Chicago Real Estate Market MRED Weekly Market Snapshot - Jan. 19 2021

Page 1

Weekly Market Snapshot Residential Real Estate

January 18, 2021


*PLN listings are not publicly marketed. 10 /1 2

10 /5

9/ 28

9/ 21

9/ 14

9/ 7

10 /1 210 /1 9 10 /1 910 /2 6 10 /2 611 /2 11 /2 -1 1/ 9 11 /9 -1 1/ 16 11 /1 611 /2 3 11 /2 311 /3 0 11 /3 012 /7 12 /7 -1 2/ 14 12 /1 412 /2 1 12 /2 112 /2 8 12 /2 81/ 4 1/ 41/ 11 1/ 11 -1 /1 8

10 /5 -

9/ 28 -

9/ 21 -

9/ 14 -

9/ 7-

8/ 31 -

Previous Year Closed Current Year Closed

2,005

1,804

1,739

1,635

2,173

1,605

1,828

1,483

2,964

2,814

2,532

2,376

3,481

2,458

1,763

1,822

3,126

2,529

2,753

2,372

2,679

2,181

3,757

3,133

2,929

2,519

2,998

2,312

2,582

2,245

4,127

2,956

3,093

2,903

3,444

2,705

2,215

2,503

3,499

2,051

2,579

3,809

3,289

2,723

0 8/ 31

8/ 24

Closed Listings

8/ 24 -

8/ 17 -

Residential | Closed Listings 2019 vs 2020 | All residential property types (excludes the *Private Listing Network)

5K

4K

3K

2K

1K


Residential | Listings Under Contract 2019 vs 2020 | All residential property types in a contingent, pending or closed status with a contract date in the seven day range. 6K

4K

3,399

2,476

2,574

2,157

1,862

1,423

1,870

1,233

2,775

1,932

2,890

2,120

2,801

1,886

2,330

1,176

3,182

2,309

3,664

2,401

3,203

2,458

3,375

2,475

3,893

2,467

3,397

2,481

3,813

2,687

3,898

2,670

4,190

2,683

9/ 28 -1 0/ 10 5 /5 -1 0/ 10 12 /1 210 /1 10 9 /1 910 /2 10 6 /2 611 /2 11 /2 -1 1/ 11 9 /9 -1 1/ 11 16 /1 611 /2 11 3 /2 311 /3 11 0 /3 012 /7 12 /7 -1 2/ 12 14 /1 412 /2 12 1 /2 112 /2 8 12 /2 81/ 4 1/ 41/ 11 1/ 11 -1 /1 8

9/ 28

4,301

2,750

9/ 21 -

9/ 14 -

9/ 21

3,724

2,834

9/ 7-

9/ 14

4,173

2,421

8/ 31 -

9/ 7

4,691

3,408

8/ 31

4,809

8/ 24 -

8/ 24

0

2,812

2K

8/ 17 -

Under Contract

Previous Year Under Contract

Current Year Under Contract

All residential property types in a contingent, pending or closed status with a contract date in the seven day range. Note: Properties that are marked contingent (CTG) can fall through for a variety of reasons. Not every CTG sale will become a closed sale.


Previous Year New Listings Added Current Year New Listings Added

Includes all property statuses in the seven day range (includes: all active and off market statuses ). *PLN listings are not publicly marketed. 5,223

5,564

5,390

6,063

2,846

3,356

1,959

1,887

3,679

3,234

4,238

3,921

5,018

4,731

2,925

2,837

4,933

4,685

5,890

4,869

5,656

5,706

5,611

5,790

6,247

6,140

6,897

6,387

7,196

6,882

7,333

6,985

7,411

6,717

7,920

7,306

7,177

7,922

9K

7,333

7,732

7,524

6,680

8,156

7,042

0

8/ 31 8/ 31 -9 /7 9/ 79/ 14 9/ 14 -9 /2 1 9/ 21 -9 /2 8 9/ 28 -1 0/ 10 5 /5 -1 0/ 10 12 /1 210 10 /1 9 /1 910 /2 10 6 /2 611 /2 11 /2 -1 1/ 11 9 /9 -1 1/ 11 16 /1 611 11 /2 3 /2 311 /3 11 0 /3 012 12 /7 /7 -1 2/ 12 14 /1 412 12 /2 1 /2 112 /2 8 12 /2 81/ 4 1/ 41/ 11 1/ 11 -1 /1 8

