Archive for September, 2018

Chicago Real Estate Market Trends for August 2018

September 26, 2018

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 August 2018 decreased by 4.73% compared to August 2017. The average selling price increased by 15.53% to $1,037,723 and the average market time decreased by 11 days or 10.89%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average Sold Price

SP:LP

Average Market Time

Aug 2018

177

$1,037,723

96%

90

Aug 2017

169

$898,234

97%

101

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in August 2018 decreased by 10.63% for the month when compared to August 2017. The average selling price increased 9.66% to $488,857 and the average market time increased 8 days or 17.02%. Homes sold for 99% of the listed price.

Date

Sold Listings

Average Sold Price

SP:LP

Average Market Time

Aug 2018

1,219

$488,857

99%

55

Aug 2017

1,364

$445,780

98%

47

Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in August 2018 decreased 28.16% when compared to August 2017. The average selling price increased 3.27% to $680,939 and the average market time decreased by 14 days or 21.21%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average Sold Price

SP:LP

Average Market Time

Aug 2018

74

$680,939

97%

52

Aug 2017

103

$659,386

96%

66

Curious about the value of your home? Get your home’s value here!

Information courtesy of Chicago Realtor Karen Breen Elia.

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