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…
The number of homes closed in the last 12 months was over 12,000 – well above the low in 2011 of 7779.
Homes are selling quickly – on average, homes sold in 75 days this year.
Median Sales Price
The median sales price of homes sold this year was $376,000 – up 2.1% from 2008.
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 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,
Baird & Warner
Other facts worth noting:
Home Price Changes – Nationally by State
National Home Price Apprection