Archive for December, 2018

Chicago Real Estate Market Trends for November 2018

December 30, 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 November 2018 decreased by 18.70% compared to November 2017. The average selling price increased by 13.05% to $954,516 and the average market time increased by 2 days or 2.22%. Homes sold for 96% of the listed price.

 

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2018

100

$954,516

96%

92

Nov 2017

123

$844,343

95%

90

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in November 2018 decreased by 4.98% for the month when compared to November 2017. The average selling price increased 2.75% to $463,028 and the average market time rose by 11 days or 15.28 %. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2018

763

$463,028

97%

83

Nov 2017

803

$476,103

98%

72

Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in November 2018 dropped 8.97% when compared to November 2017. The average selling price increased 10.02% to $669,374 and the average market time increased by 5 days or 7.81%. Homes sold for 95% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2018

71

$669,374

95%

69

Nov 2017

78

$608,411

97%

64

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.

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2951 North Lincoln Avenue
Chicago IL 60657
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