Archive for February, 2018

Chicago Real Estate Market Trends for January 2018

February 19, 2018

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 January 2018 increased by 9.09% compared to January 2017. The average selling price increased by 14.97% to $1,069,775 and the average market time increased by 30 days or 25.42%. Homes sold for 95% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2018

108

$1,069,775

95%

148

Jan 2017

99

$930,508

94%

118


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in January 2018 decreased by 10.49% for the month when compared to January 2017. The average selling price increased 2.97% to $487,577 and the average market time dropped by 8 days or 8.33%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2018

589

$487,577

98%

88

Jan 2017

658

$473,526

98%

96


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in January 2018 jumped 13.73% when compared to January 2017. The average selling price increased 4.64% to $646,620 and the average market time dropped by 22 days or 24.72%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2018

58

$646,620

96%

67

Jan 2017

51

$617,962

96%

89


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Information courtesy of Chicago Realtor Karen Breen Elia.

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