I’ve recently had a couple of inquiries about average sale prices for condos in Chicago. Below is a chart showing average and median monthly prices for all Chicago condos for the past 25 months. The trend lines show that average condo prices are actually headed higher while median condo prices are still drifting lower.
Monthly Average and Median Chicago Condo Prices May 2008 to May 2010
Here are average sale prices by number of bedrooms for May 2010:
- Chicago studio average price = $117,000
- Chicago 1 bedroom condo average price = $215,000
- Chicago 2 bedroom condo average price = $300,000
- Chicago 3 bedroom condo & townhouse average price = $489,000
- Chicago 4+ bedroom condo & townhouse average price = $544,000
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
