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 6.85 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 45 days. It took on average 36 days to sell Chicago Condo, Townhouse or a Duplex.
The number of home sales in Chicago from April 1, 2019 through April 30, 2019 was 2221 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 $225/Sq.Ft, which is 10% an increase from last month.


In Chicago there were 599 units sold in April in the price range between $4,000 – $209,746 with an average of 2.6 bedrooms and 1.4 bathrooms and average Square footage of 1,242SF.

In Chicago there were 1610 units sold in April in the price range between $209,747 – $3,439,014 with an average of 2.7 bedrooms and 2 bathrooms and average Square footage of 1,847SF.

In Chicago there were 12 units sold in April in the price range between $3,439,015 – $6,462,538 with an average of 3.8 bedrooms and 3.9 bathrooms and average Square footage of 4,400SF.

The low price range had the most activity. Homes up to $209,746 were on the market on average 50 days and sold an average of $133,318.

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
Mar 1, 2019 – Mar 31, 2019
Apr 1, 2019 – Apr 30, 2019
Month
March
April
Average Listing Price
$542,708
$540,794
Median Sales Price
$381,255
$415,491
Month supply of inventory
6.2
6.8
Market Time Detached
55 days
45 days
Market Time Attached
49 days
36 days
Inventory
16984 properties
18595 properties
Low price range
$8,000 – $194,628
$4,000 – $209,746
Low price range market time
64 days
50 days
Low price range units sold
0
599
Low price range bedrooms
2.7
2.6
Low price range bathrooms
1.4
1.4
Low price range approx sqft
1,298 SF
1,242 SF
Mid price range
$194,629 – $5,827,824
$209,747 – $3,439,014
Mid price range market time
47 days
36 days
Mid price range units sold
1293
1610
Mid price range bedrooms
2.7
2.7
Mid price range bathrooms
2
2
Mid price range approx sqft
1,803 SF
1,847 SF
High price range
$5,827,825 – $11,274,395
$3,439,015 – $6,462,538
High price range market time
1 days
50 days
High price range units sold
1
12
High price range bedrooms
4
3.8
High price range bathrooms
4.1
3.9
High price range approxsqft
7,085 SF
4,400 SF