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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$1,995,000|
|Per Square Foot||$453|
|Days on Market||164|
|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.
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|