Local Market Market Update Update –– November Local November 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 December 14, 2023 RESIDENTIAL ACTIVITY ONLY | Data current as of December 14, 2023
AVONDALE
0.0% 0.0%
0.0% 0.0%
-- 15.2% 15.2%
Local Market November 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
November November
Detached Single-Family Single-Family Detached
11-2022 11-2022 9 9 6 6 $690,000 $690,000 99.9% 99.9% 26 26 16 16
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
11-2023 11-2023 12 12 5 5 $885,000 $885,000 96.3% 96.3% 55 55 16 16
Year Year to to Date Date +/– +/– + 33.3% + 33.3% - 16.7% - 16.7% + 28.3% + 28.3% - 3.6% - 3.6% + 114.5% + 114.5% 0.0% 0.0%
11-2022 11-2022 196 196 102 102 $682,500 $682,500 98.7% 98.7% 36 36 ---
November November
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
11-2022 11-2022 10 10
11-2023 11-2023 77
66 $387,500 $387,500
77 $268,000 $268,000
99.6% 99.6% 43 43
98.7% 98.7% 53 53
30 30
23 23
11-2023 11-2023 150 150 80 80 $620,000 $620,000 98.4% 98.4% 61 61 ---
+/– +/– - 23.5% - 23.5% - 21.6% - 21.6% - 9.2% - 9.2% - 0.4% - 0.4% + 70.4% + 70.4% ---
Year Year to to Date Date ++ // –– -- 30.0% 30.0% ++ 16.7% 16.7% -- 30.8% 30.8% -- 0.8% 0.8%
11-2022 11-2022 267 267
11-2023 11-2023 216 216
164 164 $345,000 $345,000
132 132 $400,000 $400,000
99.0% 99.0% 45 45
100.0% 100.0% 38 38
---
---
++ 23.7% 23.7% -- 23.3% 23.3%
++ // –– -- 19.1% 19.1% -- 19.5% 19.5% ++ 15.9% 15.9% ++ 1.0% 1.0% -- 15.5% 15.5% ---
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 December December 14, 14, 2023. 2023. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2023 2023ShowingTime. ShowingTime.