Chicago Real Estate Market Trends for 2018

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 May 2018 decreased by 11.74% compared to May 2017. The average selling price decreased by 0.14% to $971,629 and the average market time decreased by 20 days or 19.23 %. Homes sold for 97% of the listed price.

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
May 2018	203	$971,629	97%	84
May 2017	230	$972,976	97%	104

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in May 2018 decreased by 5.45% for the month when compared to May 2017. The average selling price increased 8.62% to $475,785 and the average market time increased 11 days or 22.45%. Homes sold for 99% of the listed price.

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
May 2018	1,509	$475,785	99%	60
May 2017	1,596	$438,022	99%	49

Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in May 2018 decreased 14.91% when compared to May 2017. The average selling price increased 6.65% to $619,672 and the average market time increased by 9 days or 17.31%. Homes sold for 98% of the listed price.

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
May 2018	97	$619.672	98%	61
May 2017	114	$581,060	98%	52

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

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Chicago Home for Sale: 30 E Huron Street, Unit 1304

Chicago Home for Sale
30 E Huron Street, Unit 1304, Chicago, IL 60611

2 bedrooms | 1 bath | 900 square feet | Gold Coast
MLS# 09988753

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30 East Huron Street

Walker’s Paradise

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Welcome to Wonderful! Beautiful 2 bedroom corner condo in best Cathedral District location. Move in ready with new kitchen that has been opened to living room with breakfast bar, granite counter tops, white cabinetry, stone back splash and pantry. Wood floors, and stunning corner city views. Popcorn ceilings removed, in unit laundry. Large bedroom with three closets! Marble bath has large dressing vanity. Full amenity luxury building w/outdoor pool, sundeck, exercise rm, party rm, theater, business center, 24 hour door staff, cleaners/valet, on site management and engineer. High speed internet and cable included. Hallways were just redone, so the common areas are as nice as the unit. Great investor building. No rental cap and short term rentals (minimum 31 days) are allowed. Deeded garage parking space is an additional $20,000. Pet friendly building. Excellent Gold Coast location. Walk to grocery, shopping, restaurants, Northwestern Medical, red line el & lake. Don’t miss this one!

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!

 

Chicago Condo for Sale: 565 W Quincy Street, Unit 1602

Chicago Home for Sale
565 W Quincy Street, Unit 1602, Chicago, IL 60661

1 Bedroom | 1.5 baths | 735 square feet | West Loop
MLS# 09970773

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565 West Quincy Street

Walker’s Paradise

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West Loop Wonderful! Beautiful 1 bedroom, 1.5 bath condo in the near West Loop! High floor with bright open city views. Unit has been freshly painted and has new bedroom carpet. FHA approved building. Hardwood floors, cherry cabinets, granite counter tops, stainless steel appliances, large breakfast bar. Spacious master bedroom with double walk in closets. Huge master bath with separate shower, soaking tub, and double sink vanity. Powder room and balcony. Storage locker and heated garage space included. 1400 sqft Q Room with pool tables, foosball, darts, bowling alley, putting green, theater, fitness center, bar and lounge. 24 hour doorman and on site management and engineer. Perfect West Loop location. Walk to Union Station, Ogilvie, shopping, restaurants, green line el and blue line el. Don’t miss this one!

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!