How's Chicago's Real Estate Market?
Chicago, IL 60611
Condos/Townhomes
312-961-6212
Chicago, IL 60611
Sat Aug 23 2025
This week the median list price for Chicago, IL 60611 is $699,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has decreased to 431.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Real-Time Market Profile
| Median List Price | $699,000 | |
| Median Price of New Listings | $575,000 | |
| Per Square Foot | $460 | |
| Average Days on Market | 154 | |
| Median Days on Market | 91 | |
| Price Decreased | 19% | |
| Price Increased | 1% | |
| Relisted | 22% | |
| Inventory | 431 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,175,000 | 3,010 | - | 3 | 3.5 | 21 | 2 | 5 | 105 |
| $931,500 | 1,908 | - | 2 | 2.5 | 25 | 5 | 9 | 94 |
| $479,900 | 1,208 | - | 2 | 1.5 | 35 | 6 | 8 | 91 |
| $264,000 | 800 | - | 1 | 1 | 42 | 6 | 12 | 63 |