November 2017 | 4th Quarter | Chicago Real Estate Market Statistics

November 2017 | Chicago Market Statistics | 4th Quarter

Data provided by MRED

#1 Trusted Company

FEATURED COMMUNITYÂ BUCKTOWN

PAGE 4

GOLD COAST

PAGE 6

GOOSE ISLAND

PAGE 8

LAKE SHORE EAST

PAGE 10

LAKEVIEW

PAGE 12

LINCOLN PARK

PAGE 14

OLD TOWN

PAGE 16

RIVER NORTH

PAGE 18

RIVER WEST

PAGE 20

ROSCOE VILLAGE

PAGE 22

SOUTH LOOP

PAGE 24

STREETERVILLE

PAGE 26

THE LOOP

PAGE 28

WICKER PARK

PAGE 30

WEST LOOP

PAGE 32

WEST TOWN

PAGE 34

DATA PROVIDED BY MRED

2

Bucktown

OCTOBER 2017 MARKET STATISTIC BUCKTOWN AVERAGE SALES PRICE

$585,622

4.9%

AVERAGE MARKET TIME

50 DAYS

2.0%

HOMES FOR SALE

32 UNITS

45.5%

CONDOS FOR SALE

36 UNITS

28.6%

# CLOSED SALES

288 UNITS

4.6% CONDO CORNER

2.8

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

195

$461,296

Oct 2016

197

$431,786

Oct 2015

187

$421,619 4

Gold Coast

OCTOBER 2017 MARKET STATISTIC GOLD COAST AVERAGE SALES PRICE

$632,148

10.8%

AVERAGE MARKET TIME

105 DAYS

1.9%

HOMES FOR SALE

28 UNITS

16.7%

CONDOS FOR SALE

214 UNITS

1.4%

# CLOSED SALES

513 UNITS

3.0% CONDO CORNER

5.6

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

491

$562,103

Oct 2016

473

$655,914

Oct 2015

466

$514,794 6

Goose Island

OCTOBER 2017 MARKET STATISTIC GOOSE ISLAND AVERAGE SALES PRICE

$480,745

4.1%

AVERAGE MARKET TIME

55 DAYS

0.0%

HOMES FOR SALE

1 UNITS

0.0%

CONDOS FOR SALE

34 UNITS

13.3%

# CLOSED SALES

169 UNITS

29.0% CONDO CORNER

2.7

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

124

$425,582

Oct 2016

95

$412,365

Oct 2015

115

$428,288 8

Lake Shore East

OCTOBER 2017 MARKET STATISTIC LAKE SHORE EAST AVERAGE SALES PRICE

$700,303

13.5%

AVERAGE MARKET TIME

81 DAYS

2.5%

HOMES FOR SALE

0 UNITS

CONDOS FOR SALE

111 UNITS

38.8%

# CLOSED SALES

184 UNITS

5.2% CONDO CORNER

5.2

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

184

$700,303

Oct 2016

194

$616,934

Oct 2015

192

$733,163 10

Lakeview

OCTOBER 2017 MARKET STATISTIC LAKEVIEW AVERAGE SALES PRICE

$472,133

4.0%

AVERAGE MARKET TIME

60 DAYS

7.7%

HOMES FOR SALE

94 UNITS

3.3%

CONDOS FOR SALE

432 UNITS

6.1%

# CLOSED SALES

2,229 UNITS

2.5%

CONDO CORNER

2.9

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

1,950

$391,067

Oct 2016

1,919

$376,216

Oct 2015

1,930

$357,220 12

Lincoln Park

OCTOBER 2017 MARKET STATISTIC LINCOLN PARK AVERAGE SALES PRICE

$728,988

2.4%

AVERAGE MARKET TIME

75 DAYS

8.7%

HOMES FOR SALE

149 UNITS

20.2%

CONDOS FOR SALE

304 UNITS

4.1%

# CLOSED SALES

1,498 UNITS

1.6%

CONDO CORNER

3.6

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

1,093

$539,023

Oct 2016

1,054

$485,968

Oct 2015

1,061

$476,127 14

Old Town

OCTOBER 2017 MARKET STATISTIC OLD TOWN AVERAGE SALES PRICE

$602,973

4.0%

AVERAGE MARKET TIME

56 DAYS

17.6%

HOMES FOR SALE

40 UNITS

37.9%

CONDOS FOR SALE

109 UNITS

0.0%

# CLOSED SALES

566 UNITS

4.4% CONDO CORNER

3.3

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

460

$438,377

Oct 2016

427

$406,228

Oct 2015

407

$370,115 16

River North

OCTOBER 2017 MARKET STATISTIC RIVER NORTH AVERAGE SALES PRICE

$566,743

8.0%

AVERAGE MARKET TIME

