FEBRUARY 2018 | CHICAGO MARKET STATISTICS | 1ST 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
OLD TOWN
PAGE 16
RIVER NORTH
PAGE 18
RIVER WEST
PAGE 20
ROSCOE VILLAGE
PAGE 22
SOUTH LOOP
PAGE 24
STREETERVILLE
PAGE 26
THE LOOP
PAGE 28
WICKER PARK
PAGE 30
WEST LOOP
PAGE 32
WEST TOWN
PAGE 34
DATA PROVIDED BY MRED
2
Bucktown
FEBRUARY 2018 MARKET STATISTIC BUCKTOWN AVERAGE SALES PRICE
$635,324
2.1%
AVERAGE MARKET TIME
60 DAYS
7.1%
HOMES FOR SALE
37 UNITS
54.2%
CONDOS FOR SALE
36 UNITS
24.1%
# CLOSED SALES
353 UNITS
1.4% CONDO CORNER
4.2
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
224
$455,431
Feb 2017
221
$455,854
224
$440,746
Feb 2016
4
Gold Coast
FEBRUARY 2018 MARKET STATISTIC GOLD COAST AVERAGE SALES PRICE
$631,281
12.5%
AVERAGE MARKET TIME
118 DAYS
4.8%
HOMES FOR SALE
28 UNITS
16.7%
CONDOS FOR SALE
213 UNITS
0.5%
# CLOSED SALES
482 UNITS
3.4% CONDO CORNER
5.7
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
466
$554,017
Feb 2017
486
$682,219
Feb 2016
489
$563,617 6
Goose Island
FEBRUARY 2018 MARKET STATISTIC GOOSE ISLAND AVERAGE SALES PRICE
$527,186
10.7%
AVERAGE MARKET TIME
62 DAYS
10.1%
HOMES FOR SALE
2 UNITS
100%
CONDOS FOR SALE
34 UNITS
13.3%
# CLOSED SALES
176 UNITS
18.9% CONDO CORNER
3.4
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
159
$447,770
Feb 2017
132
$439,885
Feb 2016
154
$458,776 8
Lakeshore East
FEBRUARY 2018 MARKET STATISTIC LAKESHORE EAST AVERAGE SALES PRICE
$702,694
14.3%
AVERAGE MARKET TIME
92 DAYS
5.7%
HOMES FOR SALE
0 UNITS
0.0%
CONDOS FOR SALE
123 UNITS
36.7%
# CLOSED SALES
168 UNITS
15.6% CONDO CORNER
6.4
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
168
$702,694
Feb 2017
199
$614,853
Feb 2016
191
$765,450 10
Lakeview
FEBRUARY 2018 MARKET STATISTIC LAKEVIEW AVERAGE SALES PRICE
$501,012
2.8%
AVERAGE MARKET TIME
64 DAYS
11.1%
HOMES FOR SALE
87 UNITS
8.4%
CONDOS FOR SALE
448 UNITS
1.4%
# CLOSED SALES
2,375 UNITS
1.2%
CONDO CORNER
3.4
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
2,065
$405,218
Feb 2017
2,033
$392,439
Feb 2016
2,098
$370,754 12
Lincoln Park
FEBRUARY 2018 MARKET STATISTIC LINCOLN PARK
$782,110
7.7%
AVERAGE MARKET TIME
81 DAYS
11%
HOMES FOR SALE
142 UNITS
3.6%
CONDOS FOR SALE
305 UNITS
4.4%
# CLOSED SALES
1,598 UNITS
1.3%
AVERAGE SALES PRICE
CONDO CORNER
4.1
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
1,301
$586,761
Feb 2017
1,285
$525,476
Feb 2016
1,312
$511,395 14
Old Town
FEBRUARY 2018 MARKET STATISTIC OLD TOWN AVERAGE SALES PRICE
$633,655
0.2%
AVERAGE MARKET TIME
60 DAYS
9.1%
HOMES FOR SALE
42 UNITS
35.5%
CONDOS FOR SALE
118 UNITS
8.3%
# CLOSED SALES
585 UNITS
4.1% CONDO CORNER
3.8
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
517
$486,524
Feb 2017
497
$461,547
Feb 2016
516
$428,326 16
River North
FEBRUARY 2018 MARKET STATISTIC RIVER NORTH AVERAGE SALES PRICE
$593,608
12.1%
AVERAGE MARKET TIME
68 DAYS
1.5%
HOMES FOR SALE
2 UNITS
100%
CONDOS FOR SALE
361 UNITS
32.7%
# CLOSED SALES
965 UNITS
3.1% CONDO CORNER
4.8
