Lower West Side Neighborhood Chicago Real Estate Market Update February 2019


Real Estate In Lower West Side, Chicago is a sellers’ market with low inventory of homes in Lower West Side, Chicago and a lot of buyer interest. There is a 4.95 months supply of inventory on the market in Lower West Side, Chicago on February 28, 2019.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Lower West Side, Chicago last month was 14 days. It took on average 57 days to sell Lower West Side, Chicago Condo, Townhouse or a Duplex.
The number of home sales in Lower West Side, Chicago from January 1, 2019 through January 31, 2019 was 10 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 $217/Sq.Ft, which is 10% a decline from last month.


In Lower West Side, Chicago there were 3 units sold in January in the price range between $196,500 – $287,400 with an average of 2 bedrooms and 1.7 bathrooms and average Square footage of 1,071SF.

In Lower West Side, Chicago there were 5 units sold in January in the price range between $287,401 – $478,649 with an average of 2.4 bedrooms and 2 bathrooms and average Square footage of 1,480SF.

In Lower West Side, Chicago there were 2 units sold in January in the price range between $478,650 – $579,000 with an average of 3.5 bedrooms and 2.6 bathrooms and average Square footage of 2,725SF.

The low price range had the most activity. Homes up to $287,400 were on the market on average 76 days and sold an average of $225,466.

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
Dec 1, 2018 – Dec 31, 2018
Jan 1, 2019 – Jan 31, 2019
Month
December
January
Average Listing Price
$386,456
$384,544
Median Sales Price
$416,288
$378,300
Month supply of inventory
5.4
4.9
Market Time Detached
40 days
14 days
Market Time Attached
76 days
57 days
Inventory
100 properties
90 properties
Low price range
$176,500 – $296,394
$196,500 – $287,400
Low price range market time
117 days
76 days
Low price range units sold
0
3
Low price range bedrooms
2
2
Low price range bathrooms
1.5
1.7
Low price range approx sqft
966 SF
1,071 SF
Mid price range
$296,395 – $620,143
$287,401 – $478,649
Mid price range market time
44 days
53 days
Mid price range units sold
6
5
Mid price range bedrooms
3.2
2.4
Mid price range bathrooms
2.2
2
Mid price range approx sqft
1,942 SF
1,480 SF
High price range
$620,144 – $823,999
$478,650 – $579,000
High price range market time
83 days
18 days
High price range units sold
1
2
High price range bedrooms
4
3.5
High price range bathrooms
3.1
2.6
High price range approxsqft
3,150 SF
2,725 SF

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source https://realestatevibe.com/lower-west-side-neighborhood-chicago-real-estate-market-update-February-2019/

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