Forest Glen Chicago Real Estate Market Update April 2018


Real Estate In Forest Glen, Chicago is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.88 months supply of inventory on the market in Forest Glen, Chicago on April 30, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Forest Glen, Chicago last month was 100 days.
The number of home sales in Forest Glen, Chicago from March 1, 2018 through March 31, 2018 was 21 units. That is 1% above the number of homes sold last month in Forest Glen, Chicago.

The average price per square foot in the area is now $224/Sq.Ft, which is 10% an increase from last month.



In Forest Glen, Chicago there were 3 units sold in March in the price range between $297,000 – $418,686 with an average of 2.3 bedrooms and 1.3 bathrooms and average Square footage of 990SF.

In Forest Glen, Chicago there were 15 units sold in March in the price range between $418,687 – $745,185 with an average of 3.6 bedrooms and 2.3 bathrooms and average Square footage of 2,501SF.

In Forest Glen, Chicago there were 3 units sold in March in the price range between $745,186 – $950,000 with an average of 3.7 bedrooms and 2.8 bathrooms and average Square footage of 3,800SF.

The middle price range had the most activity. Homes up to $745,185 were on the market on average 77 days and sold an average of $518,053.

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

Chicago
Feb 1, 2018 – Feb 28, 2018
Mar 1, 2018 – Mar 31, 2018
Month
February
March
Average Listing Price
$565,927
$566,077
Median Sales Price
$491,722
$540,371
Month supply of inventory
5.8
5.9
Market Time Detached
54 days
100 days
Market Time Attached
20 days
0 days
Inventory
118 properties
123 properties
Low price range
$220,000 – $355,861
$297,000 – $418,686
Low price range market time
36 days
133 days
Low price range units sold
4
3
Low price range bedrooms
2.5
2.3
Low price range bathrooms
1.5
1.3
Low price range approx sqft
1,146 SF
990 SF
Mid price range
$355,862 – $775,860
$418,687 – $745,185
Mid price range market time
63 days
77 days
Mid price range units sold
4
15
Mid price range bedrooms
4.3
3.6
Mid price range bathrooms
2.3
2.3
Mid price range approx sqft
2,362 SF
2,501 SF
High price range
$775,861 – $1,060,000
$745,186 – $950,000
High price range market time
63 days
182 days
High price range units sold
1
3
High price range bedrooms
5
3.7
High price range bathrooms
3.1
2.8
High price range approxsqft
4,472 SF
3,800 SF

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source http://realestatevibe.com/forest-glen-chicago-real-estate-market-update-April-2018/

Comments

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