Chicago Real Estate Market Trends – November 2015

Chicago Real Estate Market Trends – November 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 November 2015 remained the same compared to November 2014. The average selling price decreased by 3.0% to $742,219 and the average market time decreased by 13 days or 15.8%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2015

127

$742,219

96%

69

Nov 2014

127

$765,797

96%

82


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in November 2015 increased by 1.89% for the month when compared to November 2014. The average selling price decreased 3.62% to $397,166 and the average market dropped 6 days or 7.5%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2015

753

$397,166

97%

74

Nov 2014

739

$412,088

98%

80


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in November 2015 increased by 9.80% for the month when compared to November 2014. The average selling price increased 4.10% to $526,023 and the average market time increased by 2 days or 2.73%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2015

100

$526,023

97%

75

Nov 2014

91

$505,293

97%

73

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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