How's Chicago's Real Estate Market?

Chicago, IL 60614

Single-Family Homes

312-961-6212


Chicago, IL 60614

Thu Mar 23 2023
This week the median list price for Chicago, IL 60614 is $2,700,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 44. 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 Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Chicago, IL 60614

Thu Mar 23 2023
This week the median list price for Chicago, IL 60614 is $2,700,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 44. 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 Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $2,700,000
Median Price of New Listings $2,550,000
Per Square Foot $553
Average Days on Market 128
Median Days on Market 49
Price Decreased 30%
Price Increased 2%
Relisted 25%
Inventory 44
Median Rent
Market Action 32
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$5,999,000 8,210 0 - 4,500 sqft 6 6 15 0 0 42
$3,450,000 6,250 0 - 4,500 sqft 6 5.5 33 4 0 21
$1,900,000 3,800 0 - 4,500 sqft 4 4.5 123 4 1 28
$1,295,000 3,100 0 - 4,500 sqft 4 3.5 135 0 2 161