Lower West Side Neighborhood Chicago Real Estate Market Update December 2018


Real Estate In Lower West Side, Chicago is a balanced market favoring buyers. There is significant amount of homes for sale in Lower West Side, Chicago, and buyers are not in a rush to buy yet. There is a 7.69 months supply of inventory on the market in Lower West Side, Chicago on December 31, 2018.



Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Lower West Side, Chicago last month was 23 days.
It took on average 54 days to sell Lower West Side, Chicago Condo, Townhouse or a Duplex.
The number of home sales in Lower West Side, Chicago from November 1, 2018 through November 30, 2018 was 7 units. That is 1% above the number of homes sold last month in Lower West Side, Chicago.

The average price per square foot in the area is now $206/Sq.Ft, which is 7% a decline from last month.



In Lower West Side, Chicago there were 3 units sold in November in the price range between $305,000 – $333,543 with an average of 2.7 bedrooms and 2 bathrooms and average Square footage of 1,200SF.

In Lower West Side, Chicago there were 2 units sold in November in the price range between $333,544 – $410,992 with an average of 3 bedrooms and 1.6 bathrooms and average Square footage of 1,697SF.

In Lower West Side, Chicago there were 2 units sold in November in the price range between $410,993 – $459,900 with an average of 3 bedrooms and 2.1 bathrooms and average Square footage of 2,000SF.

The low price range had the most activity. Homes up to $333,543 were on the market on average 30 days and sold an average of $318,266.

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 Lower West Side, Chicago. Search all Lower West Side, Chicago homes for Sale on propertyup.com If you are considering viewing Lower West Side, 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
$378,617
$371,888
Median Sales Price
$392,680
$362,085
Month supply of inventory
9.1
7.7
Market Time Detached
12 days
23 days
Market Time Attached
30 days
54 days
Inventory
134 properties
122 properties
Low price range
$160,000 – $276,340
$305,000 – $333,543
Low price range market time
19 days
30 days
Low price range units sold
0
3
Low price range bedrooms
2.7
2.7
Low price range bathrooms
1.1
2
Low price range approx sqft
1,802 SF
1,200 SF
Mid price range
$276,341 – $483,589
$333,544 – $410,992
Mid price range market time
18 days
60 days
Mid price range units sold
9
2
Mid price range bedrooms
3
3
Mid price range bathrooms
2
1.6
Mid price range approx sqft
1,637 SF
1,697 SF
High price range
$483,590 – $574,500
$410,993 – $459,900
High price range market time
47 days
68 days
High price range units sold
3
2
High price range bedrooms
3
3
High price range bathrooms
2
2.1
High price range approxsqft
1,883 SF
2,000 SF

The post Lower West Side Neighborhood Chicago Real Estate Market Update December 2018 appeared first on Real Estate Vibe - Property Up.



source http://realestatevibe.com/lower-west-side-neighborhood-chicago-real-estate-market-update-December-2018/

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