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 Dec 12 2025
This week the median list price for Chicago, IL 60654 is $5,248,000 with the market action index hovering around 24. This is an increase over last month's market action index of 23. 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.

Slight Buyer's Advantage

Market Narrative

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Chicago, IL 60654

Fri Dec 12 2025
This week the median list price for Chicago, IL 60654 is $5,248,000 with the market action index hovering around 24. This is an increase over last month's market action index of 23. 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.

Slight Buyer's Advantage

Market Narrative

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $5,248,000
Median Price of New Listings $0
Per Square Foot $627
Average Days on Market 322
Median Days on Market 322
Price Decreased 0%
Price Increased 0%
Relisted 50%
Inventory 2
Median Rent
Market Action 24
Slight Buyer's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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 0 448
$0 0 - NaN 0 NaN 0 0 NaN
$3,996,000 0 0 - 4,500 sqft 6 7.5 15 0 0 196
$0 0 - NaN 0 NaN 0 0 NaN