How's Chicago's Real Estate Market?

Chicago, IL 60611

Condos/Townhomes

312-961-6212



Chicago, IL 60611

Fri Oct 30 2020
This week the median list price for Chicago, IL 60611 is $539,500 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 1,039. 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

Fri Oct 30 2020
This week the median list price for Chicago, IL 60611 is $539,500 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 1,039. 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 $539,500
Per Square Foot $396
Days on Market 166
Price Decreased 27%
Price Increased 1%
Relisted 22%
Inventory 1,039
Median Rent $2,200
Most Expensive $13,500,000
Least Expensive $132,000
Market Action 28
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
$1,775,000 2,754 0 - 4,500 sqft 3 3 20 16 23 214
$696,250 1,600 2.5 - 5 acres 2 2 36 12 23 184
$402,250 1,116 0 - 4,500 sqft 2 2 38 13 24 145
$229,912 750 0 - 4,500 sqft 1 1 48 27 28 118