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 7.36 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 35 days. It took on average 33 days to sell Chicago Condo, Townhouse or a Duplex.
The number of home sales in Chicago from June 1, 2019 through June 30, 2019 was 2577 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 $230/Sq.Ft, which is 4% an increase from last month.
In Chicago there were 646 units sold in June in the price range between $12,500 – $216,847 with an average of 2.5 bedrooms and 1.4 bathrooms and average Square footage of 1,225SF.
In Chicago there were 1925 units sold in June in the price range between $216,848 – $3,385,596 with an average of 2.8 bedrooms and 2 bathrooms and average Square footage of 1,854SF.
In Chicago there were 6 units sold in June in the price range between $3,385,597 – $6,350,000 with an average of 3.7 bedrooms and 3.8 bathrooms and average Square footage of 5,408SF.
The low price range had the most activity. Homes up to $216,847 were on the market on average 43 days and sold an average of $142,455.
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!