Baird & Warner's Market Report

Chicago, IL 60601

Condos/Townhomes

www.BairdWarner.com



Chicago, IL 60601

Mon Dec 02 2024
This week the median list price for Chicago, IL 60601 is $544,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 106. 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 60601

Mon Dec 02 2024
This week the median list price for Chicago, IL 60601 is $544,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 106. 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 $544,000
Median Price of New Listings $489,750
Per Square Foot $466
Average Days on Market 108
Median Days on Market 95
Price Decreased 20%
Price Increased 0%
Relisted 25%
Inventory 106
Median Rent
Market Action 30
Slight Seller's Advantage

The value placed on homes continues to increase, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

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
$2,360,497 2,422 - 3 3 4 1 3 105
$822,500 1,400 - 2 2 17 2 1 73
$475,000 1,139 - 2 2 28 2 1 105
$289,000 833 - 1 1 35 3 1 112