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!