August 2018 | Chicago Real Estate Market Statistics | 3rd Quarter
Data provided by MRED
#1 Trusted Company
FEATURED COMMUNITYÂ BUCKTOWN
PAGE 4
GOLD COAST
PAGE 6
GOOSE ISLAND
PAGE 8
LAKESHORE EAST
PAGE 10
LAKEVIEW
PAGE 12
LINCOLN PARK
PAGE 14
LOOP
PAGE 16
OLD TOWN
PAGE 18
RIVER NORTH
PAGE 20
RIVER WEST
PAGE 22
ROSCOE VILLAGE
PAGE 24
SOUTH LOOP
PAGE 26
STREETERVILLE
PAGE 28
WEST LOOP
PAGE 30
WEST TOWN
PAGE 32
WICKER PARK
PAGE 34
DATA PROVIDED BY MRED
2
Bucktown
AUGUST 2018 MARKET STATISTIC BUCKTOWN
15.2%
AVERAGE SALES PRICE
$674,246
AVERAGE MARKET TIME
62 DAYS
HOMES FOR SALE
105 UNITS
16.7%
CONDOS FOR SALE
47 UNITS
38.2%
# CLOSED SALES
356 UNITS
10.2%
17%
CONDO CORNER
3.7
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
194
$469,758
AUG 2017
199
$431,786
AUG 2016
199
$436,105 4
Gold Coast
AUGUST 2018 MARKET STATISTIC GOLD COAST AVERAGE SALES PRICE
$635,201
1.5%
AVERAGE MARKET TIME
122 DAYS
3.4%
HOMES FOR SALE
257 UNITS
5.3%
CONDOS FOR SALE
230 UNITS
7.0%
# CLOSED SALES
483 UNITS
7.8% CONDO CORNER
6.3
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
451
$542,827
AUG 2017
497
$577,440
AUG 2016
477
$649,456 6
Goose Island
AUGUST 2018 MARKET STATISTIC GOOSE ISLAND AVERAGE SALES PRICE
$528,788
10.4%
AVERAGE MARKET TIME
69 DAYS
30.2%
HOMES FOR SALE
50 UNITS
31.6%
CONDOS FOR SALE
43 UNITS
26.5%
# CLOSED SALES
168 UNITS
0.6% CONDO CORNER
3.6
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
123
$422,617
AUG 2017
96
$426,634
AUG 2016
98
$414,849 8
Lakeshore East
AUGUST 2018 MARKET STATISTIC LAKESHORE EAST AVERAGE SALES PRICE
$717,754
7.3%
AVERAGE MARKET TIME
106 DAYS
17.8%
HOMES FOR SALE
134 UNITS
24.1%
CONDOS FOR SALE
134 UNITS
24.7%
# CLOSED SALES
149 UNITS
19.5% CONDO CORNER
8.0
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
148
$707,401
AUG 2017
185
$669,134
AUG 2016
200
$630,222 10
Lakeview
AUGUST 2018 MARKET STATISTIC LAKEVIEW AVERAGE SALES PRICE
$495,790
2.0%
AVERAGE MARKET TIME
65 DAYS
1.5%
HOMES FOR SALE
625 UNITS
3.1%
CONDOS FOR SALE
462 UNITS
6.0%
# CLOSED SALES
2,294 UNITS
0.8% CONDO CORNER
3.8
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
1,908
$395,918
AUG 2017
1,931
$385,584
AUG 2016
1,941
$375,814 12
Lincoln Park
AUGUST 2018 MARKET STATISTIC LINCOLN PARK AVERAGE SALES PRICE
$780,982
5.0%
AVERAGE MARKET TIME
78 DAYS
4.0%
HOMES FOR SALE
522 UNITS
1.4%
CONDOS FOR SALE
335 UNITS
8.1%
# CLOSED SALES
1,511 UNITS
4.7% CONDO CORNER
4.0
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
1,066
$562,598
AUG 2017
1,107
$539,525
AUG 2016
1,039
$483,703 14
Loop
AUGUST 2018 MARKET STATISTIC LOOP AVERAGE SALES PRICE
$435,395
7.9%
AVERAGE MARKET TIME
86 DAYS
17.3%
HOMES FOR SALE
130 UNITS
3.2%
CONDOS FOR SALE
123 UNITS
6.0%
# CLOSED SALES
298 UNITS
16.8% CONDO CORNER
8.6
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
295
$435,450
AUG 2017
355
$473,290
AUG 2016
343
$451,538 16
Old Town
AUGUST 2018 MARKET STATISTIC OLD TOWN AVERAGE SALES PRICE
$652,189
5.9%
AVERAGE MARKET TIME
67 DAYS
8.1%
HOMES FOR SALE
202 UNITS
24.7%
CONDOS FOR SALE
148 UNITS
35.8%
# CLOSED SALES
581 UNITS
0.2% CONDO CORNER
4.2
