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!