How's Chicago's Real Estate Market?

Chicago, IL 60610

Condos/Townhomes

312-961-6212



Chicago, IL 60610

Wed Oct 21 2020
This week the median list price for Chicago, IL 60610 is $449,000 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has held steady at or around 575. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Chicago, IL 60610

Wed Oct 21 2020
This week the median list price for Chicago, IL 60610 is $449,000 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has held steady at or around 575. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $449,000
Per Square Foot $345
Days on Market 123
Price Decreased 32%
Price Increased 0%
Relisted 27%
Inventory 575
Median Rent $1,962
Most Expensive $7,999,000
Least Expensive $145,700
Market Action 27
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
$1,174,999 2,556 0 - 4,500 sqft 3 3 42 6 5 181
$554,500 1,528 0 - 4,500 sqft 2 2 31 11 5 106
$372,000 1,100 - 2 2 32 8 8 108
$229,950 800 - 1 1 53 10 7 98