61 DAYS

14.1%

HOMES FOR SALE

1 UNITS

50.0%

CONDOS FOR SALE

344 UNITS

31.3%

# CLOSED SALES

940 UNITS

2.3% CONDO CORNER

4.4

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

931

$559,406

Oct 2016

904

$514,117

Oct 2015

901

$564,024 18

River West

OCTOBER 2017 MARKET STATISTIC RIVER WEST AVERAGE SALES PRICE

$419,845

0.5%

AVERAGE MARKET TIME

39 DAYS

8.3%

HOMES FOR SALE

0 UNITS

0.0%

CONDOS FOR SALE

10 UNITS

25.0%

# CLOSED SALES

61 UNITS

15.1% CONDO CORNER

1.8

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

55

$400,100

Oct 2016

44

$382,471

Oct 2015

45

$345,921 20

Roscoe Village

OCTOBER 2017 MARKET STATISTIC ROSCOE VILLAGE AVERAGE SALES PRICE

$633,807

2.1%

AVERAGE MARKET TIME

72 DAYS

41.2

HOMES FOR SALE

33 UNITS

0.0%

CONDOS FOR SALE

28 UNITS

6.7%

# CLOSED SALES

241 UNITS

10.4% CONDO CORNER

2.8

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

166

$424,249

Oct 2016

195

$419,487

Oct 2015

165

$399,985 22

South Loop

OCTOBER 2017 MARKET STATISTIC SOUTH LOOP

5.8%

AVERAGE SALES PRICE

$400,007

AVERAGE MARKET TIME

57 DAYS

20.8%

HOMES FOR SALE

1 UNITS

0.0%

CONDOS FOR SALE

215 UNITS

0.5%

# CLOSED SALES

989 UNITS

3.8% CONDO CORNER

2.6

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

903

$379,875

Oct 2016

966

$366,252

Oct 2015

896

$375,739 24

Streeterville

OCTOBER 2017 MARKET STATISTIC STREETERVILLE AVERAGE SALES PRICE

$552,564

5.8%

AVERAGE MARKET TIME

98 DAYS

12.5%

HOMES FOR SALE

0 UNITS

0.0%

CONDOS FOR SALE

306 UNITS

4.4%

# CLOSED SALES

630 UNITS

1.6% CONDO CORNER

5.6

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

625

$549,282

Oct 2016

634

$579,593

Oct 2015

638

$591,030 26

The Loop

OCTOBER 2017 MARKET STATISTIC THE LOOP AVERAGE SALES PRICE

$465,705

1.0%

AVERAGE MARKET TIME

86 DAYS

10.4%

HOMES FOR SALE

0 UNITS

0.0%

CONDOS FOR SALE

118 UNITS

15.7%

# CLOSED SALES

346 UNITS

1.2% CONDO CORNER

4.1

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

345

$465,605

Oct 2016

338

$451,232

Oct 2015

326

$500,395 28

Wicker Park

OCTOBER 2017 MARKET STATISTIC WICKER PARK AVERAGE SALES PRICE

$608,807

6.0%

AVERAGE MARKET TIME

45 DAYS

4.3

HOMES FOR SALE

31 UNITS

6.9%

CONDOS FOR SALE

56 UNITS

8.2%

# CLOSED SALES

486 UNITS

13.6% CONDO CORNER

2.3

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

375

$481,842

Oct 2016

347

$466,253

Oct 2015

408

$468,432 30

West Loop

OCTOBER 2017 MARKET STATISTIC WEST LOOP AVERAGE SALES PRICE

$488,327

7.6%

AVERAGE MARKET TIME

38 DAYS

18.8%

HOMES FOR SALE

2 UNITS

0.0%

CONDOS FOR SALE

159 UNITS

25.2%

# CLOSED SALES

887 UNITS

2.8% CONDO CORNER

2.0

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

858

$468,964

Oct 2016

824

$435,111

Oct 2015

907

$412,123 32

West Town

OCTOBER 2017 MARKET STATISTIC WEST TOWN AVERAGE SALES PRICE

$534,936

5.7%

AVERAGE MARKET TIME

48 DAYS

0.0%

HOMES FOR SALE

89 UNITS

8.5%

CONDOS FOR SALE

290 UNITS

14.4%

# CLOSED SALES

1,830 UNITS

5.5%

CONDO CORNER

2.5

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Oct 2017

1,509

$459,940

Oct 2016

1,439

$439,196

Oct 2015

1,452

$420,401 34

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