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

Mon Mar 18 2024
This week the median list price for Chicago, IL 60654 is $784,500 with the market action index hovering around 14. This is an increase over last month's market action index of 6. Inventory has decreased 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.

Strong Buyer's Market

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Chicago, IL 60654

Mon Mar 18 2024
This week the median list price for Chicago, IL 60654 is $784,500 with the market action index hovering around 14. This is an increase over last month's market action index of 6. Inventory has decreased 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.

Strong Buyer's Market

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $784,500
Median Price of New Listings $0
Per Square Foot $415
Average Days on Market 25
Median Days on Market 25
Price Decreased 50%
Price Increased 0%
Relisted 50%
Inventory 2
Median Rent
Market Action 14
Strong Buyer's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$1,375,000 3,100 - 4 3 21 0 0 7
$194,000 500 - NaN 1 62 0 0 42