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 7.07 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 36 days. It took on average 35 days to sell Chicago Condo, Townhouse or a Duplex.
The number of home sales in Chicago from August 1, 2019 through August 31, 2019 was 2242 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 $219/Sq.Ft, which is 4% a decline from last month.


In Chicago there were 611 units sold in August in the price range between $6,000 – $202,837 with an average of 2.6 bedrooms and 1.4 bathrooms and average Square footage of 1,249SF.

In Chicago there were 1615 units sold in August in the price range between $202,838 – $2,424,836 with an average of 2.8 bedrooms and 2 bathrooms and average Square footage of 1,778SF.

In Chicago there were 16 units sold in August in the price range between $2,424,837 – $4,450,000 with an average of 3.6 bedrooms and 3.6 bathrooms and average Square footage of 3,229SF.

The low price range had the most activity. Homes up to $202,837 were on the market on average 43 days and sold an average of $134,704.

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
Jul 1, 2019 – Jul 31, 2019
Aug 1, 2019 – Aug 31, 2019
Month
July
August
Average Listing Price
$528,132
$519,953
Median Sales Price
$416,299
$399,674
Month supply of inventory
7.3
7.1
Market Time Detached
34 days
36 days
Market Time Attached
34 days
35 days
Inventory
19412 properties
18835 properties
Low price range
$9,700 – $213,000
$6,000 – $202,837
Low price range market time
40 days
43 days
Low price range units sold
0
611
Low price range bedrooms
2.5
2.6
Low price range bathrooms
1.4
1.4
Low price range approx sqft
1,183 SF
1,249 SF
Mid price range
$213,001 – $3,320,649
$202,838 – $2,424,836
Mid price range market time
32 days
33 days
Mid price range units sold
1657
1615
Mid price range bedrooms
2.9
2.8
Mid price range bathrooms
2.1
2
Mid price range approx sqft
1,889 SF
1,778 SF
High price range
$3,320,650 – $6,225,000
$2,424,837 – $4,450,000
High price range market time
154 days
33 days
High price range units sold
7
16
High price range bedrooms
4
3.6
High price range bathrooms
4.2
3.6
High price range approxsqft
4,832 SF
3,229 SF