Altos Market Data for Realtors

Chicago, IL

Single-Family Homes

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Chicago, IL

Tue May 28 2024
This week the median list price for Chicago, IL is $349,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 1,702. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Chicago, IL

Tue May 28 2024
This week the median list price for Chicago, IL is $349,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 1,702. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $349,000
Median Price of New Listings $339,450
Per Square Foot $213
Average Days on Market 98
Median Days on Market 49
Price Decreased 42%
Price Increased 3%
Relisted 23%
Inventory 1,702
Median Rent
Market Action 43
Slight Seller's Advantage

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,295,000 3,900 0 - 4,500 sqft 4 3.5 63 54 42 49
$450,000 1,973 0 - 4,500 sqft 3 2.5 97 97 65 35
$285,000 1,473 0 - 4,500 sqft 3 2 96 83 61 42
$152,000 1,240 0 - 4,500 sqft 3 2 106 76 64 63