Keeping Current Matters, one of the many real estate news services to which I subscribe, just published its recent real estate sales figures.

I wanted to dig deeper, though, to understand what’s happening in the north side Chicago real estate market.*

Here’s what I found…

Homes Sold

The number of homes closed in the last 12 months was over 12,000 – well above the low in 2011 of 7779.

Chicago Real Estate Sales

Market Time

Homes are selling quickly – on average, homes sold in 75 days this year.

Days on Market

 

Median Sales Price

The median sales price of homes sold this year was $376,000 – up 2.1% from 2008.

Median Sales Price

By Neighborhood

To better understand which neighborhoods are contributing to this increase, check out the map below.

Median Sales Prices are compared – numbers quoted are % gains – 2015 over 2012 (ending 5/31).

Chicago Real Estate Median Sales

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Chicago is a series of neighborhoods and micro-neighborhoods.

To find out what’s going on in your neighborhood,

and to get an updated value for your home,

contact

Anne Rossley

Baird & Warner

773-620-5333

Anne@Rossley.com

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Other facts worth noting:

Home Price Changes – Nationally by State

Year over Year Real Estate Prices

National Home Price Apprection

projected real estate appreciation

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