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 7.31 months supply of inventory on the market in Chicago on December 31, 1969.
Now is the Time to Buy! The average market time for a Single Family Homes to sell in Chicago last month was 34 days. It took on average 34 days to sell Chicago Condo, Townhouse or a Duplex.
The number of home sales in Chicago from July 1, 2019 through July 31, 2019 was 2340 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 $228/Sq.Ft, which is 1% a decline from last month.


In Chicago there were 676 units sold in July in the price range between $9,700 – $213,000 with an average of 2.5 bedrooms and 1.4 bathrooms and average Square footage of 1,183SF.

In Chicago there were 1657 units sold in July in the price range between $213,001 – $3,320,649 with an average of 2.9 bedrooms and 2.1 bathrooms and average Square footage of 1,889SF.

In Chicago there were 7 units sold in July in the price range between $3,320,650 – $6,225,000 with an average of 4 bedrooms and 4.2 bathrooms and average Square footage of 4,832SF.

The low price range had the most activity. Homes up to $213,000 were on the market on average 40 days and sold an average of $138,312.

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!

Chicago
Jun 1, 2019 – Jun 30, 2019
Jul 1, 2019 – Jul 31, 2019
Month
June
July
Average Listing Price
$526,659
$528,132
Median Sales Price
$421,193
$416,299
Month supply of inventory
7.4
7.3
Market Time Detached
35 days
34 days
Market Time Attached
33 days
34 days
Inventory
19613 properties
19412 properties
Low price range
$12,500 – $216,847
$9,700 – $213,000
Low price range market time
43 days
40 days
Low price range units sold
0
676
Low price range bedrooms
2.5
2.5
Low price range bathrooms
1.4
1.4
Low price range approx sqft
1,225 SF
1,183 SF
Mid price range
$216,848 – $3,385,596
$213,001 – $3,320,649
Mid price range market time
31 days
32 days
Mid price range units sold
1925
1657
Mid price range bedrooms
2.8
2.9
Mid price range bathrooms
2
2.1
Mid price range approx sqft
1,854 SF
1,889 SF
High price range
$3,385,597 – $6,350,000
$3,320,650 – $6,225,000
High price range market time
14 days
154 days
High price range units sold
6
7
High price range bedrooms
3.7
4
High price range bathrooms
3.8
4.2
High price range approxsqft
5,408 SF
4,832 SF