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 7.24 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 37 days. It took on average 34 days to sell Chicago Condo, Townhouse or a Duplex.
The number of home sales in Chicago from May 1, 2019 through May 31, 2019 was 2503 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 $223/Sq.Ft, which is 1% a decline from last month.
In Chicago there were 620 units sold in May in the price range between $6,900 – $207,391 with an average of 2.6 bedrooms and 1.4 bathrooms and average Square footage of 1,259SF.
In Chicago there were 1877 units sold in May in the price range between $207,392 – $3,278,940 with an average of 2.8 bedrooms and 2 bathrooms and average Square footage of 1,852SF.
In Chicago there were 6 units sold in May in the price range between $3,278,941 – $6,150,000 with an average of 4.7 bedrooms and 5.1 bathrooms and average Square footage of 5,699SF.
The low price range had the most activity. Homes up to $207,391 were on the market on average 44 days and sold an average of $132,194.
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!