How's Chicago's Real Estate Market?

Chicago, IL 60611

Condos/Townhomes

312-961-6212



Chicago, IL 60611

Thu Dec 08 2022
This week the median list price for Chicago, IL 60611 is $689,900 with the market action index hovering around 24. This is less than last month's market action index of 25. Inventory has decreased to 599. 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 Buyer's Advantage

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.

Chicago, IL 60611

Thu Dec 08 2022
This week the median list price for Chicago, IL 60611 is $689,900 with the market action index hovering around 24. This is less than last month's market action index of 25. Inventory has decreased to 599. 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 Buyer's Advantage

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

Never miss important changes in the Chicago market.
Median List Price $689,900
Median Price of New Listings $407,500
Per Square Foot $426
Average Days on Market 200
Median Days on Market 140
Price Decreased 21%
Price Increased 0%
Relisted 25%
Inventory 599
Median Rent
Market Action 24
Slight Buyer's Advantage

We continue to see prices in this zip code hovering around their high point. 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
$2,500,000 3,376 0 - 4,500 sqft 3 3.5 20 1 2 147
$940,000 2,000 0 - 4,500 sqft 2 2.5 33 3 6 164
$525,000 1,425 0.25 - 0.5 acre 2 2 49 6 4 126
$257,450 845 - 1 1 50 6 8 133