How's Chicago's Real Estate Market?
Chicago, IL 60654
Single-Family Homes
312-961-6212
Chicago, IL 60654
Tue May 26 2020
This week the median list price for Chicago, IL 60654 is $3,194,500 with the market action index hovering around 24. This is an increase over last month's market action index of 19. Inventory has held steady at or around 2.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
Real-Time Market Profile
| Median List Price | $3,194,500 | |
| Per Square Foot | $399 | |
| Days on Market | 371 | |
| Price Decreased | 100% | |
| Price Increased | 0% | |
| Relisted | 50% | |
| Inventory | 2 | |
| Median Rent | $3,800 | |
| Most Expensive | $3,900,000 | |
| Least Expensive | $2,489,000 | |
| Market Action | 24 | |
| Slight Buyer'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 |
| $3,194,500 | 7,884 | 0 - 4,500 sqft | 5 | 6 | 14 | 0 | 0 | 371 |
| $3,900,000 | 8,768 | 0 - 4,500 sqft | 5 | 7 | 16 | 0 | 0 | 644 |
| $2,489,000 | 7,000 | 0 - 4,500 sqft | 5 | 5 | 13 | 0 | 0 | 98 |