Gage Park Neighborhood Chicago Real Estate Market Update March 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 3.33 months supply of inventory on the market in Gage Park, Chicago on March 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 62 days.
The number of home sales in Gage Park, Chicago from February 1, 2019 through February 28, 2019 was 6 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 $122/Sq.Ft, which is 24% an increase from last month.


In Gage Park, Chicago there were 1 units sold in February in the price range between $158,000 – $177,583 with an average of 2 bedrooms and 1 bathrooms and average Square footage of 1,034SF.

In Gage Park, Chicago there were 4 units sold in February in the price range between $177,584 – $211,082 with an average of 4.5 bedrooms and 1.8 bathrooms and average Square footage of 2,087SF.

In Gage Park, Chicago there were 1 units sold in February in the price range between $211,083 – $225,000 with an average of 7 bedrooms and 3.1 bathrooms and average Square footage of 1,150SF.

The middle price range had the most activity. Homes up to $211,082 were on the market on average 85 days and sold an average of $200,000.

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
Jan 1, 2019 – Jan 31, 2019
Feb 1, 2019 – Feb 28, 2019
Month
January
February
Average Listing Price
$193,162
$200,225
Median Sales Price
$167,513
$197,166
Month supply of inventory
4
3.3
Market Time Detached
49 days
62 days
Market Time Attached
0 days
0 days
Inventory
56 properties
49 properties
Low price range
$77,147 – $122,330
$158,000 – $177,583
Low price range market time
5 days
5 days
Low price range units sold
0
1
Low price range bedrooms
2
2
Low price range bathrooms
1
1
Low price range approx sqft
500 SF
1,034 SF
Mid price range
$122,331 – $216,256
$177,584 – $211,082
Mid price range market time
49 days
85 days
Mid price range units sold
7
4
Mid price range bedrooms
4.4
4.5
Mid price range bathrooms
2.2
1.8
Mid price range approx sqft
1,488 SF
2,087 SF
High price range
$216,257 – $265,000
$211,083 – $225,000
High price range market time
95 days
29 days
High price range units sold
1
1
High price range bedrooms
5
7
High price range bathrooms
3
3.1
High price range approxsqft
1,589 SF
1,150 SF

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

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