Real Estate In Chicago is a balanced market favoring buyers. There is significant amount of homes for sale in Chicago, and buyers are not in a rush to buy yet. There is a 6.17 months supply of inventory on the market in Chicago on April 30, 2019.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Chicago last month was 55 days. It took on average 49 days to sell Chicago Condo, Townhouse or a Duplex.
The number of home sales in Chicago from March 1, 2019 through March 31, 2019 was 1794 units. That is 1% above the number of homes sold last month in Chicago.
The average price per square foot in the area is now $206/Sq.Ft, which is 0% an increase from last month.
In Chicago there were 500 units sold in March in the price range between $8,000 – $194,628 with an average of 2.7 bedrooms and 1.4 bathrooms and average Square footage of 1,298SF.
In Chicago there were 1293 units sold in March in the price range between $194,629 – $5,827,824 with an average of 2.7 bedrooms and 2 bathrooms and average Square footage of 1,803SF.
In Chicago there were 1 units sold in March in the price range between $5,827,825 – $11,274,395 with an average of 4 bedrooms and 4.1 bathrooms and average Square footage of 7,085SF.
The low price range had the most activity. Homes up to $194,628 were on the market on average 64 days and sold an average of $120,522.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Chicago. Search all Chicago homes for Sale on propertyup.com If you are considering viewing Chicago, you may want to do so now!