How's Chicago's Real Estate Market?

Chicago, IL 60605

Condos/Townhomes

312-961-6212



Chicago, IL 60605

Mon Jun 24 2024
This week the median list price for Chicago, IL 60605 is $419,500 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 142. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Chicago, IL 60605

Mon Jun 24 2024
This week the median list price for Chicago, IL 60605 is $419,500 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 142. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $419,500
Median Price of New Listings $420,000
Per Square Foot $343
Average Days on Market 78
Median Days on Market 49
Price Decreased 24%
Price Increased 0%
Relisted 24%
Inventory 142
Median Rent
Market Action 37
Slight Seller'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.

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
$899,888 1,976 0 - 4,500 sqft 3 2.5 18 2 3 84
$465,000 1,357 0 - 4,500 sqft 2 2 21 5 0 28
$377,000 1,200 0 - 4,500 sqft 2 2 19 4 3 49
$247,500 854 - 1 1 43 4 7 42