How's Chicago's Real Estate Market?

Chicago, IL 60614

Single-Family Homes

312-961-6212



Chicago, IL 60614

Sun Jul 14 2024
This week the median list price for Chicago, IL 60614 is $2,947,450 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has decreased to 60. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Chicago, IL 60614

Sun Jul 14 2024
This week the median list price for Chicago, IL 60614 is $2,947,450 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has decreased to 60. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $2,947,450
Median Price of New Listings $1,450,000
Per Square Foot $595
Average Days on Market 138
Median Days on Market 81
Price Decreased 45%
Price Increased 0%
Relisted 28%
Inventory 60
Median Rent
Market Action 29
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
$5,994,400 8,380 0 - 4,500 sqft 5 6.5 16 0 1 168
$3,695,000 5,830 0 - 4,500 sqft 6 6 9 0 1 91
$2,194,999 4,850 0 - 4,500 sqft 5 5 124 1 2 56
$1,399,000 3,000 0 - 4,500 sqft 4 3 124 2 3 84