Chicago Real Estate Market Trends-Jan 2017

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Chicago Real Estate Market Trends for January 2017

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 January 2017 increased by 12.5% compared to January 2016. The average selling price decreased by 6.67% to $842,851 and the average market time decreased by 17 days or 12.59%. Homes sold for 94% of the listed price.

 

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2017

117

$842,851

94%

118

Jan 2016

104

$811,019

96%

135

 

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in January 2017 increased by 11.38% for the month when compared to January 2016. The average selling price increased 17.94% to $449,662 and the average market time dropped by 1 day or 1.04%. Homes sold for 98% of the listed price.

 

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2017

695

$449,662

98%

95

Jan 2016

624

$381,262

97%

96


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in January 2017 dropped 29.76% when compared to January 2016. The average selling price increased 12.81% to $594,787 and the average market time decreased by 4 days or 4.49%. Homes sold for 96% of the listed price.

 

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2017

59

$594,787

96%

85

Jan 2016

84

$527,256

97%

89


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
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467 
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We know Chicago Real Estate!  Call us today!

 

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