Chicago Real Estate Market Trends – Jan 2016

Chicago Real Estate Market Trends - Jan 2016

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 January 2016 was 18.8% higher than in January 2015. The average selling price increased by 13.4% to $843,534 and the average market time increased by 49 days or 55.0%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2016

101

$843,534

97%

138

Jan 2015

85

$743,768

96%

89


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in January 2016 increased by 18.7% for the month when compared to January 2015. The average selling price decreased 18.6% to $344,356 and the average market dropped 1 day or 10.9%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2016

488

$344,356

98%

90

Jan 2015

479

$350,885

98%

91


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in January 2016 increased by 13.8% for the month when compared to January 2015. The average selling price increased 3.66% to $526,396 and the average market time decreased by 10 days or 12.6%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2016

82

$526,396

97%

89

Jan 2015

72

$412,527

97%

79

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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