Market Report
Chicago, IL 60618
Condos/Townhomes
The Pareto Group I zak@paretogroup.realestate I (312) 883-8550
Chicago, IL 60618
Thu Mar 13 2025
This week the median list price for Chicago, IL 60618 is $344,500 with the market action index hovering around 63. This is an increase over last month's market action index of 56. Inventory has increased to 28.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $344,500 | |
| Median Price of New Listings | $344,500 | |
| Per Square Foot | $303 | |
| Average Days on Market | 62 | |
| Median Days on Market | 11 | |
| Price Decreased | 14% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 28 | |
| Median Rent | ||
| Market Action | 63 | |
| Strong Seller's Market | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
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 |
|---|---|---|---|---|---|---|---|---|
| $715,000 | 2,400 | - | 3 | 2 | 13 | 2 | 2 | 21 |
| $400,000 | 1,201 | - | 2 | 2 | 20 | 4 | 1 | 0 |
| $285,000 | 940 | - | 2 | 1 | 100 | 3 | 1 | 14 |
| $214,900 | 725 | - | 1 | 1 | 58 | 3 | 0 | 7 |