Gage Park Neighborhood Chicago Real Estate Market Update January 2019


Real Estate In Gage Park, Chicago is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.29 months supply of inventory on the market in Gage Park, Chicago on January 31, 2019.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Gage Park, Chicago last month was 11 days.
The number of home sales in Gage Park, Chicago from December 1, 2018 through December 31, 2018 was 7 units. That is 1% above the number of homes sold last month in Gage Park, Chicago.
The average price per square foot in the area is now $96/Sq.Ft, which is 18% a decline from last month.


In Gage Park, Chicago there were 2 units sold in December in the price range between $75,000 – $114,921 with an average of 3 bedrooms and 2 bathrooms and average Square footage of 1,625SF.

In Gage Park, Chicago there were 3 units sold in December in the price range between $114,922 – $192,420 with an average of 3.7 bedrooms and 2.3 bathrooms and average Square footage of 1,677SF.

In Gage Park, Chicago there were 2 units sold in December in the price range between $192,421 – $230,000 with an average of 5 bedrooms and 2.6 bathrooms and average Square footage of 1,055SF.

The middle price range had the most activity. Homes up to $192,420 were on the market on average 14 days and sold an average of $152,000.

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

Chicago
Nov 1, 2018 – Nov 30, 2018
Dec 1, 2018 – Dec 31, 2018
Month
November
December
Average Listing Price
$182,587
$181,719
Median Sales Price
$175,160
$154,842
Month supply of inventory
5.1
5.3
Market Time Detached
13 days
11 days
Market Time Attached
0 days
0 days
Inventory
73 properties
67 properties
Low price range
$92,000 – $133,580
$75,000 – $114,921
Low price range market time
15 days
5 days
Low price range units sold
0
2
Low price range bedrooms
3.7
3
Low price range bathrooms
1.4
2
Low price range approx sqft
923 SF
1,625 SF
Mid price range
$133,581 – $218,829
$114,922 – $192,420
Mid price range market time
17 days
14 days
Mid price range units sold
4
3
Mid price range bedrooms
4.3
3.7
Mid price range bathrooms
2
2.3
Mid price range approx sqft
1,634 SF
1,677 SF
High price range
$218,830 – $262,500
$192,421 – $230,000
High price range market time
8 days
13 days
High price range units sold
3
2
High price range bedrooms
6
5
High price range bathrooms
2
2.6
High price range approxsqft
1,780 SF
1,055 SF

The post Gage Park Neighborhood Chicago Real Estate Market Update January 2019 appeared first on Real Estate Vibe - Property Up.



source https://realestatevibe.com/gage-park-neighborhood-chicago-real-estate-market-update-January-2019/

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