Chicago Real Estate Market Trends – February 2015

Take a look at February’s real estate sales statistics.

February 2014 Real Estate Market Update

Chicago Real Estate Sales – Detached Single Homes

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.

The number of Chicago detached single homes selling in February 2015 increased 3.67% for the month compared to Feb 2014. The average selling price increased by 7.25% to $805,825 and the average market time increased by 11 days. Homes sold for 97% of the listed price.

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
Feb 2015	108	$805,825	97%	102
Feb 2014	79	$751,300	95%	113

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in Feb 2015 decreased by 11.3% for the month when compared to Feb 2014. The average selling price increased 3.89% to $375,297 and the average market time increased by 6 days. Homes sold for 98% of the listed price.

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
Feb 2015	686	$375,297	98%	100
Feb 2014	616	$390,495	97%	94

Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in Feb 2015 decreased by 20.2% from Feb 2014. The average selling price increased 18.6% from Feb 2014 prices, and the average market time decreased by 70 days. Homes sold for 96% of the listed price.

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
Feb 2015	55	$502,852	96%	60
Feb 2014	69	$423,973	97%	130

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.

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Tags: chicago home sales, chicago real estate, karen breen elia, market statistics, market trends