How's Chicago's Real Estate Market?

Chicago, IL 60605

Condos/Townhomes

312-961-6212



Chicago, IL 60605

Fri Oct 30 2020
This week the median list price for Chicago, IL 60605 is $385,000 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has held steady at or around 468. 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 Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Chicago, IL 60605

Fri Oct 30 2020
This week the median list price for Chicago, IL 60605 is $385,000 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has held steady at or around 468. 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 Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Chicago market.
Median List Price $385,000
Per Square Foot $318
Days on Market 125
Price Decreased 34%
Price Increased 1%
Relisted 24%
Inventory 468
Median Rent $2,000
Most Expensive $8,500,000
Least Expensive $132,000
Market Action 29
Slight Buyer's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$939,000 2,105 0 - 4,500 sqft 3 3 15 5 5 226
$465,000 1,386 0 - 4,500 sqft 2 2 17 10 7 85
$329,900 1,160 0.25 - 0.5 acre 2 2 17 10 9 97
$235,000 900 0.25 - 0.5 acre 1 1 99 10 14 89