The number of listed Chicago 2 bedroom condos sold in August was up 36.6% from August 2011.* 702 such condos sold setting a 2 year high. The median sale price was up 3.2% at $258,000.
There were 3,740 Chicago 2 bedroom condos for sale in August down 42.2%. The inventory set a 2 year low.
Chicago 2 Bedroom Condo Sales August 2010 - August 2012
Pending sales were up 60.3%, so sales should continue to do well in September. Average days on market was down 28.4%.
The increase in units sold was mainly driven by normal sales which were up 45.2%. Distressed sales (foreclosures and short sales) were up 20.6%.
Rising prices, sales and pending sales along with falling inventory and days on market all indicate that the market for Chicago 2 bedroom condos is stabilizing.
CHICAGO 2 BEDROOM CONDOS FOR SALE
Click below to see Chicago 2 bedroom condos for sale by price range. You can narrow the results by internal and external features. Pending sales are excluded.
| $3M & Above | $2M to $3M | $1.5M to $2M | $1M to $1.5M |
| $900K to $1M | $800K to $900K | $700K to $800K | $600K to $700K |
| $500K to $600K | $400K to $500K | $300K to $400K | $200K to $300K |
* includes co-ops and townhouses
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ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale. Fran has been quoted in numerous Chicago and national publications. To schedule showings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
