How's Chicago's Real Estate Market?

Chicago, IL 60605

Condos/Townhomes

312-961-6212



Chicago, IL 60605

Sat Apr 13 2024
This week the median list price for Chicago, IL 60605 is $418,250 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has increased to 126. 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 60605

Sat Apr 13 2024
This week the median list price for Chicago, IL 60605 is $418,250 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has increased to 126. 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 $418,250
Median Price of New Listings $322,450
Per Square Foot $343
Average Days on Market 81
Median Days on Market 35
Price Decreased 15%
Price Increased 0%
Relisted 19%
Inventory 126
Median Rent
Market Action 39
Slight Seller's Advantage

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
$985,000 2,170 0 - 4,500 sqft 3 2.5 18 1 4 42
$475,000 1,430 0 - 4,500 sqft 2 2 21 3 6 21
$354,950 1,227 - 2 2 21 5 4 28
$267,450 890 - 1 1 40 5 6 45