[willu]

I guess I should have specified that I'm thinking of 3+ bedroom homes. Here's what Zillow looks like for a wide drawing of north-side Chicago SFHs under $250k.

http://www.zillow.com/homes/for_sale/house_type/3-_beds/0-25...

This is dominated by auctions and homes in very rough west-side neighborhoods. Yes, there are a small handful of exceptions which are typically very old homes that have not been updated in decades, but to act like above $250k is "weird" or out of the norm is just not in line with reality.