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 7.34 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 40 days. It took on average 40 days to sell Chicago Condo, Townhouse or a Duplex.
The number of home sales in Chicago from September 1, 2019 through September 30, 2019 was 1908 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 $214/Sq.Ft, which is 3% a decline from last month.


In Chicago there were 527 units sold in September in the price range between $6,100 – $199,172 with an average of 2.6 bedrooms and 1.4 bathrooms and average Square footage of 1,199SF.

In Chicago there were 1377 units sold in September in the price range between $199,173 – $3,671,121 with an average of 2.8 bedrooms and 2 bathrooms and average Square footage of 1,806SF.

In Chicago there were 4 units sold in September in the price range between $3,671,122 – $6,950,000 with an average of 5 bedrooms and 5.4 bathrooms and average Square footage of 6,584SF.

The low price range had the most activity. Homes up to $199,172 were on the market on average 49 days and sold an average of $131,743.

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
Aug 1, 2019 – Aug 31, 2019
Sep 1, 2019 – Sep 30, 2019
Month
August
September
Average Listing Price
$519,953
$525,257
Median Sales Price
$399,674
$392,243
Month supply of inventory
7.1
7.3
Market Time Detached
36 days
40 days
Market Time Attached
35 days
40 days
Inventory
18835 properties
19614 properties
Low price range
$6,000 – $202,837
$6,100 – $199,172
Low price range market time
43 days
49 days
Low price range units sold
0
527
Low price range bedrooms
2.6
2.6
Low price range bathrooms
1.4
1.4
Low price range approx sqft
1,249 SF
1,199 SF
Mid price range
$202,838 – $2,424,836
$199,173 – $3,671,121
Mid price range market time
33 days
37 days
Mid price range units sold
1615
1377
Mid price range bedrooms
2.8
2.8
Mid price range bathrooms
2
2
Mid price range approx sqft
1,778 SF
1,806 SF
High price range
$2,424,837 – $4,450,000
$3,671,122 – $6,950,000
High price range market time
33 days
33 days
High price range units sold
16
4
High price range bedrooms
3.6
5
High price range bathrooms
3.6
5.4
High price range approxsqft
3,229 SF
6,584 SF