Chicago Real Estate Market Trends – April 2016

Chicago Real Estate Market Trends for April 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 April 2016 increased by 5.78% compared to April 2015. The average selling price decreased by 0.41% to $884,974 and the average market time increased by 16 days or 18.8%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2016

183

$884,974

96%

101

April 2015

173

$888,683

97%

85


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in April 2016 increased by 12.9% for the month when compared to April 2015. The average selling price increased 2.93% to $387,286 and the average market time dropped 9 days or 11.8%. Homes sold for 99% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2016

1,228

$387,286

99%

67

April 2015

1,087

$376,240

99%

76


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in April 2016 increased by  19.5% when compared to April 2015. The average selling price decreased 30.0% to $511,697 and the average market time decreased by 23 days or 23.2%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2016

98

$511,697

97%

76

Feb 2015

82

$529,591

98%

99

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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