Gage Park Neighborhood Chicago Real Estate Market Update February 2019


Real Estate In Gage Park, Chicago is a sellers’ market with low inventory of homes in Gage Park, Chicago and a lot of buyer interest. There is a 4.12 months supply of inventory on the market in Gage Park, Chicago on February 28, 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 50 days.
The number of home sales in Gage Park, Chicago from January 1, 2019 through January 31, 2019 was 8 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 $100/Sq.Ft, which is 6% an increase from last month.


In Gage Park, Chicago there were 1 units sold in January in the price range between $77,147 – $121,550 with an average of 2 bedrooms and 1 bathrooms and average Square footage of 500SF.

In Gage Park, Chicago there were 6 units sold in January in the price range between $121,551 – $215,475 with an average of 4.3 bedrooms and 2 bathrooms and average Square footage of 1,412SF.

In Gage Park, Chicago there were 1 units sold in January in the price range between $215,476 – $265,000 with an average of 5 bedrooms and 3 bathrooms and average Square footage of 1,589SF.

The middle price range had the most activity. Homes up to $215,475 were on the market on average 50 days and sold an average of $164,245.

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
Dec 1, 2018 – Dec 31, 2018
Jan 1, 2019 – Jan 31, 2019
Month
December
January
Average Listing Price
$181,230
$188,569
Median Sales Price
$154,842
$165,952
Month supply of inventory
5.2
4.1
Market Time Detached
11 days
50 days
Market Time Attached
0 days
0 days
Inventory
66 properties
57 properties
Low price range
$75,000 – $114,921
$77,147 – $121,550
Low price range market time
5 days
5 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
1,625 SF
500 SF
Mid price range
$114,922 – $192,420
$121,551 – $215,475
Mid price range market time
14 days
50 days
Mid price range units sold
3
6
Mid price range bedrooms
3.7
4.3
Mid price range bathrooms
2.3
2
Mid price range approx sqft
1,677 SF
1,412 SF
High price range
$192,421 – $230,000
$215,476 – $265,000
High price range market time
13 days
95 days
High price range units sold
2
1
High price range bedrooms
5
5
High price range bathrooms
2.6
3
High price range approxsqft
1,055 SF
1,589 SF

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

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