Chicago Real Estate Market Trends – Feb 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 February 2016 was the same as February 2015. The average selling price decreased by 0.27% to $799,444 and the average market time increased by 11 days or 10.6%. Homes sold for 95% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Feb 2016

109

$799,444

95%

114

Feb 2015

109

$801,618

97%

103


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in February 2016 decreased by 0.86% for the month when compared to February 2015. The average selling price increased 6.83% to $403,142 and the average market dropped 3 days or 3.0%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Feb 2016

690

$403,142

98%

97

Feb 2015

696

$377,358

98%

100


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in February 2016 remained the same when compared to February 2015. The average selling price increased 9.39% to $550,073 and the average market time increased by 56 days or 193.3%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Feb 2016

55

$550,073

96%

116

Feb 2015

55

$502,852

96%

60

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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