Chicago Real Estate Market Trends-March 2017

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Chicago Real Estate Market Trends for March 2017

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 March 2017 increased by 14.38% compared to March 2016. The average selling price decreased by 1.88% to $872,961 and the average market time increased by 28 days or 25.45 %. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

March 2017

183

$872,961

97%

138

March 2016

160

$889,681

95%

110


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in March 2017 increased by 17.84% for the month when compared to March 2016. The average selling price increased 8.35% to $443,650 and the average market time decreased 15 days or 16.48%. Homes sold for 99% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

March 2017

1,222

$443,650

99%

76

March 2016

1,037

$409,449

98%

91

Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in March 2017 increased 25.33% when compared to March 2016. The average selling price increased 14.76% to $615,681 and the average market time decreased by 31 days or 28.977%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

March 2017

94

$615,681

97%

76

March 2016

75

$536,490

97%

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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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Chicago IL 60657
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