How's Chicago's Real Estate Market?
Chicago, IL 60611
Condos/Townhomes
312-961-6212
Chicago, IL 60611
Mon Dec 04 2023
This week the median list price for Chicago, IL 60611 is $650,000 with the market action index hovering around 23. This is less than last month's market action index of 24. Inventory has decreased to 555.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $650,000 | |
| Median Price of New Listings | $297,500 | |
| Per Square Foot | $426 | |
| Average Days on Market | 217 | |
| Median Days on Market | 140 | |
| Price Decreased | 19% | |
| Price Increased | 0% | |
| Relisted | 26% | |
| Inventory | 555 | |
| Median Rent | ||
| Market Action | 23 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $2,485,000 | 3,388 | 0 - 4,500 sqft | 3 | 3.5 | 21 | 1 | 0 | 210 |
| $899,000 | 2,003 | - | 3 | 2.5 | 32 | 0 | 2 | 168 |
| $483,000 | 1,325 | - | 2 | 2 | 40 | 1 | 6 | 126 |
| $275,000 | 800 | 10 - 20 acres | 1 | 1 | 47 | 10 | 17 | 91 |