How's Chicago's Real Estate Market?

Chicago, IL 60610

Condos/Townhomes

312-961-6212



Chicago, IL 60610

Tue May 26 2020
This week the median list price for Chicago, IL 60610 is $475,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 332. 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

Tue May 26 2020
This week the median list price for Chicago, IL 60610 is $475,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 332. 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 $475,000
Per Square Foot $357
Days on Market 136
Price Decreased 16%
Price Increased 0%
Relisted 26%
Inventory 332
Median Rent $2,170
Most Expensive $7,999,000
Least Expensive $124,900
Market Action 34
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
$1,299,000 2,968 0 - 4,500 sqft 3 3 31 7 6 207
$635,000 1,811 0 - 4,500 sqft 2 2 40 13 8 122
$375,000 1,116 8,000 - 10,000 sqft 2 2 47 11 9 118
$240,000 750 - 1 1 54 12 9 93