Chicago Real Estate Market Trends September 2017

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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 September 2017 decreased by 10.34% compared to September 2016. The average selling price increased by 12.05% to $966,563 and the average market time increased by 29 days or 35.37%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Sept 2017

130

$966,563

96%

111

Sept 2016

145

$862,638

97%

82


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in September 2017 decreased by 5.72% for the month when compared to September 2016. The average selling price increased 2.81% to $454,901 and the average market time dropped by 14 days or 21.21%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Sept 2017

1,054

$454,901

98%

52

Sept 2016

1,118

$442,452

98%

66


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in September 2017 dropped 14.29% when compared to September 2016. The average selling price increased 9.42% to $567,122 and the average market time decreased by 27 days or 33.33%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Sept 2017

78

$620,526

97%

54

Sept 2016

91

$567,122

97%

81


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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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