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
437
$427,520
AUG 2017
461
$443,304
AUG 2016
428
$400,536 18
River North
AUGUST 2018 MARKET STATISTIC RIVER NORTH
8.2%
AVERAGE SALES PRICE
$603,504
AVERAGE MARKET TIME
76 DAYS
HOMES FOR SALE
383 UNITS
11%
CONDOS FOR SALE
375 UNITS
10.6%
# CLOSED SALES
927 UNITS
7.9%
28.8%
CONDO CORNER
4.7
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
948
$594,753
AUG 2017
886
$546,132
AUG 2016
927
$525,890 20
River West
AUGUST 2018 MARKET STATISTIC RIVER WEST
$513,707
23.7%
AVERAGE MARKET TIME
49 DAYS
19.5%
HOMES FOR SALE
14 UNITS
7.7%
CONDOS FOR SALE
12 UNITS
9.1%
# CLOSED SALES
58 UNITS
21.6%
AVERAGE SALES PRICE
CONDO CORNER
2.9
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
52
$447,013
AUG 2017
62
$388,698
AUG 2016
34
$374,606 22
Roscoe Village
AUGUST 2018 MARKET STATISTIC ROSCOE VILLAGE
5.9%
AVERAGE SALES PRICE
$643,214
AVERAGE MARKET TIME
72 DAYS
2.9
HOMES FOR SALE
80 UNITS
6.7%
CONDOS FOR SALE
30 UNITS
3.4%
# CLOSED SALES
257 UNITS
14% CONDO CORNER
3.6
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
157
$460,194
AUG 2017
178
$433,857
AUG 2016
186
$406,981 24
South Loop
AUGUST 2018 MARKET STATISTIC SOUTH LOOP AVERAGE SALES PRICE
$414,281
5.1%
AVERAGE MARKET TIME
67 DAYS
15.5%
HOMES FOR SALE
253 UNITS
12.4%
CONDOS FOR SALE
236 UNITS
11.3%
# CLOSED SALES
918 UNITS
7.4% CONDO CORNER
3.2
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
842
$383,538
AUG 2017
933
$376,347
AUG 2016
976
$363,065 26
Streeterville
AUGUST 2018 MARKET STATISTIC STREETERVILLE AVERAGE SALES PRICE
$621,663
10.1%
AVERAGE MARKET TIME
120 DAYS
15.4%
HOMES FOR SALE
354 UNITS
17.2%
CONDOS FOR SALE
353 UNITS
17.3%
# CLOSED SALES
628 UNITS
6.1% CONDO CORNER
6.7
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
617
$612,607
AUG 2017
665
$560,452
AUG 2016
611
$575,476 28
West Loop
AUGUST 2018 MARKET STATISTIC WEST LOOP
15.4%
AVERAGE SALES PRICE
$564,439
AVERAGE MARKET TIME
48 DAYS
20%
HOMES FOR SALE
203 UNITS
6.3%
CONDOS FOR SALE
185 UNITS
8.2%
# CLOSED SALES
937 UNITS
2.7% CONDO CORNER
2.7
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
884
$542,816
AUG 2017
865
$458,038
830
$443,880
AUG 2016
30
West Town
AUGUST 2018 MARKET STATISTIC WEST TOWN AVERAGE SALES PRICE
6.2%
$571,576
AVERAGE MARKET TIME
61 DAYS
19.6%
HOMES FOR SALE
543 UNITS
12.2%
CONDOS FOR SALE
329 UNITS
17.1%
# CLOSED SALES
1,949 UNITS
6.2% CONDO CORNER
3.3
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
1,447
$481,551
AUG 2017
1,547
$454,851
AUG 2016
1,439
$438,186 32
Wicker Park
AUGUST 2018 MARKET STATISTIC WICKER PARK
3.5%
AVERAGE SALES PRICE
$636,976
AVERAGE MARKET TIME
62 DAYS
31.9
HOMES FOR SALE
132 UNITS
10%
CONDOS FOR SALE
78 UNITS
25.8%
# CLOSED SALES
493 UNITS
11.3% CONDO CORNER
3.1
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
AUG 2018
352
$498,835
AUG 2017
402
$482,282
AUG 2016
349
$461,019 34
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This data was provided by Midwest Real Estate Data, LLC and includes properties listed and sold by various participants in the MLS. Data supplied by MLS does not reflect all market activity in the area.