How's Chicago's Real Estate Market?

Chicago, IL 60654

Single-Family Homes

312-961-6212



Chicago, IL 60654

Wed Jul 02 2025
This week the median list price for Chicago, IL 60654 is $3,647,500 with the market action index hovering around 24. This is less than last month's market action index of 34. Inventory has held steady at or around 4. 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

Market Narrative

The market has been cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.

Chicago, IL 60654

Wed Jul 02 2025
This week the median list price for Chicago, IL 60654 is $3,647,500 with the market action index hovering around 24. This is less than last month's market action index of 34. Inventory has held steady at or around 4. 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

Market Narrative

The market has been cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $3,647,500
Median Price of New Listings $2,795,000
Per Square Foot $399
Average Days on Market 88
Median Days on Market 32
Price Decreased 25%
Price Increased 0%
Relisted 25%
Inventory 4
Median Rent
Market Action 24
Slight Buyer's Advantage

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
$6,500,000 10,360 6,500 - 8,000 sqft 7 9.5 18 0 0 287
$4,500,000 0 0 - 4,500 sqft 6 7.5 15 0 0 35
$2,795,000 7,000 - 5 4.5 19 1 0 0
$214,900 550 - NaN 1 24 0 0 28