How's Chicago's Real Estate Market?

Chicago, IL 60611

Co-Ops

312-961-6212



Chicago, IL 60611

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. 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

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Chicago, IL 60611

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. 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

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes in the Chicago market.
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.

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
$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