How's Chicago's Real Estate Market?
Chicago, IL 60654
Single-Family Homes
312-961-6212
Chicago, IL 60654
Fri Feb 26 2021
This week the median list price for Chicago, IL 60654 is $2,275,000 with the market action index hovering around 33. This is less than last month's market action index of 40. Inventory has held steady at or around 1.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Real-Time Market Profile
| Median List Price | $2,275,000 | |
| Per Square Foot | $325 | |
| Days on Market | 217 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 1 | |
| Median Rent | $1,908 | |
| Most Expensive | $2,275,000 | |
| Least Expensive | $2,275,000 | |
| Market Action | 33 | |
| Slight Seller's Advantage | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $NaN | NaN | N/A | NaN | NaN | NaN | NaN | NaN | NaN |
| $NaN | NaN | N/A | NaN | NaN | NaN | NaN | NaN | NaN |
| $2,275,000 | 7,000 | 0.25 - 0.5 acre | 5 | 4 | 16 | 0 | 0 | 217 |
| $2,275,000 | 7,000 | 0.25 - 0.5 acre | 5 | 4 | 16 | 0 | 0 | 217 |