Market Report
Chicago, IL 60603
Condos/Townhomes
The Pareto Group I zak@paretogroup.realestate I (312) 883-8550
Chicago, IL 60603
Fri May 02 2025
This week the median list price for Chicago, IL 60603 is $495,000 with the market action index hovering around 26. This is an increase over last month's market action index of 24. Inventory has increased to 33.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $495,000 | |
| Median Price of New Listings | $210,000 | |
| Per Square Foot | $433 | |
| Average Days on Market | 94 | |
| Median Days on Market | 56 | |
| Price Decreased | 9% | |
| Price Increased | 0% | |
| Relisted | 18% | |
| Inventory | 33 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move 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 |
|---|---|---|---|---|---|---|---|---|
| $887,000 | 1,710 | - | 2 | 2.5 | 16 | 0 | 0 | 143 |
| $662,450 | 1,499 | - | 2 | 2 | 16 | 0 | 0 | 59 |
| $448,500 | 1,140 | - | 2 | 2 | 17 | 0 | 2 | 14 |
| $245,000 | 800 | - | 1 | 1 | 113 | 1 | 1 | 63 |