8/ 24 -

8/ 24

New Listings

8/ 17 -

Residential | New Listings 2019 vs 2020 | All residential property types (excludes the *Private Listing Network)

8K

7K

6K

5K

4K

3K

2K

1K


Residential | Rented Listings 2019 vs 2020 | All residential property types (excludes the *Private Listing Network) 1,400 1,200 1,000 800 Rented Listings

600 400 200

10 /5 -

10 /1 10 2 /1 210 /1 10 9 /1 910 /2 10 6 /2 611 /2 11 /2 -1 1/ 11 9 /9 -1 1/ 11 16 /1 611 /2 11 3 /2 311 /3 11 0 /3 012 /7 12 /7 -1 2/ 12 14 /1 412 /2 12 1 /2 112 /2 8 12 /2 81/ 4 1/ 41/ 11 1/ 11 -1 /1 8

10 /5

9/ 28 -

9/ 28

9/ 21 -

9/ 21

9/ 14 -

9/ 14

9/ 7-

9/ 7

8/ 31 -

8/ 31

8/ 24 -

8/ 17 -

8/ 24

0

Previous Year Rented

*PLN listings are not publicly marketed.

Current Year Rented


Residential | Active and Temporary 2020 | All residential property types (excludes the *Private Listing Network )

8/24/2020

72,526

2,624

8/31/2020

72,485

2,593

9/7/2020

72,073

9/14/2020

72,822

9/21/2020

73,411

2,382

9/28/2020

73,205

2,362

2,463 2,446

Active and

10/5/2020

71,716

10/12/2020

72,266 72,031

Temporary

10/19/2020 10/26/2020

71,264

11/2/2020

69,000

11/9/2020

68,356

11/16/2020

66,957

11/23/2020

65,318

11/30/2020

63,945

12/7/2020

61,350

12/14/2020

59,433

12/21/2020

57,340

12/28/2020

55,124

1/4/2021

51,934

1/11/2021

52,453

2,184

1/18/2021

52,505

2,188

0

2,236 2,264 2,243 2,257 2,252 2,245 2,265 2,328 2,386 2,380 2,429 2,482 2,597 2,257

5K

10K

15K

20K

25K

30K

Total Active

35K

40K

45K

Temporary (total number reported on Monday)

50K

55K

60K

65K

*PLN listings are not publicly marketed. Temporary status includes properties in a listing agreement; however no showings allowed.

70K

75K


Residential | Open Houses 2020 | All residential property types (excludes the *Private Listing Network and Temporary )

4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500

18 1/

/1 1/

11

/2

1-

-1 21 4/

1/

/2

21 1/

/2 /4 -1

2,408

1

2,243

1

0 20 8/ /2 12

20 1/ /2

12

884

/2 28 2/

-1

2/ -1 20

4/ /1 12

485

0 /2 21

4/ /1 12

0/2 /7

12

1,678

20

20

2,213

7/ -1

20 0/ /3

11

20 3/ /2

11

2/

30 1/

-1

1/ -1 20

6/ /1

2,536

/2

0 /2 23

6/ /1 11 11

1,190

0

2,389

20

0 11

/9

/2

0-

0/2 /2

11

3,251

/2 /9 11

1/ -1 20

6/ /2 10

3,493

20 2/

/2 26 0/

-1 20 9/

/1

2,926

0

0

3,586

/2 19 0/

-1 10

10

/1

2/

20

0/2 /5

10

3,665

20 /1

10

10 0-

/2 28

2/

/2 /5

/2 28 9/ 9/

4,164

0

3,796

0

0 0/2 21 9/

/2 14 9/

3,809

/2 21 9/

/1 -9 20

7/ 9/

/2 31 8/

3,939

20 4/

7/ 9/

31 8/ 0-

/2 24 8/

3,687

20

0 /2

/2 24 8/ 0/2 17

2,541

0-

3,702

0

3,607

0-

0

8/

Open Houses

Open Houses

*PLN listings are not publicly marketed. Temporary status includes properties in a listing agreement; however no showings allowed. Open houses must be virtual during the "stay at home" order


