Oakland Neighborhood Chicago Real Estate Market Update March 2019


Real Estate In Oakland, Chicago is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.57 months supply of inventory on the market in Oakland, Chicago on March 31, 2019.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Oakland, Chicago last month was 47 days. It took on average 51 days to sell Oakland, Chicago Condo, Townhouse or a Duplex.
The number of home sales in Oakland, Chicago from February 1, 2019 through February 28, 2019 was 5 units. That is 1% above the number of homes sold last month in Oakland, Chicago.
The average price per square foot in the area is now $158/Sq.Ft, which is 67% an increase from last month.


In Oakland, Chicago there were 2 units sold in February in the price range between $215,000 – $275,490 with an average of 2.5 bedrooms and 2 bathrooms and average Square footage of 0SF.

In Oakland, Chicago there were 2 units sold in February in the price range between $275,491 – $390,489 with an average of 4 bedrooms and 3 bathrooms and average Square footage of 3,851SF.

In Oakland, Chicago there were 1 units sold in February in the price range between $390,490 – $445,000 with an average of 4 bedrooms and 3.1 bathrooms and average Square footage of 2,500SF.

The low price range had the most activity. Homes up to $275,490 were on the market on average 51 days and sold an average of $242,450.

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 Oakland, Chicago. Search all Oakland, Chicago homes for Sale on propertyup.com If you are considering viewing Oakland, 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
$361,191
$364,973
Median Sales Price
$237,500
$335,980
Month supply of inventory
6.4
5.6
Market Time Detached
0 days
47 days
Market Time Attached
50 days
51 days
Inventory
29 properties
28 properties
Low price range
$229,000 – $233,250
$215,000 – $275,490
Low price range market time
69 days
51 days
Low price range units sold
0
2
Low price range bedrooms
2
2.5
Low price range bathrooms
2
2
Low price range approx sqft
1,300 SF
0 SF
Mid price range
$233,251 – $241,749
$275,491 – $390,489
Mid price range market time
0 days
53 days
Mid price range units sold
0
2
Mid price range bedrooms
0
4
Mid price range bathrooms
0
3
Mid price range approx sqft
0 SF
3,851 SF
High price range
$241,750 – $246,000
$390,490 – $445,000
High price range market time
31 days
37 days
High price range units sold
1
1
High price range bedrooms
3
4
High price range bathrooms
2
3.1
High price range approxsqft
0 SF
2,500 SF

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

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