How's Chicago's Real Estate Market?
Chicago, IL 60614
Single-Family Homes
312-961-6212
Chicago, IL 60614
Fri Apr 26 2024
This week the median list price for Chicago, IL 60614 is $2,997,444 with the market action index hovering around 31. This is an increase over last month's market action index of 28. Inventory has held steady at or around 54.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $2,997,444 | |
| Median Price of New Listings | $2,129,000 | |
| Per Square Foot | $547 | |
| Average Days on Market | 133 | |
| Median Days on Market | 53 | |
| Price Decreased | 30% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 54 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $6,500,000 | 8,540 | 0 - 4,500 sqft | 6 | 6.5 | 16 | 1 | 0 | 126 |
| $3,595,000 | 6,405 | 0 - 4,500 sqft | 6 | 5.5 | 18 | 0 | 4 | 56 |
| $2,574,500 | 5,474 | 0 - 4,500 sqft | 5 | 5.5 | 32 | 0 | 1 | 42 |
| $1,697,500 | 3,105 | 0 - 4,500 sqft | 4 | 3.5 | 133 | 2 | 4 | 31 |