Chicago Real Estate Market Trends-May 2017

Market TrendsNeighborhoods 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 May 2017 increased by 20.96% compared to May 2016. The average selling price increased by 8.37% to $964,462 and the average market time decreased by 1 day or 1.01 %. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

May 2017

202

$964,462

97%

98

May 2016

167

$890,003

97%

99


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in May 2017 increased by 2.57% for the month when compared to May 2016. The average selling price decreased 0.59% to $453,376 and the average market time decreased 10 days or 16.67%. Homes sold for 99% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

May 2017

1,319

$453,376

99%

50

May 2016

1,286

$456,072

99%

60


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in May 2017 increased 25.00% when compared to May 2016. The average selling price decreased 3.67% to $542,829 and the average market time increased by 5 days or 10.42%. Homes sold for 99% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

May 2017

100

$542,829

99%

53

May 2016

80

$564,491

99%

48


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  Send An Email

We know Chicago Real Estate!  Call us today!

 

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