Near West Side Neighborhood Chicago Real Estate Market Update December 2018

Real Estate In Near West Side, Chicago is a sellers’ market with low inventory of homes in Near West Side, Chicago and a lot of buyer interest. There is a 4.45 months supply of inventory on the market in Near West Side, Chicago on December 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Near West Side, Chicago last month was 22 days.
It took on average 31 days to sell Near West Side, Chicago Condo, Townhouse or a Duplex.
The number of home sales in Near West Side, Chicago from November 1, 2018 through November 30, 2018 was 65 units. That is 1% above the number of homes sold last month in Near West Side, Chicago.

The average price per square foot in the area is now $265/Sq.Ft, which is 26% a decline from last month.

In Near West Side, Chicago there were 28 units sold in November in the price range between $176,400 – $310,057 with an average of 1.6 bedrooms and 1.3 bathrooms and average Square footage of 975SF.

In Near West Side, Chicago there were 34 units sold in November in the price range between $310,058 – $1,171,856 with an average of 2.2 bedrooms and 2 bathrooms and average Square footage of 1,566SF.

In Near West Side, Chicago there were 3 units sold in November in the price range between $1,171,857 – $1,900,000 with an average of 3 bedrooms and 3.1 bathrooms and average Square footage of 3,160SF.

The low price range had the most activity. Homes up to $310,057 were on the market on average 39 days and sold an average of $244,719.

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 Near West Side, Chicago. Search all Near West Side, Chicago homes for Sale on propertyup.com If you are considering viewing Near 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

$539,102

$551,741

Median Sales Price

$587,994

$443,713

Month supply of inventory

5.4

4.5

Market Time Detached

21 days

22 days

Market Time Attached

34 days

31 days

Inventory

611 properties

504 properties

Low price range

$83,000 – $335,497

$176,400 – $310,057

Low price range market time

26 days

39 days

Low price range units sold

0

28

Low price range bedrooms

1.7

1.6

Low price range bathrooms

1.4

1.3

Low price range approx sqft

1,009 SF

975 SF

Mid price range

$335,498 – $1,468,996

$310,058 – $1,171,856

Mid price range market time

32 days

27 days

Mid price range units sold

43

34

Mid price range bedrooms

2.4

2.2

Mid price range bathrooms

2.1

2

Mid price range approx sqft

1,753 SF

1,566 SF

High price range

$1,468,997 – $2,350,000

$1,171,857 – $1,900,000

High price range market time

72 days

15 days

High price range units sold

8

3

High price range bedrooms

3.8

3

High price range bathrooms

3.5

3.1

High price range approxsqft

2,867 SF

3,160 SF

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