How's Chicago's Real Estate Market?

Chicago, IL 60611

Condos/Townhomes

312-961-6212



Chicago, IL 60611

Sat Jul 05 2025
This week the median list price for Chicago, IL 60611 is $640,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 460. 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

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Chicago, IL 60611

Sat Jul 05 2025
This week the median list price for Chicago, IL 60611 is $640,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 460. 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

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $640,000
Median Price of New Listings $702,500
Per Square Foot $450
Average Days on Market 149
Median Days on Market 70
Price Decreased 18%
Price Increased 0%
Relisted 24%
Inventory 460
Median Rent
Market Action 31
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$1,997,747 3,020 - 3 3.5 25 8 6 105
$850,000 1,803 - 2 2 35 9 11 77
$475,000 1,200 - 2 1.5 35 4 18 70
$259,900 800 - 1 1 48 9 21 56