How's Chicago's Real Estate Market?

Chicago, IL 60605

Condos/Townhomes

312-961-6212



Chicago, IL 60605

Mon Dec 04 2023
This week the median list price for Chicago, IL 60605 is $399,700 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has decreased to 134. 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

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 60605

Mon Dec 04 2023
This week the median list price for Chicago, IL 60605 is $399,700 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has decreased to 134. 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

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 $399,700
Median Price of New Listings $330,000
Per Square Foot $325
Average Days on Market 118
Median Days on Market 77
Price Decreased 28%
Price Increased 0%
Relisted 30%
Inventory 134
Median Rent
Market Action 30
Slight Seller'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
$765,000 2,015 0 - 4,500 sqft 3 2.5 18 1 3 126
$465,000 1,352 0 - 4,500 sqft 2 2 23 1 1 70
$339,925 1,072 - 2 2 20 3 8 70
$257,500 885 - 1 1 109 2 3 70