Chicago Real Estate Market Trends – December 2015

Chicago Real Estate Market Trends – December 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 December 2015 remained the same compared to December 2014. The average selling price increased by 2.53% to $927,924 and the average market time increased by 34 days or 45.9%. Homes sold for 94% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Dec 2015

164

$927,924

94%

108

Dec 2014

165

$905,018

96%

74


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in December 2015 increased by 1.93% for the month when compared to December 2014. The average selling price decreased 7,25% to $434,332 and the average market dropped 3 days or 3.37%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Dec 2015

947

$434,332

96%

86

Dec 2014

929

$468,304

94%

89


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in December 2015 increased by 10.9% for the month when compared to December 2014. The average selling price decreased 3.49% to $518,243 and the average market time increased by 9 days or 12.8%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Dec 2015

91

$518,243

96%

79

Dec 2014

82

$537,006

96%

70

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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