How's Chicago's Real Estate Market?

Chicago, IL 60610

Condos/Townhomes

312-961-6212



Chicago, IL 60610

Mon Jun 17 2024
This week the median list price for Chicago, IL 60610 is $599,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has increased to 211. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Chicago, IL 60610

Mon Jun 17 2024
This week the median list price for Chicago, IL 60610 is $599,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has increased to 211. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $599,900
Median Price of New Listings $699,500
Per Square Foot $378
Average Days on Market 107
Median Days on Market 49
Price Decreased 27%
Price Increased 0%
Relisted 27%
Inventory 211
Median Rent
Market Action 36
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,862,500 3,733 0 - 4,500 sqft 3 3.5 27 4 3 84
$749,000 2,000 0 - 4,500 sqft 3 2.5 44 7 4 56
$465,000 1,288 - 2 2 50 4 8 35
$269,900 825 - 1 1 55 3 8 35