Altos Market Data for Realtors

Chicago, IL

Single-Family Homes

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Chicago, IL

Tue Sep 21 2021
This week the median list price for Chicago, IL is $329,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has increased to 2,362. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Tue Sep 21 2021
This week the median list price for Chicago, IL is $329,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has increased to 2,362. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $329,000
Median Price of New Listings $325,000
Per Square Foot $207
Average Days on Market 85
Median Days on Market 49
Price Decreased 44%
Price Increased 3%
Relisted 24%
Inventory 2,362
Median Rent $1,950
Market Action 41
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$899,949 3,344 0 - 4,500 sqft 4 3 71 87 57 63
$399,000 1,741 0 - 4,500 sqft 4 2 83 98 79 42
$274,900 1,400 0 - 4,500 sqft 4 2 89 110 96 35
$145,000 1,200 0 - 4,500 sqft 3 1 100 80 85 56