Chicago Real Estate Market Trends – October 2015

chicago real estate

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 October 2015 increased 1.25% for the month compared to October 2014. The average selling price increased by 2.34% to $855,883 and the average market time decreased by 6 days or 7.79%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Oct 2015

162

$855,883

98%

71

Oct 2014

160

$836,264

97%

77


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in October 2015 decreased by 0.80% for the month when compared to October 2014. The average selling price decreased 0.01% to $403,733 and the average market time remained the same. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Oct 2015

991

$403,733

98%

71

Oct 2014

999

$404,305

98%

71


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in October 2015 increased by 1.89% for the month when compared to October 2014. The average selling price increased 11.9% to $543,856 and the average market time increased by 15 days or 24.5%. Homes sold for 95% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Oct 2015

113

$543,856

95%

76

Oct 2014

95

$485,598

96%

61

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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