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 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. 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

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.

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. 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

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

Never miss important changes in the Chicago market.
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