How's Chicago's Real Estate Market?
Chicago, IL 60611
Condos/Townhomes
312-961-6212
Chicago, IL 60611
Thu Nov 06 2025
This week the median list price for Chicago, IL 60611 is $715,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has decreased to 417.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
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 | $715,000 | |
| Median Price of New Listings | $575,000 | |
| Per Square Foot | $451 | |
| Average Days on Market | 170 | |
| Median Days on Market | 105 | |
| Price Decreased | 19% | |
| Price Increased | 1% | |
| Relisted | 22% | |
| Inventory | 417 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,100,000 | 3,065 | - | 3 | 3.5 | 20 | 1 | 5 | 126 |
| $935,000 | 1,930 | - | 2 | 2.5 | 40 | 4 | 10 | 105 |
| $545,500 | 1,256 | - | 2 | 2 | 35 | 6 | 6 | 115 |
| $267,700 | 807 | - | 1 | 1 | 42 | 7 | 7 | 77 |