Chicago Real Estate Market Trends – July 2015

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

Chicago Real Estate Market Trends – July 2015

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 July 2015 increased 11.4% for the month compared to July 2014. The average selling price increased by 10.i% to $897,698 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

July 2015

253

$897,698

97%

63

July 2014

227

$815,185

97%

52


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in July 2015 increased by 13.8% for the month when compared to July 2014. The average selling price increased 0.8% to $407,141 and the average market time increased by 8 days. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

July 2015

1,559

$407,141

98%

62

July 2014

1,369

$403,839

98%

54


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in July 2015 increased by 3.5% from July 2014. The average selling price increased 18.1% from July 2014 prices, and the average market time increased by 12 days. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

July 2015

117

$573,160

97%

60

July 2014

113

$485,108

99%

42

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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