Chicago Real Estate Market Trends for February 2019

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 February 2019 increased by 13.75% compared to February 2018. The average selling price increased by 6.05% to $915,918 and the average market time decreased by 33 days or 19.41%. Homes sold for 95% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Feb 2019

91

$971,348

95%

137

Feb 2018

80

$915,918

96%

170

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in February 2019 decreased by 9.01% for the month when compared to February 2018. The average selling price decreased 6.28% to $455,132 and the average market time rose by 12 days or 12.12%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Feb 2019

646

$455,132

98%

111

Feb 2018

710

$485,617

98%

99

Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in February 2019 dropped 7.27% when compared to February 2018. The average selling price increased 3.83% to $643,723 and the average market time increased by 38 days or 48.10%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Feb 2019

51

$619,074

96%

117

Feb 2018

55

$643,723

96%

79

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

We know Chicago Real Estate!  Call us today!

 

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