Tue May 26 2020
This week the median list price for Chicago, IL 60614 is $1,997,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 108.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$1,997,000|
|Per Square Foot||$450|
|Days on Market||187|
|Slight Buyer's Advantage|
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,250,000||6,800||0 - 4,500 sqft||6||7||7||1||1||218|
|$2,695,000||5,654||0 - 4,500 sqft||5||6||14||0||3||212|
|$1,750,000||4,200||0 - 4,500 sqft||5||5||26||1||3||219|
|$1,089,000||2,769||0 - 4,500 sqft||4||3||119||3||2||96|