August 2018 | Chicago Real Estate Market Data | 3rd Quarter | Crystal Tran Team

August 2018 | Chicago Real Estate Market Statistics | 3rd Quarter

Data provided by MRED

#1 Trusted Company

FEATURED COMMUNITYÂ BUCKTOWN

PAGE 4

GOLD COAST

PAGE 6

GOOSE ISLAND

PAGE 8

LAKESHORE EAST

PAGE 10

LAKEVIEW

PAGE 12

LINCOLN PARK

PAGE 14

LOOP

PAGE 16

OLD TOWN

PAGE 18

RIVER NORTH

PAGE 20

RIVER WEST

PAGE 22

ROSCOE VILLAGE

PAGE 24

SOUTH LOOP

PAGE 26

STREETERVILLE

PAGE 28

WEST LOOP

PAGE 30

WEST TOWN

PAGE 32

WICKER PARK

PAGE 34

DATA PROVIDED BY MRED

2

Bucktown

AUGUST 2018 MARKET STATISTIC BUCKTOWN

15.2%

AVERAGE SALES PRICE

$674,246

AVERAGE MARKET TIME

62 DAYS

HOMES FOR SALE

105 UNITS

16.7%

CONDOS FOR SALE

47 UNITS

38.2%

# CLOSED SALES

356 UNITS

10.2%

17%

CONDO CORNER

3.7

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

194

$469,758

AUG 2017

199

$431,786

AUG 2016

199

$436,105 4

Gold Coast

AUGUST 2018 MARKET STATISTIC GOLD COAST AVERAGE SALES PRICE

$635,201

1.5%

AVERAGE MARKET TIME

122 DAYS

3.4%

HOMES FOR SALE

257 UNITS

5.3%

CONDOS FOR SALE

230 UNITS

7.0%

# CLOSED SALES

483 UNITS

7.8% CONDO CORNER

6.3

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

451

$542,827

AUG 2017

497

$577,440

AUG 2016

477

$649,456 6

Goose Island

AUGUST 2018 MARKET STATISTIC GOOSE ISLAND AVERAGE SALES PRICE

$528,788

10.4%

AVERAGE MARKET TIME

69 DAYS

30.2%

HOMES FOR SALE

50 UNITS

31.6%

CONDOS FOR SALE

43 UNITS

26.5%

# CLOSED SALES

168 UNITS

0.6% CONDO CORNER

3.6

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

123

$422,617

AUG 2017

96

$426,634

AUG 2016

98

$414,849 8

Lakeshore East

AUGUST 2018 MARKET STATISTIC LAKESHORE EAST AVERAGE SALES PRICE

$717,754

7.3%

AVERAGE MARKET TIME

106 DAYS

17.8%

HOMES FOR SALE

134 UNITS

24.1%

CONDOS FOR SALE

134 UNITS

24.7%

# CLOSED SALES

149 UNITS

19.5% CONDO CORNER

8.0

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

148

$707,401

AUG 2017

185

$669,134

AUG 2016

200

$630,222 10

Lakeview

AUGUST 2018 MARKET STATISTIC LAKEVIEW AVERAGE SALES PRICE

$495,790

2.0%

AVERAGE MARKET TIME

65 DAYS

1.5%

HOMES FOR SALE

625 UNITS

3.1%

CONDOS FOR SALE

462 UNITS

6.0%

# CLOSED SALES

2,294 UNITS

0.8% CONDO CORNER

3.8

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

1,908

$395,918

AUG 2017

1,931

$385,584

AUG 2016

1,941

$375,814 12

Lincoln Park

AUGUST 2018 MARKET STATISTIC LINCOLN PARK AVERAGE SALES PRICE

$780,982

5.0%

AVERAGE MARKET TIME

78 DAYS

4.0%

HOMES FOR SALE

522 UNITS

1.4%

CONDOS FOR SALE

335 UNITS

8.1%

# CLOSED SALES

1,511 UNITS

4.7% CONDO CORNER

4.0

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

1,066

$562,598

AUG 2017

1,107

$539,525

AUG 2016

1,039

$483,703 14

Loop

AUGUST 2018 MARKET STATISTIC LOOP AVERAGE SALES PRICE

$435,395

7.9%

AVERAGE MARKET TIME

86 DAYS

17.3%

HOMES FOR SALE

130 UNITS

3.2%

CONDOS FOR SALE

123 UNITS

6.0%

# CLOSED SALES

298 UNITS

16.8% CONDO CORNER

8.6

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

295

$435,450

AUG 2017

355

$473,290

AUG 2016

343

$451,538 16

Old Town

AUGUST 2018 MARKET STATISTIC OLD TOWN AVERAGE SALES PRICE

$652,189

5.9%

AVERAGE MARKET TIME

67 DAYS

8.1%

HOMES FOR SALE

202 UNITS

24.7%

CONDOS FOR SALE

148 UNITS

35.8%

# CLOSED SALES

581 UNITS

