Update on Chicago Home Sales
60618 Zip Code
As of today’s post, 160 single family homes are for sale in Chicago’s 60618 zip code. They range in price from $159,000 to $ 2,599,000.
The following chart shows median sales prices for the 60618 zip code area – it’s interactive- feel free to explore!
Prices – 87.8% of Jan 2009 Levels
As of this month, median sales prices of homes ($495,000) are 87.8% of the January, 2009 median price level of $ 565,000.
Market Times – Lowest in Over 5 Years
The average market time hit its peak in October, 2009, when it took 175 days to sell a house in 60618. Last month, the average market time of 54 days was the shortest in over 5 years!
Inventory – Extremely Low!
It’s a Sellers’ Market!
At the worst of the market (January, 2009), there was over a year’s worth of homes for sale. This has steadily declined, and since February, we’ve been hovering between 2.7 and 2.8 months of homes for sale.
Lenders consider 6 months a stable market, so you can see, we’re WELL BELOW that 6 months threshold!
Find homes for sale TODAY by selecting this link:
Homes for sale – Chicago’s 60618 zip code
To find out what your home’s worth,
Baird & Warner
Chicago parents are maneuvering now to make sure they’re in the right neighborhood school district before the August 1 CPS deadline.
Here’s a great Chicago real estate bargain – across the street from Audubon Elementary School…
This is a terrific starter home – priced under $700,000, it’s a on the smaller side, but what’s there is finished well. As you check out the pictures on my website (select this link), you’ll see that there are more pictures than necessary. Don’t let that put you off – it’s well worth making an appointment to see it in person.
One of the 3 bedrooms is on the first floor, and the home has 2 full baths. The basement offers a family room and laundry, and the 2nd level includes a HUGE master bedroom, 2nd bedroom, and den. The back yard is lush and landscaped! It was originally built in 1894, and there’s still lots of charm left after the recent rehab.
It’s not my listing – I’m posting this because I think that given today’s market, the home’s condition and location, and the timing (near school starting), I think this is a true…
Chicago Real Estate Bargain!
To find homes for sale in CPS Elementary School Districts,
go to Anne’s website by selecting this link
Anne Rossley, CRB, CRS, SRES
Baird & Warner