Single-Family Homes
Fri Feb 26 2021
This week the median list price for Chicago, IL 60610 is $2,994,747 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 37.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Median List Price | $2,994,747 | |
Per Square Foot | $555 | |
Days on Market | 189 | |
Price Decreased | 8% | |
Price Increased | 5% | |
Relisted | 14% | |
Inventory | 37 | |
Median Rent | $3,550 | |
Most Expensive | $18,750,000 | |
Least Expensive | $800,000 | |
Market Action | 30 | |
Slight Seller'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.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$9,950,000 | 9,680 | 0 - 4,500 sqft | 6 | 7 | 116 | 0 | 0 | 133 |
$4,475,000 | 7,500 | 0 - 4,500 sqft | 6 | 6 | 124 | 2 | 0 | 189 |
$2,599,000 | 5,000 | 0 - 4,500 sqft | 5 | 5 | 34 | 0 | 0 | 385 |
$1,702,500 | 3,726 | 0 - 4,500 sqft | 4 | 4 | 126 | 0 | 0 | 133 |