Altos Market Data for Realtors

Chicago, IL

Single-Family Homes

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Chicago, IL

Wed Oct 20 2021
This week the median list price for Chicago, IL is $325,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 2,415. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Wed Oct 20 2021
This week the median list price for Chicago, IL is $325,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 2,415. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $325,000
Median Price of New Listings $289,450
Per Square Foot $203
Average Days on Market 87
Median Days on Market 49
Price Decreased 45%
Price Increased 3%
Relisted 26%
Inventory 2,415
Median Rent $1,850
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$875,000 3,300 0 - 4,500 sqft 4 3 70 51 56 70
$395,000 1,755 0 - 4,500 sqft 4 2 83 78 73 49
$269,000 1,375 0 - 4,500 sqft 4 2 80 100 103 42
$140,000 1,200 0 - 4,500 sqft 3 1 103 87 71 49