How's Chicago's Real Estate Market?

Chicago, IL 60611

Condos/Townhomes

312-961-6212



Chicago, IL 60611

Tue May 18 2021
This week the median list price for Chicago, IL 60611 is $499,000 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has decreased to 949. 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 Seller's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Chicago, IL 60611

Tue May 18 2021
This week the median list price for Chicago, IL 60611 is $499,000 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has decreased to 949. 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 Seller's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $499,000
Median Price of New Listings $599,000
Per Square Foot $384
Average Days on Market 182
Median Days on Market 112
Price Decreased 21%
Price Increased 1%
Relisted 22%
Inventory 949
Median Rent $2,200
Market Action 30
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,719,000 2,800 0 - 4,500 sqft 3 3 21 31 13 196
$649,000 1,590 - 2 2 41 30 19 133
$375,000 1,037 - 1 1 44 24 15 98
$224,900 741 - 1 1 52 18 20 105