Market Report
Chicago, IL 60622
Single-Family Homes
The Pareto Group I zak@paretogroup.realestate I (312) 883-8550
Chicago, IL 60622
Fri Mar 14 2025
This week the median list price for Chicago, IL 60622 is $1,537,500 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has increased to 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
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
| Median List Price | $1,537,500 | |
| Median Price of New Listings | $1,550,000 | |
| Per Square Foot | $467 | |
| Average Days on Market | 128 | |
| Median Days on Market | 81 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 33% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,999,000 | 6,710 | 0.25 - 0.5 acre | 5 | 5 | 140 | 1 | 0 | 154 |
| $1,749,000 | 3,800 | 0 - 4,500 sqft | 4 | 3.5 | 19 | 1 | 1 | 147 |
| $1,450,000 | 3,972 | 0 - 4,500 sqft | 4 | 3.5 | 19 | 0 | 0 | 21 |
| $899,000 | 2,518 | 0 - 4,500 sqft | 4 | 2.5 | 110 | 1 | 1 | 77 |