Tracey Velt's Market Report
Chicago, IL
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Chicago, IL
Tue Jun 17 2025
This week the median list price for Chicago, IL is $325,000 with the market action index hovering around 45. This is less than last month's market action index of 47. Inventory has held steady at or around 1,507.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $325,000 | |
| Median Price of New Listings | $344,900 | |
| Per Square Foot | $199 | |
| Average Days on Market | 96 | |
| Median Days on Market | 42 | |
| Price Decreased | 26% | |
| Price Increased | 1% | |
| Relisted | 21% | |
| Inventory | 1,507 | |
| Median Rent | ||
| Market Action | 45 | |
| Strong Seller's Market | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $949,999 | 3,600 | - | 5 | 3.5 | 97 | 50 | 53 | 42 |
| $399,900 | 1,763 | - | 4 | 2 | 82 | 61 | 68 | 35 |
| $275,000 | 1,500 | - | 4 | 2 | 84 | 48 | 55 | 56 |
| $150,000 | 1,231 | - | 3 | 1.5 | 105 | 46 | 67 | 56 |