How's Chicago's Real Estate Market?

Chicago, IL 60610

Single-Family Homes

312-961-6212



Chicago, IL 60610

Tue May 18 2021
This week the median list price for Chicago, IL 60610 is $2,935,000 with the market action index hovering around 20. This is about the same as last month's market action index of 20. Inventory has increased to 40. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Chicago, IL 60610

Tue May 18 2021
This week the median list price for Chicago, IL 60610 is $2,935,000 with the market action index hovering around 20. This is about the same as last month's market action index of 20. Inventory has increased to 40. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $2,935,000
Median Price of New Listings $2,447,500
Per Square Foot $577
Average Days on Market 276
Median Days on Market 228
Price Decreased 38%
Price Increased 3%
Relisted 33%
Inventory 40
Median Rent $2,037
Market Action 20
Slight Buyer's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices 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
$10,225,000 9,850 0 - 4,500 sqft 6 7 110 0 1 203
$4,250,000 7,562 0 - 4,500 sqft 5 6 123 1 0 280
$2,497,000 4,281 0 - 4,500 sqft 5 4 80 2 1 238
$1,287,450 3,250 0 - 4,500 sqft 4 3 128 1 0 45