Archive for December, 2017

Chicago Real Estate Market Trends for November 2017

December 14, 2017

Chicago Market Tends

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 November 2017 decreased by 2.38% compared to November 2016. The average selling price increased by 2.51% to $843,774 and the average market time decreased by 16 days or 15.09%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2017

123

$843,774

96%

90

Nov 2016

201

$811,019

97%

106


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in November 2017 decreased by 1.61% for the month when compared to November 2016. The average selling price increased 6.96% to $461,386 and the average market time rose 9 days or 14.52%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2017

796

$461,386

98%

71

Nov 2016

809

$431,350

98%

62


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in November 2017 rose 26.23% when compared to November 2016. The average selling price increased 4.08% to $610,209 and the average market time decreased by 7 days or 5.47%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2017

77

$610,209

94%

82

Nov 2016

61

$586,285

98%

71


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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
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