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

Tue May 18 2021
This week the median list price for Chicago, IL 60654 is $3,600,000 with the market action index hovering around 26. This is less than last month's market action index of 32. Inventory has increased to 2. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Chicago, IL 60654

Tue May 18 2021
This week the median list price for Chicago, IL 60654 is $3,600,000 with the market action index hovering around 26. This is less than last month's market action index of 32. Inventory has increased to 2. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $3,600,000
Median Price of New Listings $0
Per Square Foot $442
Average Days on Market 25
Median Days on Market 25
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent $2,234
Market Action 26
Slight Buyer's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$3,600,000 8,100 0 - 4,500 sqft 5 5 15 0 0 24
$4,500,000 10,000 0 - 4,500 sqft 6 7 16 0 0 42
$2,700,000 6,200 - 5 4 15 0 0 7