Impact of COVID-19 to Real Estate Showings in MRED MLS Weekly showings normalized to the rst calendar week of January, 7-day moving average. Data through January 18, 2021

2019 Weekly Average

2020 Weekly Average

2021 Weekly Average

+100%

Change from First Week of the Year

+75% +50% +25% 0% -25% -50% -75%

Jan 24

Feb 24

Mar 27

Apr 27

May 28

Jun 28

Jul 29

Aug 29

Sep 29

Oct 30

Nov 30

Dec 31

© 2021 ShowingTime. All rights reserved.

Scroll down to see dates


9/ 28

9/ 21

9/ 14

9/ 7

10 /5 10 /5 -1 0/ 12 10 /1 210 /1 10 9 /1 910 /2 10 6 /2 611 /2 11 /2 -1 1/ 11 9 /9 -1 1/ 11 16 /1 611 /2 11 3 /2 311 /3 11 0 /3 012 /7 12 /7 -1 2/ 12 14 /1 412 /2 12 1 /2 112 /2 8 12 /2 81/ 4 1/ 41/ 11 1/ 11 -1 /1 8

9/ 28 -

9/ 21 -

9/ 14 -

9/ 7-

8/ 31 -

8/ 31

0

Previous Year Median Sold Price Current Year Median Sold Price Previous Year Average Sold Price Current Year Average Sold Price

$260,000

$217,000

$260,000

$219,950

$238,000

$210,000

$240,000

$200,000

$258,000

$225,000

$255,000

$222,000

$268,000

$235,000

$242,500

$210,500

$254,700

$227,000

$252,500

$229,000

$255,000

$220,950

$264,000

$220,000

$255,000

$227,000

$260,000

$228,250

$253,000

$221,500

$259,450

$227,500

$257,000

$220,000

$268,000

$220,000

$260,000

$225,000

$260,000

$233,750

$260,000

$231,250

$262,000

$235,000

50K

8/ 24 -

8/ 24

Sold Price

8/ 17 -

Residential | Sold Price 2019 vs 2020 | All residential property types (excludes Rental)

350K

300K

250K

200K

Average Sold Price 150K vs 100K Median


9/ 28

9/ 21

9/ 14

9/ 7

9/ 28 -1 0/ 10 5 /5 -1 0/ 12 10 /1 210 /1 10 9 /1 910 /2 10 6 /2 611 /2 11 /2 -1 1/ 11 9 /9 -1 1/ 11 16 /1 611 /2 11 3 /2 311 /3 11 0 /3 012 /7 12 /7 -1 2/ 12 14 /1 412 /2 12 1 /2 112 /2 8 12 /2 81/ 4 1/ 41/ 11 1/ 11 -1 /1 8

9/ 21 -

9/ 14 -

9/ 7-

8/ 31 -

8/ 31

Previous Year Median Rented Price Current Year Median Rented Price Previous Year Average Rented Price Current Year Average Rented Price

$1,550

$1,650

$1,553

$1,637

$1,547

$1,625

$1,476

$1,650

$1,595

$1,700

$1,500

$1,700

$1,575

$1,600

$1,597

$1,600

$1,550

$1,657

$1,465

$1,680

$1,550

$1,550

$1,350

$1,570

$1,600

$1,675

$1,550

$1,700

$1,650

$1,700

$1,625

$1,662

$1,725

$1,696

$1,700

$1,700

$1,695

$1,730

$1,700

$1,737

$1,700

$1,400

$1,695

$1,497

0

8/ 24 -

8/ 24

Average Rental Price vs

8/ 17 -

Residential | Rented Price 2019 vs 2020 | All residential Rental

3,000

2,000

Median 1,000 Rental Price


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