How's Chicago's Real Estate Market?

Chicago, IL 60611

Condos/Townhomes

312-961-6212



Chicago, IL 60611

Tue Mar 19 2024
This week the median list price for Chicago, IL 60611 is $743,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has increased to 519. 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 Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Chicago, IL 60611

Tue Mar 19 2024
This week the median list price for Chicago, IL 60611 is $743,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has increased to 519. 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 Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $743,000
Median Price of New Listings $484,500
Per Square Foot $455
Average Days on Market 191
Median Days on Market 119
Price Decreased 13%
Price Increased 0%
Relisted 23%
Inventory 519
Median Rent
Market Action 28
Slight Buyer's Advantage

We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$2,575,000 3,436 0 - 4,500 sqft 3 3.5 20 8 4 175
$1,180,000 2,124 - 3 2.5 24 11 7 150
$525,000 1,361 0 - 4,500 sqft 2 2 41 10 12 150
$282,500 860 - 1 1 43 15 14 42