How's Chicago's Real Estate Market?
Chicago, IL 60614
Single-Family Homes
312-961-6212
Chicago, IL 60614
Tue Oct 22 2024
This week the median list price for Chicago, IL 60614 is $2,999,900 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has decreased to 55.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $2,999,900 | |
| Median Price of New Listings | $2,350,000 | |
| Per Square Foot | $580 | |
| Average Days on Market | 182 | |
| Median Days on Market | 161 | |
| Price Decreased | 36% | |
| Price Increased | 0% | |
| Relisted | 38% | |
| Inventory | 55 | |
| Median Rent | ||
| Market Action | 25 | |
| Slight Buyer's Advantage | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,950,000 | 7,800 | 0 - 4,500 sqft | 5 | 6 | 16 | 0 | 0 | 210 |
| $3,885,000 | 6,410 | 0 - 4,500 sqft | 5 | 6 | 18 | 0 | 0 | 206 |
| $2,485,000 | 5,000 | 0 - 4,500 sqft | 4 | 5.3 | 17 | 2 | 0 | 70 |
| $1,150,000 | 3,000 | 0 - 4,500 sqft | 4 | 3.5 | 133 | 1 | 3 | 157 |