Co-Ops
Thu Mar 28 2024
This week the median list price for Chicago, IL 60611 is $437,499 with the market action index hovering around 23. This is about the same as last month's market action index of 23. Inventory has increased to 36.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Median List Price | $437,499 | |
Median Price of New Listings | $399,000 | |
Per Square Foot | $304 | |
Average Days on Market | 44 | |
Median Days on Market | 56 | |
Price Decreased | 17% | |
Price Increased | 3% | |
Relisted | 11% | |
Inventory | 36 | |
Median Rent | ||
Market Action | 23 | |
Slight Buyer's Advantage |
While this week the median price in this zip code didn’t fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,599,000 | 3,800 | - | 4 | 4 | 101 | 0 | 0 | 56 |
$749,000 | 2,350 | - | 3 | 3 | 98 | 0 | 1 | 56 |
$335,000 | 1,100 | - | 1 | 1 | 73 | 1 | 1 | 56 |
$195,000 | 785 | - | 1 | 1 | 73 | 0 | 0 | 56 |