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!