How's Chicago's Real Estate Market?
Chicago, IL 60610
Single-Family Homes
312-961-6212
Chicago, IL 60610
Thu Dec 26 2024
This week the median list price for Chicago, IL 60610 is $3,274,997 with the market action index hovering around 21. This is less than last month's market action index of 23. Inventory has decreased to 26.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $3,274,997 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $597 | |
| Average Days on Market | 365 | |
| Median Days on Market | 298 | |
| Price Decreased | 19% | |
| Price Increased | 12% | |
| Relisted | 31% | |
| Inventory | 26 | |
| Median Rent | ||
| Market Action | 21 | |
| Slight Buyer's Advantage | ||
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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 |
|---|---|---|---|---|---|---|---|---|
| $6,695,000 | 9,040 | 0 - 4,500 sqft | 5 | 5.8 | 126 | 0 | 0 | 374 |
| $3,872,500 | 7,336 | 0 - 4,500 sqft | 5 | 5.3 | 138 | 0 | 0 | 427 |
| $2,995,000 | 6,250 | 0 - 4,500 sqft | 5 | 6 | 129 | 0 | 0 | 280 |
| $1,800,000 | 4,000 | 0 - 4,500 sqft | 4 | 3.5 | 135 | 0 | 0 | 133 |