Altos Market Data for Realtors

Chicago, IL

Single-Family Homes

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Chicago, IL

Fri Jul 01 2022
This week the median list price for Chicago, IL is $315,000 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has increased to 2,051. 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.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Chicago, IL

Fri Jul 01 2022
This week the median list price for Chicago, IL is $315,000 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has increased to 2,051. 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.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $315,000
Median Price of New Listings $309,000
Per Square Foot $201
Average Days on Market 73
Median Days on Market 35
Price Decreased 43%
Price Increased 2%
Relisted 23%
Inventory 2,051
Median Rent
Market Action 49
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general 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
$949,950 3,300 0 - 4,500 sqft 4 3.5 74 66 47 35
$395,000 1,647 0 - 4,500 sqft 4 2 88 110 79 28
$259,900 1,400 0 - 4,500 sqft 4 2 93 97 66 42
$139,900 1,200 0 - 4,500 sqft 3 1.5 107 96 66 42