Chicago Real Estate Market Trends for April 2018

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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 April 2018 decreased by 2.73% compared to April 2017. The average selling price increased by 5.20% to $985,061 and the average market time decreased by 22 days or 18.03%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Apr 2018

178

$985,061

97%

100

Apr 2017

183

$936,413

97%

122


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in April 2018 decreased by 2.77% for the month when compared to April 2017. The average selling price increased 8.93% to $485,985 and the average market time rose 6 days or 9.38%. Homes sold for 99% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Apr 2018

1,335

$485,985

99%

70

Apr 2017

1,373

$446,140

99%

64


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in April 2018 dropped 8.64% when compared to April 2017. The average selling price increased 10.16% to $670,764 and the average market time decreased by 18 days or 25.35%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Apr 2018

74

$670,764

97%

53

Apr 2017

81

$608,925

96%

71


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Information courtesy of Chicago Realtor Karen Breen Elia.

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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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Chicago IL 60657
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