Chicago Real Estate Market Trends for March 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 March 2018 decreased by 18.92% compared to March 2017. The average selling price decreased by 2.87% to $851,534 and the average market time decreased by 7 days or 5.04%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Mar 2018

150

$851,534

97%

132

Mar 2017

185

$876,659

97%

139



Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in March 2018 decreased by 3.41% for the month when compared to March 2017. The average selling price increased 10.84% to $492,398 and the average market time rose 9 days or 11.69%. Homes sold for 99% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Mar 2018

1,188

$492,398

99%

86

Mar 2017

1,230

$444,249

99%

77


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in March 2018 dropped 17.89% when compared to March 2017. The average selling price increased 2.92% to $637,863 and the average market time decreased by 3 days or 4.00%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Mar 2018

78

$637,863

98%

72

Mar 2017

95

$619,779

97%

75



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Information courtesy of Chicago Realtor Karen Breen Elia.

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