East Garfield Park Neighborhood Chicago Real Estate Market Update February 2019


Real Estate In East Garfield Park, Chicago is a balanced market favoring buyers. There is significant amount of homes for sale in East Garfield Park, Chicago, and buyers are not in a rush to buy yet. There is a 8.64 months supply of inventory on the market in East Garfield Park, Chicago on February 28, 2019.
Now is the Time to Buy! The average market time for a Single Family Homes to sell in East Garfield Park, Chicago last month was 52 days. It took on average 55 days to sell East Garfield Park, Chicago Condo, Townhouse or a Duplex.
The number of home sales in East Garfield Park, Chicago from January 1, 2019 through January 31, 2019 was 5 units. That is 1% above the number of homes sold last month in East Garfield Park, Chicago.
The average price per square foot in the area is now $138/Sq.Ft, which is 92% an increase from last month.


In East Garfield Park, Chicago there were 1 units sold in January in the price range between $43,000 – $137,640 with an average of 2 bedrooms and 1 bathrooms and average Square footage of 800SF.

In East Garfield Park, Chicago there were 3 units sold in January in the price range between $137,641 – $336,139 with an average of 4.3 bedrooms and 3 bathrooms and average Square footage of 2,562SF.

In East Garfield Park, Chicago there were 1 units sold in January in the price range between $336,140 – $440,000 with an average of 6 bedrooms and 4 bathrooms and average Square footage of 3,800SF.

The middle price range had the most activity. Homes up to $336,139 were on the market on average 66 days and sold an average of $226,133.

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

Chicago
Dec 1, 2018 – Dec 31, 2018
Jan 1, 2019 – Jan 31, 2019
Month
December
January
Average Listing Price
$198,180
$182,468
Median Sales Price
$129,839
$232,280
Month supply of inventory
9.4
8.6
Market Time Detached
69 days
52 days
Market Time Attached
107 days
55 days
Inventory
113 properties
116 properties
Low price range
$33,000 – $81,420
$43,000 – $137,640
Low price range market time
64 days
28 days
Low price range units sold
0
1
Low price range bedrooms
3
2
Low price range bathrooms
2
1
Low price range approx sqft
1,693 SF
800 SF
Mid price range
$81,421 – $169,919
$137,641 – $336,139
Mid price range market time
104 days
66 days
Mid price range units sold
5
3
Mid price range bedrooms
3
4.3
Mid price range bathrooms
2
3
Mid price range approx sqft
1,881 SF
2,562 SF
High price range
$169,920 – $210,000
$336,140 – $440,000
High price range market time
56 days
39 days
High price range units sold
1
1
High price range bedrooms
3
6
High price range bathrooms
2.1
4
High price range approxsqft
1,500 SF
3,800 SF

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source https://realestatevibe.com/east-garfield-park-neighborhood-chicago-real-estate-market-update-February-2019/

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