How's Chicago's Real Estate Market?

Chicago, IL 60614

Single-Family Homes

312-961-6212



Chicago, IL 60614

Fri Oct 30 2020
This week the median list price for Chicago, IL 60614 is $1,995,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 138. 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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Chicago, IL 60614

Fri Oct 30 2020
This week the median list price for Chicago, IL 60614 is $1,995,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 138. 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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $1,995,000
Per Square Foot $453
Days on Market 164
Price Decreased 50%
Price Increased 1%
Relisted 41%
Inventory 138
Median Rent $1,800
Most Expensive $18,000,000
Least Expensive $599,000
Market Action 26
Slight Buyer's Advantage

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$3,872,500 6,750 0 - 4,500 sqft 6 7 12 1 2 232
$2,497,500 5,437 0 - 4,500 sqft 5 5 26 2 4 134
$1,775,000 4,200 0 - 4,500 sqft 5 5 32 0 5 174
$1,275,000 3,300 0 - 4,500 sqft 4 4 122 3 7 117