Norridge Real Estate Market Update December 2018


Real Estate In Norridge is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.17 months supply of inventory on the market in Norridge on December 31, 1969.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Norridge last month was 44 days.
It took on average 55 days to sell Norridge Condo, Townhouse or a Duplex.
The number of home sales in Norridge from November 1, 2018 through November 30, 2018 was 10 units. That is 1% above the number of homes sold last month in Norridge.

The average price per square foot in the area is now $163/Sq.Ft, which is 3% an increase from last month.



In Norridge there were 3 units sold in November in the price range between $130,000 – $213,320 with an average of 2.3 bedrooms and 1.7 bathrooms and average Square footage of 1,025SF.

In Norridge there were 6 units sold in November in the price range between $213,321 – $420,819 with an average of 2.8 bedrooms and 1.8 bathrooms and average Square footage of 1,306SF.

In Norridge there were 1 units sold in November in the price range between $420,820 – $545,000 with an average of 5 bedrooms and 3.1 bathrooms and average Square footage of 2,615SF.

The low price range had the most activity. Homes up to $213,320 were on the market on average 53 days and sold an average of $164,133.

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 Norridge. Search all Norridge homes for Sale on propertyup.com If you are considering viewing Norridge, you may want to do so now!

Norridge
Oct 1, 2018 – Oct 31, 2018
Nov 1, 2018 – Nov 30, 2018
Month
October
November
Average Listing Price
$386,941
$389,431
Median Sales Price
$290,013
$296,640
Month supply of inventory
6.5
5.2
Market Time Detached
22 days
44 days
Market Time Attached
6 days
55 days
Inventory
97 properties
78 properties
Low price range
$164,900 – $227,457
$130,000 – $213,320
Low price range market time
6 days
53 days
Low price range units sold
0
3
Low price range bedrooms
2
2.3
Low price range bathrooms
1.1
1.7
Low price range approx sqft
0 SF
1,025 SF
Mid price range
$227,458 – $395,006
$213,321 – $420,819
Mid price range market time
23 days
46 days
Mid price range units sold
8
6
Mid price range bedrooms
3
2.8
Mid price range bathrooms
1.8
1.8
Mid price range approx sqft
1,251 SF
1,306 SF
High price range
$395,007 – $500,000
$420,820 – $545,000
High price range market time
20 days
25 days
High price range units sold
2
1
High price range bedrooms
4
5
High price range bathrooms
2.6
3.1
High price range approxsqft
2,068 SF
2,615 SF

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source https://realestatevibe.com/norridge-real-estate-market-update-December-2018/

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