Altos Market Data for Realtors

Chicago, IL

Single-Family Homes

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Chicago, IL

Thu Jan 20 2022
This week the median list price for Chicago, IL is $285,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has decreased to 1,596. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Chicago, IL

Thu Jan 20 2022
This week the median list price for Chicago, IL is $285,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has decreased to 1,596. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $285,000
Median Price of New Listings $299,000
Per Square Foot $185
Average Days on Market 109
Median Days on Market 70
Price Decreased 39%
Price Increased 3%
Relisted 22%
Inventory 1,596
Median Rent $1,750
Market Action 42
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$739,000 3,000 0 - 4,500 sqft 4 3.5 72 58 51 91
$339,000 1,628 0 - 4,500 sqft 4 2 90 53 55 70
$239,000 1,317 0 - 4,500 sqft 4 2 95 60 58 56
$135,000 1,187 0 - 4,500 sqft 3 1.5 107 50 61 70