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
954
$582,413
Feb 2017
931
$527,110
Feb 2016
937
$530,205 18
River West
OCTOBER 2017 MARKET STATISTIC RIVER WEST AVERAGE SALES PRICE
$478,982
18.5%
AVERAGE MARKET TIME
65 DAYS
12.1%
HOMES FOR SALE
0 UNITS
0.0%
CONDOS FOR SALE
11 UNITS
22.2%
# CLOSED SALES
68 UNITS
0.0% CONDO CORNER
2.1
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
61
$429,747
Feb 2017
58
$401,465
Feb 2016
44
$388,431 20
Roscoe Village
OCTOBER 2017 MARKET STATISTIC ROSCOE VILLAGE AVERAGE SALES PRICE
$650,900
6.2%
AVERAGE MARKET TIME
78 DAYS
23.8%
HOMES FOR SALE
29 UNITS
17.1%
CONDOS FOR SALE
28 UNITS
0.0%
# CLOSED SALES
288 UNITS
10.0% CONDO CORNER # OF SALES
3.4
MONTH OF INVENTORY Amount of time to sell off current inventory
AVERAGE PRICE
Feb 2018
175
$436,773
Feb 2017
202
$428,269
Feb 2016
163
$409,118 22
South Loop
FEBRUARY 2018 MARKET STATISTIC SOUTH LOOP AVERAGE SALES PRICE
$403,762
4.6%
AVERAGE MARKET TIME
63 DAYS
0.0%
HOMES FOR SALE
2 UNITS
100%
CONDOS FOR SALE
222 UNITS
5.7%
# CLOSED SALES
981 UNITS
4.6% CONDO CORNER
3.3
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
965
$400,372
Feb 2017
1,019
$382,607
Feb 2016
1,007
$377,861 24
Streeterville
FEBRUARY 2018 MARKET STATISTIC STREETERVILLE AVERAGE SALES PRICE
$571,059
0.4%
AVERAGE MARKET TIME
104 DAYS
12.6%
HOMES FOR SALE
0 UNITS
0.0%
CONDOS FOR SALE
324 UNITS
11.3%
# CLOSED SALES
622 UNITS
5.9% CONDO CORNER
6.1
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
621
$571,059
Feb 2017
661
$573,214
Feb 2016
643
$601,188 26
The Loop
FEBRUARY 2018 MARKET STATISTIC THE LOOP AVERAGE SALES PRICE
$429,576
13.2%
AVERAGE MARKET TIME
88 DAYS
12.7%
HOMES FOR SALE
0 UNITS
0.0%
CONDOS FOR SALE
119 UNITS
7.0%
# CLOSED SALES
346 UNITS
2.8% CONDO CORNER
4.7
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
339
$430,036
Feb 2017
352
$493,574
Feb 2016
336
$483,225 28
Wicker Park
OCTOBER 2017 MARKET STATISTIC WICKER PARK AVERAGE SALES PRICE
$632,773
6.6%
AVERAGE MARKET TIME
54 DAYS
5.3%
HOMES FOR SALE
30 UNITS
3.2%
CONDOS FOR SALE
65 UNITS
1.6%
# CLOSED SALES
541 UNITS
4.0% CONDO CORNER
3.1
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
417
$507,750
Feb 2017
392
$479,188
Feb 2016
428
$479,189 30
West Loop
FEBRUARY 2018 MARKET STATISTIC WEST LOOP AVERAGE SALES PRICE
$524,697
10.2%
AVERAGE MARKET TIME
44 DAYS
12.8%
HOMES FOR SALE
3 UNITS
50%
CONDOS FOR SALE
168 UNITS
17.5%
# CLOSED SALES
948 UNITS
2.9% CONDO CORNER
2.7
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
922
$519,709
Feb 2017
880
$454,947
Feb 2016
924
$434,482 32
West Town
OCTOBER 2017 MARKET STATISTIC WEST TOWN AVERAGE SALES PRICE
$565,354
6.7%
AVERAGE MARKET TIME
57 DAYS
0.0%
HOMES FOR SALE
93 UNITS
12%
CONDOS FOR SALE
308 UNITS
19.8%
# CLOSED SALES
2,117 UNITS
2.5% CONDO CORNER
3.5
MONTH OF INVENTORY Amount of time to sell off current inventory
# OF SALES
AVERAGE PRICE
Feb 2018
1,617
$476,344
Feb 2017
1,532
$449,813
Feb 2016
1,557
$434,589 34
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