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!

Chicago
May 1, 2019 – May 31, 2019
Jun 1, 2019 – Jun 30, 2019
Month
May
June
Average Listing Price
$530,248
$526,659
Median Sales Price
$407,882
$421,193
Month supply of inventory
7.2
7.4
Market Time Detached
37 days
35 days
Market Time Attached
34 days
33 days
Inventory
19416 properties
19613 properties
Low price range
$6,900 – $207,391
$12,500 – $216,847
Low price range market time
44 days
43 days
Low price range units sold
0
646
Low price range bedrooms
2.6
2.5
Low price range bathrooms
1.4
1.4
Low price range approx sqft
1,259 SF
1,225 SF
Mid price range
$207,392 – $3,278,940
$216,848 – $3,385,596
Mid price range market time
33 days
31 days
Mid price range units sold
1877
1925
Mid price range bedrooms
2.8
2.8
Mid price range bathrooms
2
2
Mid price range approx sqft
1,852 SF
1,854 SF
High price range
$3,278,941 – $6,150,000
$3,385,597 – $6,350,000
High price range market time
65 days
14 days
High price range units sold
6
6
High price range bedrooms
4.7
3.7
High price range bathrooms
5.1
3.8
High price range approxsqft
5,699 SF
5,408 SF