How's Chicago's Real Estate Market?
Chicago, IL 60611
Condos/Townhomes
312-961-6212
Chicago, IL 60611
Fri Aug 15 2025
This week the median list price for Chicago, IL 60611 is $699,949 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has decreased to 438.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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 and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $699,949 | |
| Median Price of New Listings | $445,000 | |
| Per Square Foot | $460 | |
| Average Days on Market | 153 | |
| Median Days on Market | 84 | |
| Price Decreased | 18% | |
| Price Increased | 1% | |
| Relisted | 24% | |
| Inventory | 438 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,275,000 | 3,065 | - | 3 | 3.5 | 21 | 6 | 3 | 108 |
| $949,500 | 1,912 | - | 2 | 2.5 | 25 | 4 | 2 | 91 |
| $495,000 | 1,210 | - | 2 | 1.5 | 35 | 4 | 11 | 91 |
| $269,000 | 800 | - | 1 | 1 | 45 | 11 | 21 | 56 |