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. 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 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.

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. 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 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

Never miss important changes in the Chicago market.
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