Chicago Real Estate Market Trends – April 2015

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

April 2015 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 April 2015 increased 21.2% for the month compared to April 2014. The average selling price increased by 18.2% to $899,907 and the average market time decreased by 4 days. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2015

177

$899,907

97%

87

April 2014

146

$761,245

98%

91


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in Feb 2015 increased by 8.24% for the month when compared to April 2014. The average selling price increased 3.73% to $410,237 and the average market time increased by 1 day. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2015

1,300

$410,237

98%

80

April 2014

1,201

$395,470

98%

79


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in April 2015 increased by 212.3% from April 2014. The average selling price increased 2.53% from April 2014 prices, and the average market time decreased by 35 days. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2015

82

$511,749

98%

102

April 2014

73

$499,118

99%

67

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

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