Baird & Warner's Market Report

Chicago, IL 60601

Condos/Townhomes

www.BairdWarner.com



Chicago, IL 60601

Sat Mar 02 2024
This week the median list price for Chicago, IL 60601 is $769,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 91. 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

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

Sat Mar 02 2024
This week the median list price for Chicago, IL 60601 is $769,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 91. 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

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 $769,000
Median Price of New Listings $587,000
Per Square Foot $513
Average Days on Market 133
Median Days on Market 119
Price Decreased 15%
Price Increased 1%
Relisted 16%
Inventory 91
Median Rent
Market Action 31
Slight Seller's Advantage

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money.

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
$1,992,500 2,366 - 3 2.8 4 1 0 140
$939,000 1,586 - 2 2 17 0 1 133
$575,000 1,275 - 2 2 33 5 1 35
$389,000 854 - 1 1 33 2 4 119