0.2% CONDO CORNER

4.2

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

437

$427,520

AUG 2017

461

$443,304

AUG 2016

428

$400,536 18

River North

AUGUST 2018 MARKET STATISTIC RIVER NORTH

8.2%

AVERAGE SALES PRICE

$603,504

AVERAGE MARKET TIME

76 DAYS

HOMES FOR SALE

383 UNITS

11%

CONDOS FOR SALE

375 UNITS

10.6%

# CLOSED SALES

927 UNITS

7.9%

28.8%

CONDO CORNER

4.7

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

948

$594,753

AUG 2017

886

$546,132

AUG 2016

927

$525,890 20

River West

AUGUST 2018 MARKET STATISTIC RIVER WEST

$513,707

23.7%

AVERAGE MARKET TIME

49 DAYS

19.5%

HOMES FOR SALE

14 UNITS

7.7%

CONDOS FOR SALE

12 UNITS

9.1%

# CLOSED SALES

58 UNITS

21.6%

AVERAGE SALES PRICE

CONDO CORNER

2.9

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

52

$447,013

AUG 2017

62

$388,698

AUG 2016

34

$374,606 22

Roscoe Village

AUGUST 2018 MARKET STATISTIC ROSCOE VILLAGE

5.9%

AVERAGE SALES PRICE

$643,214

AVERAGE MARKET TIME

72 DAYS

2.9

HOMES FOR SALE

80 UNITS

6.7%

CONDOS FOR SALE

30 UNITS

3.4%

# CLOSED SALES

257 UNITS

14% CONDO CORNER

3.6

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

157

$460,194

AUG 2017

178

$433,857

AUG 2016

186

$406,981 24

South Loop

AUGUST 2018 MARKET STATISTIC SOUTH LOOP AVERAGE SALES PRICE

$414,281

5.1%

AVERAGE MARKET TIME

67 DAYS

15.5%

HOMES FOR SALE

253 UNITS

12.4%

CONDOS FOR SALE

236 UNITS

11.3%

# CLOSED SALES

918 UNITS

7.4% CONDO CORNER

3.2

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

842

$383,538

AUG 2017

933

$376,347

AUG 2016

976

$363,065 26

Streeterville

AUGUST 2018 MARKET STATISTIC STREETERVILLE AVERAGE SALES PRICE

$621,663

10.1%

AVERAGE MARKET TIME

120 DAYS

15.4%

HOMES FOR SALE

354 UNITS

17.2%

CONDOS FOR SALE

353 UNITS

17.3%

# CLOSED SALES

628 UNITS

6.1% CONDO CORNER

6.7

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

617

$612,607

AUG 2017

665

$560,452

AUG 2016

611

$575,476 28

West Loop

AUGUST 2018 MARKET STATISTIC WEST LOOP

15.4%

AVERAGE SALES PRICE

$564,439

AVERAGE MARKET TIME

48 DAYS

20%

HOMES FOR SALE

203 UNITS

6.3%

CONDOS FOR SALE

185 UNITS

8.2%

# CLOSED SALES

937 UNITS

2.7% CONDO CORNER

2.7

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

884

$542,816

AUG 2017

865

$458,038

830

$443,880

AUG 2016

30

West Town

AUGUST 2018 MARKET STATISTIC WEST TOWN AVERAGE SALES PRICE

6.2%

$571,576

AVERAGE MARKET TIME

61 DAYS

19.6%

HOMES FOR SALE

543 UNITS

12.2%

CONDOS FOR SALE

329 UNITS

17.1%

# CLOSED SALES

1,949 UNITS

6.2% CONDO CORNER

3.3

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

1,447

$481,551

AUG 2017

1,547

$454,851

AUG 2016

1,439

$438,186 32

Wicker Park

AUGUST 2018 MARKET STATISTIC WICKER PARK

3.5%

AVERAGE SALES PRICE

$636,976

AVERAGE MARKET TIME

62 DAYS

31.9

HOMES FOR SALE

132 UNITS

10%

CONDOS FOR SALE

78 UNITS

25.8%

# CLOSED SALES

493 UNITS

11.3% CONDO CORNER

3.1

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

AUG 2018

352

$498,835

AUG 2017

402

$482,282

AUG 2016

349

$461,019 34

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This data was provided by Midwest Real Estate Data, LLC and includes properties listed and sold by various participants in the MLS. Data supplied by MLS does not reflect all market activity in the area.