Chicago 4 bedroom condos for sale at 2 year low

The inventory of listed Chicago 4 bedroom condos for sale continues to drop.* There were 352 condos with 4 or more bedrooms for sale in August down 23.8% from August 2011 when there were 462 such condos for sale.

The median sale price dropped 19.5% to $531,250. The number of closed sales was up 39.4%. Pending sales were up 82.1%. The average days on market for pending sales was down 33.6%.

Monthly Inventory of Chicago 4 Bedroom Condos For Sale August 2010 - August 2012

Monthly Inventory of Chicago 4 Bedroom Condos For Sale August 2010 - August 2012

As shown above the inventory of Chicago 4 bedroom condos for sale is at a 2 year low. Over 20% of the 4 bedroom condos for sale were downtown. Over 15% were in Lincoln Park.

CHICAGO 4 BEDROOM CONDOS FOR SALE

Click below to see the Chicago 4 bedroom condos for sale in your desired price range.

$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

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*Statistics include co-ops, lofts, apartments and townhouses. Information is based on data from Midwest Real Estate Data (MRED).

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ABOUT THE AUTHOR

Fran Bailey Fran Bailey is a Realtor who has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at fran.bailey@bairdwarner.com or call 773-793-4516. Learn More