Douglas Neighborhood Chicago Real Estate Market Update February 2019


Real Estate In Douglas, Chicago is a sellers’ market with low inventory of homes in Douglas, Chicago and a lot of buyer interest. There is a 4.69 months supply of inventory on the market in Douglas, Chicago on February 28, 2019.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Douglas, Chicago last month was 44 days. It took on average 125 days to sell Douglas, Chicago Condo, Townhouse or a Duplex.
The number of home sales in Douglas, Chicago from January 1, 2019 through January 31, 2019 was 9 units. That is 1% above the number of homes sold last month in Douglas, Chicago.
The average price per square foot in the area is now $114/Sq.Ft, which is 30% a decline from last month.


In Douglas, Chicago there were 3 units sold in January in the price range between $62,000 – $136,244 with an average of 1 bedrooms and 1 bathrooms and average Square footage of 593SF.

In Douglas, Chicago there were 4 units sold in January in the price range between $136,245 – $367,743 with an average of 2.5 bedrooms and 1.8 bathrooms and average Square footage of 1,775SF.

In Douglas, Chicago there were 2 units sold in January in the price range between $367,744 – $525,000 with an average of 3.5 bedrooms and 3.1 bathrooms and average Square footage of 2,613SF.

The low price range had the most activity. Homes up to $136,244 were on the market on average 95 days and sold an average of $81,666.

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

Chicago
Dec 1, 2018 – Dec 31, 2018
Jan 1, 2019 – Jan 31, 2019
Month
December
January
Average Listing Price
$260,491
$267,359
Median Sales Price
$293,006
$210,488
Month supply of inventory
5.4
4.7
Market Time Detached
75 days
44 days
Market Time Attached
64 days
125 days
Inventory
56 properties
50 properties
Low price range
$89,900 – $191,453
$62,000 – $136,244
Low price range market time
39 days
95 days
Low price range units sold
0
3
Low price range bedrooms
1
1
Low price range bathrooms
1
1
Low price range approx sqft
775 SF
593 SF
Mid price range
$191,454 – $434,002
$136,245 – $367,743
Mid price range market time
90 days
131 days
Mid price range units sold
2
4
Mid price range bedrooms
2
2.5
Mid price range bathrooms
2
1.8
Mid price range approx sqft
1,500 SF
1,775 SF
High price range
$434,003 – $575,000
$367,744 – $525,000
High price range market time
75 days
39 days
High price range units sold
2
2
High price range bedrooms
4.5
3.5
High price range bathrooms
3.1
3.1
High price range approxsqft
3,600 SF
2,613 SF

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source https://realestatevibe.com/douglas-neighborhood-chicago-real-estate-market-update-February-2019/

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