How's Chicago's Real Estate Market?

Chicago, IL 60610

Single-Family Homes

312-961-6212



Chicago, IL 60610

Tue Mar 19 2024
This week the median list price for Chicago, IL 60610 is $2,972,500 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has increased to 34. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Chicago, IL 60610

Tue Mar 19 2024
This week the median list price for Chicago, IL 60610 is $2,972,500 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has increased to 34. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $2,972,500
Median Price of New Listings $2,800,000
Per Square Foot $586
Average Days on Market 305
Median Days on Market 186
Price Decreased 21%
Price Increased 0%
Relisted 18%
Inventory 34
Median Rent
Market Action 27
Slight Buyer's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$6,495,000 8,500 0 - 4,500 sqft 6 6.5 126 0 0 297
$3,420,000 5,580 0 - 4,500 sqft 4 5.8 135 0 0 217
$2,250,000 4,036 0 - 4,500 sqft 5 4.5 138 1 0 140
$995,000 2,052 0 - 4,500 sqft 3 3 73 0 1 119