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!