Chicago Real Estate Market Trends – Sept 2016

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Chicago Real Estate Market Trends for September 2016

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.

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in September 2016 decreased by 16.91% compared to September 2015. The average selling price in decreased by 2.74% to $788,783 and the average market time decreased by 1 day or 1.20%. Homes sold for 94% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Sept 2016

167

$788,783

94%

82

Sept 2015

201

$811,019

97%

83


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in September 2016 increased by 23.29% for the month when compared to September 2015. The average selling price increased 4.08% to $430,638 and the average market time rose 3 days or 4.61%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Sept 2016

1,192

$430,638

98%

68

Sept 2015

1,154

$413,719

98%

65


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in September 2016 dropped 7.47% when compared to September 2015. The average selling price increased 15.98% to $555,591 and the average market time increased by 4 days or 5.47%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Sept 2016

99

$555,591

97%

77

Sept 2015

107

$479,033

98%

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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