Chicago Real Estate Market Trends for February 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 Center, Uptown, West Town.

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in February 2017 increased by 7.14% compared to February 2016. The average selling price increased by 2.81% to $881,726 and the average market time increased by 38 days or 30.89%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Feb 2017

90

$881,726

97%

161

Feb 2016

84

$857,653

95%

123

 

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in February 2017 increased by 23.14% for the month when compared to Feburary 2016. The average selling price increased 8.29% to $461,124 and the average market time dropped 1 or 1.05%. Homes sold for 98% of the listed price.

 

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Feb 2017

697

$461,124

98%

95

Feb 2016

566

$425,816

98%

95


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in February 2017 increased 42.11% when compared to February 2016. The average selling price increased 13.81% to $600,826 and the average market time decreased by 39 days or 34.51%. Homes sold for 97% of the listed price.

 

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Feb 2017

54

$600,826

97%

74

Feb 2016

38

$527,908

96%

113


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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