Chicago Real Estate Market Trends for January  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 January  2019 decreased by 22.72% compared to January  2018. The average selling price decreased by 19.30% to $863,547 and the average market time increased by 11 days or 7.53%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2019

85

$863,547

96%

157

Jan 2018

110

$1,070,051

95%

146


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in January  2019 decreased by 11.95% for the month when compared to January  2018. The average selling price decreased 1.32% to $481,597 and the average market time rose by 11 days or 12.5%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2019

523

$481,597

97%

99

Jan 2018

594

$488,029

98%

88


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in January  2019 dropped 22.95% when compared to January  2018. The average selling price increased 1.74% to $640,931 and the average market time increased by 26 days or 37.14%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Jan 2019

47

$640,931

96%

96

Jan 2018

61

$629,984

96%

70


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Information courtesy of Chicago Realtor Karen Breen Elia.

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