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!

Chicago
Apr 1, 2019 – Apr 30, 2019
May 1, 2019 – May 31, 2019
Month
April
May
Average Listing Price
$540,794
$530,248
Median Sales Price
$415,491
$407,882
Month supply of inventory
6.8
7.2
Market Time Detached
45 days
37 days
Market Time Attached
36 days
34 days
Inventory
18595 properties
19416 properties
Low price range
$4,000 – $209,746
$6,900 – $207,391
Low price range market time
50 days
44 days
Low price range units sold
0
620
Low price range bedrooms
2.6
2.6
Low price range bathrooms
1.4
1.4
Low price range approx sqft
1,242 SF
1,259 SF
Mid price range
$209,747 – $3,439,014
$207,392 – $3,278,940
Mid price range market time
36 days
33 days
Mid price range units sold
1610
1877
Mid price range bedrooms
2.7
2.8
Mid price range bathrooms
2
2
Mid price range approx sqft
1,847 SF
1,852 SF
High price range
$3,439,015 – $6,462,538
$3,278,941 – $6,150,000
High price range market time
50 days
65 days
High price range units sold
12
6
High price range bedrooms
3.8
4.7
High price range bathrooms
3.9
5.1
High price range approxsqft
4,400 SF
5,699 SF