How's Chicago's Real Estate Market?

Chicago, IL 60614

Single-Family Homes

312-961-6212



Chicago, IL 60614

Mon Dec 11 2023
This week the median list price for Chicago, IL 60614 is $2,399,000 with the market action index hovering around 27. This is an increase over last month's market action index of 25. Inventory has decreased to 51. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Chicago, IL 60614

Mon Dec 11 2023
This week the median list price for Chicago, IL 60614 is $2,399,000 with the market action index hovering around 27. This is an increase over last month's market action index of 25. Inventory has decreased to 51. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $2,399,000
Median Price of New Listings $1,770,000
Per Square Foot $533
Average Days on Market 181
Median Days on Market 147
Price Decreased 39%
Price Increased 2%
Relisted 37%
Inventory 51
Median Rent
Market Action 27
Slight Buyer's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$5,099,500 7,528 0 - 4,500 sqft 5 6 14 0 0 252
$3,200,000 5,600 0 - 4,500 sqft 5 4.5 23 1 1 147
$1,845,000 3,895 0 - 4,500 sqft 4 3.5 133 0 1 126
$1,200,000 2,989 0 - 4,500 sqft 4 3.5 135 1 0 119