Chicago Real Estate Market Trends for Nov 2014

November 2014 Real Estate Market Update

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in Nov 2014 decreased 1.5% for the month compared to Nov 2013. The average selling price decreased by 1.2% to $791,152 and the average market time increased by 8 days. Homes sold for 96% of the listed price.

Neighborhoods included in these statistics are: Avondale, Albany Park, Edgewater, Irving Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Near North Side, Near South Side, Near West Side, North Park, North Center, Rogers Park, Uptown, West Ridge, West Town.

Date

Sold Listings

Average Sold Price

SP:LP

Average Market Time

Nov 2014

128

$791,152

96%

81

Nov 2013

130

$801,316

97%

73

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in Nov 2014 decreased by 8.1% for the month when compared to Nov 2013. The average selling price increased 26.7% to $481,777 and the average market time increased by 12 days. Homes sold for 98% of the listed price.

Date

Sold Listings

Average Sold Price

SP:LP

Average Market Time

Nov 2014

731

$481,777

98%

80

Nov 2013

796

$380,044

97%

68

Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in Nov 2014 increased by 1.1% from Nov 2013. The average selling price increased 7.7% from Nov 2013 prices, and the average market time decreased by 37 days. Homes sold for 97% of the listed price.

Date

Sold Listings

Average Sold Price

SP:LP

Average Market Time

Nov 2014

89

$528,802

97%

68

Nov 2013

88

$490,796

98%

105

Curious about the value of your home? Get your home’s value here!

Information courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

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