Market Report
Chicago, IL 60640
Single-Family Homes
The Pareto Group I zak@paretogroup.realestate I (312) 883-8550
Chicago, IL 60640
Thu Mar 13 2025
This week the median list price for Chicago, IL 60640 is $1,717,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 5.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,717,000 | |
| Median Price of New Listings | $1,900,000 | |
| Per Square Foot | $502 | |
| Average Days on Market | 10 | |
| Median Days on Market | 0 | |
| Price Decreased | 20% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 5 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
Click for more charts
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,250,000 | 4,500 | - | 6 | 5 | 1 | 1 | 0 | 0 |
| $1,900,000 | 3,660 | - | 4 | 3.5 | 125 | 1 | 1 | 0 |
| $1,717,000 | 3,400 | - | 3 | 3.5 | 0 | 0 | 0 | 14 |
| $1,562,000 | 3,285 | - | 4 | 4 | 76 | 1 | 0 | 17 |