New City Neighborhood Chicago Real Estate Market Update December 2018

Real Estate In New City, Chicago is a balanced market favoring buyers. There is significant amount of homes for sale in New City, Chicago, and buyers are not in a rush to buy yet. There is a 6.61 months supply of inventory on the market in New City, Chicago on December 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in New City, Chicago last month was 15 days.
The number of home sales in New City, Chicago from November 1, 2018 through November 30, 2018 was 7 units. That is 1% above the number of homes sold last month in New City, Chicago.

The average price per square foot in the area is now $117/Sq.Ft, which is 14% an increase from last month.

In New City, Chicago there were 3 units sold in November in the price range between $23,500 – $105,143 with an average of 3 bedrooms and 1.4 bathrooms and average Square footage of 1,163SF.

In New City, Chicago there were 2 units sold in November in the price range between $105,144 – $305,892 with an average of 3 bedrooms and 2.1 bathrooms and average Square footage of 2,025SF.

In New City, Chicago there were 2 units sold in November in the price range between $305,893 – $425,000 with an average of 5 bedrooms and 3 bathrooms and average Square footage of 2,600SF.

The low price range had the most activity. Homes up to $105,143 were on the market on average 20 days and sold an average of $29,333.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in New City, Chicago. Search all New City, Chicago homes for Sale on propertyup.com If you are considering viewing New City, Chicago, you may want to do so now!

Chicago

Oct 1, 2018 – Oct 31, 2018

Nov 1, 2018 – Nov 30, 2018

Month

October

November

Average Listing Price

$212,515

$194,321

Median Sales Price

$180,000

$186,785

Month supply of inventory

6.5

6.6

Market Time Detached

41 days

15 days

Market Time Attached

42 days

0 days

Inventory

180 properties

188 properties

Low price range

$30,000 – $105,000

$23,500 – $105,143

Low price range market time

64 days

20 days

Low price range units sold

0

3

Low price range bedrooms

4.3

3

Low price range bathrooms

1.8

1.4

Low price range approx sqft

1,275 SF

1,163 SF

Mid price range

$105,001 – $281,999

$105,144 – $305,892

Mid price range market time

26 days

23 days

Mid price range units sold

2

2

Mid price range bedrooms

3.5

3

Mid price range bathrooms

1.5

2.1

Mid price range approx sqft

1,200 SF

2,025 SF

High price range

$282,000 – $384,000

$305,893 – $425,000

High price range market time

12 days

2 days

High price range units sold

2

2

High price range bedrooms

4.5

5

High price range bathrooms

2.6

3

High price range approxsqft

2,250 SF

2,600 SF

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