Local Market Market Update Update –– December Local December 2023 2023
A Research Tool Provided by the Chicago Association of REALTORS® A Research Tool Provided by the Chicago Association of REALTORS® RESIDENTIAL ACTIVITY ONLY | Data current as of January 14, 2024 RESIDENTIAL ACTIVITY ONLY | Data current as of January 14, 2024
AVONDALE
+ + 36.4% 36.4%
-- 17.6% 17.6%
-- 14.3% 14.3%
Local Market December Local MarketUpdate Update || October 20212023
Change in Change in New Listings New Listings All Properties All Properties
Change in Change in Closed Sales Closed Sales All Properties All Properties
Change in Change in Inventory of Homes Inventory of Homes All Properties All Properties
Avondale
December December
Detached Single-Family Single-Family Detached
12-2022 12-2022 5 5 9 9 $549,900 $549,900 97.1% 97.1% 54 54 12 12
New Listings New Listings Closed Sales Closed Sales
Median Sales Sales Price* Price* Median Percent of of Original Original List List Price Price Received* Received* Percent Market Time Time Market Inventory of Homes Homes for for Sale Sale Inventory of
12-2023 12-2023 11 11 3 3 $450,000 $450,000 96.2% 96.2% 43 43 14 14
Year Year to to Date Date +/– +/– + 120.0% + 120.0% - 66.7% - 66.7% - 18.2% - 18.2% - 0.9% - 0.9% - 19.8% - 19.8% + 16.7% + 16.7%
12-2022 12-2022 201 201 111 111 $665,000 $665,000 98.6% 98.6% 37 37 ---
December December
Attached Single-Family Single-Family Attached
New Listings Listings New Closed Sales Sales Closed
Median Sales Sales Price* Price* Median Percent of Original List Price Price Received* Received* Percent of Original List Market Time Time Market Inventory of Homes Homes for for Sale Sale Inventory of
12-2022 12-2022 66
12-2023 12-2023 44
88 $342,750 $342,750
11 11 $450,000 $450,000
98.1% 98.1% 53 53
96.0% 96.0% 35 35
23 23
16 16
12-2023 12-2023 161 161 84 84 $602,500 $602,500 98.3% 98.3% 62 62 ---
+/– +/– - 19.9% - 19.9% - 24.3% - 24.3% - 9.4% - 9.4% - 0.3% - 0.3% + 66.4% + 66.4% ---
Year Year to to Date Date ++ // –– -- 33.3% 33.3% ++ 37.5% 37.5% ++ 31.3% 31.3% -- 2.1% 2.1%
12-2022 12-2022 273 273
12-2023 12-2023 221 221
172 172 $345,000 $345,000
143 143 $400,000 $400,000
99.0% 99.0% 46 46
99.7% 99.7% 38 38
---
---
-- 33.6% 33.6% -- 30.4% 30.4%
++ // –– -- 19.0% 19.0% -- 16.9% 16.9% ++ 15.9% 15.9% ++ 0.7% 0.7% -- 16.6% 16.6% ---
Does not not account account for for sale sale concessions concessions and/or and/or down ** Does down payment payment assistance. assistance. Note: Note: Activity Activity for for one one month month can can sometimes sometimes look look extreme extreme due due to to small small sample sample size. size.
Change in Median Sales Price from Prior Year (6-Month Average)†† Detached Single-Family
bb aa
All All Avondale Avondale
+ 140% 140% + + 120% 120% +
Attached Single-Family
All All Avondale Avondale
++ 100% 100%
bb aa
++ 80% 80%
+ 100% 100% +
++ 60% 60%
+ 80% 80% + ++ 40% 40%
+ 60% 60% +
++ 20% 20%
+ 40% 40% + + 20% 20% +
0% 0%
0% 0% -- 20% 20% - 20%
-- 40% 40%
- 40% - 60% 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
1-2023 1-2023
-- 60% 60% 1-2009 1-2009
1-2011 1-2011
1-2013 1-2013
1-2015 1-2015
1-2017 1-2017
1-2019 1-2019
1-2021 1-2021
1-2023 1-2023
† Each dot represents the change in median sales price from the prior year using aa 6-month 6-month weighted weighted average. average. This means that each of the 6 months used in a dot are proportioned according to to their their share share of of sales sales during during that that period. period. Current Current as as of of January January 14, 14, 2024. 2024. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2024 2024ShowingTime. ShowingTime.