How's Chicago's Real Estate Market?

Chicago, IL 60610

Single-Family Homes

312-961-6212


Chicago, IL 60610

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. 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 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.

Chicago, IL 60610

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. 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 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.

Real-Time Market Profile

Never miss important changes in the Chicago market.
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.

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
$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