Morgan Park Chicago Real Estate Market Update April 2018

Real Estate In Morgan Park, Chicago is a balanced market favoring buyers. There is significant amount of homes for sale in Morgan Park, Chicago, and buyers are not in a rush to buy yet. There is a 8.26 months supply of inventory on the market in Morgan Park, Chicago on April 30, 2018.

Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Morgan Park, Chicago last month was 64 days.
The number of home sales in Morgan Park, Chicago from March 1, 2018 through March 31, 2018 was 18 units. That is 1% above the number of homes sold last month in Morgan Park, Chicago.

The average price per square foot in the area is now $110/Sq.Ft, which is 42% an increase from last month.

In Morgan Park, Chicago there were 5 units sold in March in the price range between $52,000 – $109,368 with an average of 3.2 bedrooms and 1.1 bathrooms and average Square footage of 1,031SF.

In Morgan Park, Chicago there were 9 units sold in March in the price range between $109,369 – $233,367 with an average of 3.8 bedrooms and 2 bathrooms and average Square footage of 1,187SF.

In Morgan Park, Chicago there were 4 units sold in March in the price range between $233,368 – $300,000 with an average of 3.8 bedrooms and 2.1 bathrooms and average Square footage of 2,045SF.

The low price range had the most activity. Homes up to $109,368 were on the market on average 88 days and sold an average of $76,440.

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 Morgan Park, Chicago. Search all Morgan Park, Chicago homes for Sale on propertyup.com If you are considering viewing Morgan Park, 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

$185,439

$186,247

Median Sales Price

$116,518

$166,736

Month supply of inventory

7.1

8.3

Market Time Detached

86 days

64 days

Market Time Attached

148 days

0 days

Inventory

153 properties

180 properties

Low price range

$25,500 – $71,009

$52,000 – $109,368

Low price range market time

155 days

88 days

Low price range units sold

3

5

Low price range bedrooms

2

3.2

Low price range bathrooms

1

1.1

Low price range approx sqft

978 SF

1,031 SF

Mid price range

$71,010 – $175,758

$109,369 – $233,367

Mid price range market time

67 days

65 days

Mid price range units sold

7

9

Mid price range bedrooms

3.3

3.8

Mid price range bathrooms

1.6

2

Mid price range approx sqft

1,390 SF

1,187 SF

High price range

$175,759 – $235,000

$233,368 – $300,000

High price range market time

80 days

31 days

High price range units sold

1

4

High price range bedrooms

4

3.8

High price range bathrooms

2

2.1

High price range approxsqft

2,500 SF

2,045 SF

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