Altos Market Data for Realtors

Chicago, IL

Single-Family Homes

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Chicago, IL

Thu Jun 08 2023
This week the median list price for Chicago, IL is $289,900 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has increased to 1,729. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Chicago, IL

Thu Jun 08 2023
This week the median list price for Chicago, IL is $289,900 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has increased to 1,729. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $289,900
Median Price of New Listings $299,000
Per Square Foot $190
Average Days on Market 106
Median Days on Market 49
Price Decreased 41%
Price Increased 2%
Relisted 23%
Inventory 1,729
Median Rent
Market Action 42
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
$1,150,000 3,473 0 - 4,500 sqft 5 3.5 30 51 45 42
$368,000 1,600 0 - 4,500 sqft 4 2 80 68 72 38
$240,000 1,320 0 - 4,500 sqft 4 2 96 57 66 56
$114,900 1,201 0 - 4,500 sqft 3 1.5 105 52 36 63