Local Market Market Update Update –– January Local January 2024 2024
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 February 14, 2024 RESIDENTIAL ACTIVITY ONLY | Data current as of February 14, 2024
AVONDALE
-- 44.8% 44.8%
-- 20.0% 20.0%
-- 29.0% 29.0%
Local Update| October | January 2024 LocalMarket Market Update 2021
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
January January
Detached Single-Family Single-Family Detached
1-2023 1-2023 8 8 6 6 $667,500 $667,500 96.1% 96.1% 110 110 14 14
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
1-2024 1-2024 7 7 3 3 $750,000 $750,000 95.5% 95.5% 45 45 10 10
Year Year to to Date Date +/– +/– - 12.5% - 12.5% - 50.0% - 50.0% + 12.4% + 12.4% - 0.7% - 0.7% - 58.9% - 58.9% - 28.6% - 28.6%
1-2023 1-2023 8 8 6 6 $667,500 $667,500 96.1% 96.1% 110 110 ---
January January
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
1-2023 1-2023 21 21
1-2024 1-2024 99
44 $387,500 $387,500
55 $288,000 $288,000
97.4% 97.4% 66 66
95.8% 95.8% 66 66
17 17
12 12
1-2024 1-2024 7 7 3 3 $750,000 $750,000 95.5% 95.5% 45 45 ---
+/– +/– - 12.5% - 12.5% - 50.0% - 50.0% + 12.4% + 12.4% - 0.7% - 0.7% - 58.9% - 58.9% ---
Year Year to to Date Date ++ // –– -- 57.1% 57.1% ++ 25.0% 25.0% -- 25.7% 25.7% -- 1.7% 1.7%
1-2023 1-2023 21 21
1-2024 1-2024 99
44 $387,500 $387,500
55 $288,000 $288,000
97.4% 97.4% 66 66
95.8% 95.8% 66 66
---
---
++ 1.0% 1.0% -- 29.4% 29.4%
++ // –– -- 57.1% 57.1% ++ 25.0% 25.0% -- 25.7% 25.7% -- 1.7% 1.7% ++ 1.0% 1.0% ---
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
All All Avondale Avondale
+ 140% 140% + + 120% 120% +
bb aa
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
-- 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 February February 14, 14, 2024. 2024. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2024 2024ShowingTime. ShowingTime.