How's Chicago's Real Estate Market?

Chicago, IL 60654

Single-Family Homes

312-961-6212



Current active inventory in Chicago, IL 60654 is very low. Keep this in mind when looking at this report.

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. 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

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.

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. 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

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

Never miss important changes in the Chicago market.
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