The median sale price of Chicago houses in the third quarter was the highest since third quarter 2008. It was also the first time since then that the median sale price rose above $200,000.* The median sale price was $204,000, rising 13.3% from a year ago when it was $180,000. Back in third quarter 2008 […]
The median sale price of listed houses in Chicago in the second quarter was up 9.8%.* The median sale price was $185,500. The average sale price as a percent of original sale price for homes with no price changes was 97.7% up from 97.0%. The average sale price as a percent of original sale price […]
The number of listed houses for sale in the 1st quarter was down 15.1% from 1st quarter 2013.* There were 7,637 Chicago houses for sale compared with 8,997 a year earlier. The percent of distressed sales (short sales and foreclosures) dropped from 42% of the inventory to 34%. In February I wrote about how the […]
The number of listed houses for sale in the 4th quarter was down 11.5% from 4th quarter 2012.* There were 8,123 Chicago houses for sale compared with 9,182 a year earlier. The percent of distressed sales (short sales and foreclosures) dropped from 43% of the inventory to 35%. In October I wrote about how the […]
Here are 4 bedroom houses for sale in Chicago by price range & areas where 4 bedroom houses are frequently found. Schedule a showing online! Roughly 27% of the houses for sale in Chicago have 4 bedrooms. Currently, the area of Chicago that has the most 4 bedroom houses for sale is Roseland. There are […]
The median sale price of listed houses in Chicago in the third quarter was up 20.0%.* The median sale price was $180,000. Back in July I wrote about how the median sale price of Chicago houses was up 12.7% in the second quarter. As shown below, the increase for the third quarter was the largest […]
Prices of houses for sale in downtown Chicago depend a lot on which downtown neighborhood they are located.
The number of listed houses for sale in Chicago IL in the 2nd quarter was down 14.4% from 2nd quarter 2012. There were 9,163 houses for sale in Chicago compared with 10,699 a year earlier. Distressed sales (short sales and foreclosures) dropped from 40% to 32% of the inventory for sale.
Prices of houses for sale in Chicago’s Gold Coast typically start at $1,000,000. In 2012 the median sale price was $2,575,000. In 2011 and 2010 it was $3,750,000 and $2,472,500.
The number of listed houses for sale in Chicago IL in the 1st quarter was down 16.1% from 1st quarter 2012. There were 8,655 houses for sale in Chicago compared with 10,313 a year earlier.
The number of listed houses for sale in Chicago IL in the 4th quarter was down 13% from 4th quarter 2011. There were 8,962 houses for sale in Chicago compared with 10,303 a year earlier. Distressed sales (short sales and foreclosures) remained the same at 40% of the inventory for sale.
The number of Chicago homes for sale with an elevator is increasing. There are currently over 30 for sale. In 2012 34 such homes sold. In 2011 only 16 sold.
Roughly 14% of the houses for sale in Chicago have 5 bedrooms or more. Currently, the 2 areas of Chicago that have the most 5 bedroom houses for sale are Lincoln Park and Lakeview.
The inventory of listed Chicago houses for sale continues to drop. There were 5,790 houses for sale in Chicago in November down 24.8% from November 2011 when there were 7,697 such condos for sale.
List prices for houses in Lincoln Park that are in move-in condition typically start above $800,000. Around half are priced between $1,000,000 and $2,000,000.
List prices for houses in downtown Chicago currently start above $1,000,000. Most are priced between $1,000,000 and $4,000,000. There are currently 42 downtown Chicago houses for sale.
Fran Bailey, Realtor