 | |
| Median Rent | $2,200 | |
| Most Expensive | $13,500,000 | |
| Least Expensive | $132,000 | |
| Market Action | 28 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,775,000 | 2,754 | 0 - 4,500 sqft | 3 | 3 | 20 | 16 | 23 | 214 |
| $696,250 | 1,600 | 2.5 - 5 acres | 2 | 2 | 36 | 12 | 23 | 184 |
| $402,250 | 1,116 | 0 - 4,500 sqft | 2 | 2 | 38 | 13 | 24 | 145 |
| $229,912 | 750 | 0 - 4,500 sqft | 1 | 1 | 48 | 27 | 28 | 118 |