Local Market Market Update Update –– October Local October 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 November 14, 2023 RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2023
AVONDALE
-- 17.0% 17.0%
-- 44.4% 44.4%
-- 11.5% 11.5%
Local Market | October 2023 Local Market Update Update | October 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
October October
Detached Single-Family Single-Family Detached
10-2022 10-2022 19 19 10 10 $482,000 $482,000 92.5% 92.5% 52 52 21 21
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
10-2023 10-2023 14 14 7 7 $605,000 $605,000 95.3% 95.3% 53 53 17 17
Year Year to to Date Date +/– +/– - 26.3% - 26.3% - 30.0% - 30.0% + 25.5% + 25.5% + 3.0% + 3.0% + 0.9% + 0.9% - 19.0% - 19.0%
10-2022 10-2022 187 187 96 96 $682,500 $682,500 98.7% 98.7% 37 37 ---
October October
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
10-2022 10-2022 28 28
10-2023 10-2023 25 25
17 17 $285,000 $285,000
88 $392,500 $392,500
97.4% 97.4% 55 55
100.3% 100.3% 12 12
40 40
37 37
10-2023 10-2023 137 137 75 75 $605,000 $605,000 98.5% 98.5% 62 62 ---
+/– +/– - 26.7% - 26.7% - 21.9% - 21.9% - 11.4% - 11.4% - 0.1% - 0.1% + 68.5% + 68.5% ---
Year Year to to Date Date ++ // –– -- 10.7% 10.7% -- 52.9% 52.9% ++ 37.7% 37.7% ++ 3.0% 3.0%
10-2022 10-2022 257 257
10-2023 10-2023 209 209
158 158 $345,000 $345,000
125 125 $405,000 $405,000
99.0% 99.0% 45 45
100.1% 100.1% 38 38
---
---
-- 78.1% 78.1% -- 7.5% 7.5%
++ // –– -- 18.7% 18.7% -- 20.9% 20.9% ++ 17.4% 17.4% ++ 1.1% 1.1% -- 17.4% 17.4% ---
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
bb aa
All All Avondale Avondale
++ 100% 100% ++ 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 November November 14, 14, 2023. 2023. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2023 2023ShowingTime. ShowingTime.