Update on Chicago Home Sales

60618 Zip Code

chicago 60618 Zip code map

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,

contact

Anne Rossley

Baird & Warner

773-620-5333

Anne Rossley

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