Chicago Real Estate Market

Hello my friends, today's topic is Chicago real estate news.

So there is the Chicago real estate market trends we will show you.

The median sale price for homes in Chicago over the last 12 months is $247,000.

The median mortgage debt is $129,988.




Additional Statistics for Single Family Homes and Condos in Chicago,IL:

$218,340 Median Listing Price

101 Median Days on Market

11565 Active Listings

23.8% Distressed Listings (Foreclosures and short sales)

Price Trends - Sold vs. Listed

The median list price in March for single family homes in Chicago is $159,900.    

The price per square foot for listings in this area is $131.

The median sale price in January for single-family homes is $108,750. 

The sale prices dropped by -26.27% from the previous month.

Market Inventory Trends

The number of active listings in Chicago dropped by 2.4% from the previous month.

The median number of days active properties have been listed is 94. 

This is significantly shorter than the national average.

The number of sales in January dropped by 97.7% from the previous month.

Property Ownership

The percent of owner occupied properties in Chicago is 20.75% below the national average.

The percent of rental properties in Chicago is 25.64% above the national average which is typical for urban areas.

Sources from:

http://www.realestate.com/local/market/IL/Chicago/