How's Chicago's Real Estate Market?

Chicago, IL 60611

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Chicago, IL 60611

Tue Oct 19 2021
This week the median list price for Chicago, IL 60611 is $259,900 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 7. 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 Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Chicago, IL 60611

Tue Oct 19 2021
This week the median list price for Chicago, IL 60611 is $259,900 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 7. 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 Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $259,900
Median Price of New Listings $0
Per Square Foot $331
Average Days on Market 109
Median Days on Market 105
Price Decreased 29%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent $2,751
Market Action 38
Slight Seller'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
$4,500,000 4,232 - 3 4 108 0 0 105
$879,000 1,993 - 2 2 95 0 0 115
$252,450 763 - 1 1 70 0 1 115
$181,250 765 - 1 1 70 0 0 98