Market Update December 2021

Page 1

Local Market Market Update Update –– December December 2021 2021 Local

ResearchTool ToolProvided Provided bythe Chicago AssociationofofREALTORS® REALTORS® K L by O Pthe AChicago S AAResearch Association S T RONLY AT T O NData current as of January 14, 2022 RESIDENTIALACTIVITY ACTIVITY RESIDENTIAL ONLY | | Data current as of January 14, 2022

AVONDALE

Avondale Local Market Avondale Update | December 2021 Local Market Update | October 2021

29.2% -- 29.2%

8.0% ++ 8.0%

17.4% -- 17.4%

Changeinin Change NewListings Listings New AllProperties Properties All

Changeinin Change ClosedSales Sales Closed AllProperties Properties All

Changeinin Change Inventoryof ofHomes Homes Inventory AllProperties Properties All

December December

DetachedSingle-Family Single-Family Detached

NewListings Listings New Closed Sales Closed Sales

MedianSales SalesPrice* Price* Median Percent of Original ListPrice PriceReceived* Received* Percent of Original List

Yearto toDate Date Year

12-2020 12-2020 44

12-2021 12-2021 66

++/ /–– 50.0% ++50.0%

12-2020 12-2020 186 186

12-2021 12-2021 171 171

++/ /–– 8.1% - -8.1%

12 12 $632,705 $632,705 101.7% 101.7%

13 13 $545,000 $545,000 96.7% 96.7%

8.3% ++8.3% 13.9% - 13.9%

112 112 $583,500 $583,500 99.6% 99.6%

103 103 $505,000 $505,000 98.6% 98.6%

8.0% - -8.0% 13.5% - 13.5%

32 32 10 10

54 54 11 11

45 45 ----

44 44 ----

MarketTime Time Market InventoryofofHomes Homesfor forSale Sale Inventory

4.9% - -4.9% + 66.5% + 66.5% 10.0% ++10.0%

December December

AttachedSingle-Family Single-Family Attached

NewListings Listings New Closed Sales Closed Sales

MedianSales SalesPrice* Price* Median Percent of Original ListPrice PriceReceived* Received* Percent of Original List

12-2020 12-2020 20 20

12-2021 12-2021 11 11

13 13 $352,000 $352,000 96.8% 96.8%

14 14 $310,000 $310,000 96.2% 96.2%

39 39 36 36

48 48 27 27

MarketTime Time Market Inventory Homesfor forSale Sale Inventory ofofHomes

1.0% - -1.0% 2.2% - 2.2% ----

Yearto toDate Date Year ++/ /––

12-2020 12-2020 329 329

12-2021 12-2021 366 366

11.9% - -11.9% 0.6% - 0.6%

167 167 $365,000 $365,000 98.6% 98.6%

227 227 $390,000 $390,000 99.0% 99.0%

21.3% ++21.3% 25.0% - 25.0%

45 45 ----

38 38 ----

45.0% - -45.0% + 7.7% + 7.7%

++/ /–– 11.2% ++11.2% + 35.9% + 35.9% 6.8% ++6.8% + 0.3% + 0.3% 15.6% - -15.6% ----

* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size. * Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Changein inMedian MedianSales SalesPrice Price from from Prior Prior Year Year(6-Month (6-MonthAverage) Average)†† Change DetachedSingle-Family Single-Family Detached

All All Avondale Avondale

+ 140% + 140% + 120% + 120%

AttachedSingle-Family Single-Family Attached

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% - 20%

- 40% - 40%

- 40% - 40% - 60% - 60% 1-2009 1-2009

bb aa

1-2011 1-2011

1-2013 1-2013

1-2015 1-2015

1-2017 1-2017

1-2019 1-2019

1-2021 1-2021

- 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

Eachdot dotrepresents representsthe thechange changeininmedian mediansales salesprice pricefrom fromthe theprior prioryear yearusing usingaa6-month 6-monthweighted weightedaverage. average. ††Each Thismeans meansthat thateach eachofofthe the66months monthsused usedininaadot dotare areproportioned proportionedaccording accordingtototheir theirshare shareofofsales salesduring duringthat thatperiod. period. This Current as of January 14, 2022. All data from Midwest Real Estate Data. Report © 2022 ShowingTime. Current as of January 14, 2022. All data from Midwest Real Estate Data. Report © 2022 ShowingTime.


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Market Update December 2021 by KlopasStratton Team - Issuu