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SINGLE FAMILY & ATTACHED REAL ESTATE TRENDS FOR THE MONTH OF
MAY, 2012 IN DOWNTOWN CHICAGO

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Data provided by Midwest Real Estate Data LLC • Current as of June 14, 2012



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Near South Side Near West Side Loop Near North Side

Chicago South Loop Dearborn ParkNear South Side

(Area 8033: Includes Dearborn Park, Museum Park and the South Loop)

Search for condos (including townhomes) and houses in the Near South Side

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Condo Traditional Short Sale Bank Owned Change in Median Price
House Traditional Short Sale Bank Owned Change in Median Price
% Change All Properties -28.3% +15.2% -30.9%
New Listings Closed Sales Inventory of Homes


Month of May 2012

Traditional Condo 5-2011 5-2012 +/- 
New 64 49 -23.4%
Under Contract 27 42 +55.6%
Closed Sales 32 25 -21.9%
Median Sales Price $312,500 $310,000 -0.8%
Average Sales Price $313,044 $400,316 +27.9%
Percent of Original List Price Received 94.1% 96.2% +2.3%
Average Market Time 166 153 -7.4%
Inventory of Homes for Sale at Month End 772 570 -26.2%

Trailing 12 Mos.

Traditional Condo 5-2011 5-2012 +/-
New 885 584 -34%
Under Contract 283 286 +1.1%
Closed Sales 352 243 -31%
Median Sales Price $335,000 $330,000 -1.5%
Average Sales Price $385,445 $403,724 +4.5%
Percent of Original List Price Received 97.5% 94.2% -3.4%
Average Market Time 162 162 -0.1%
Inventory of Homes for Sale at Month End 941 627 -33.4%

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Month of May 2012

Short Sale Condo 5-2011 5-2012 +/-
New 17.9 3.1 -82.9%
Under Contract 11 14 +27.3%
Closed Sales 8 13 +62.5%
Median Sales Price $292,500 $210,000 -28.2%
Average Sales Price $292,750 $227,808 -22.2%
Percent of Original List Price Received 91.1% 87% -4.5%
Average Market Time 200 170 -14.7%
Inventory of Homes for Sale at Month End 115 46 -60%

Trailing 12 Mos.

Short Sale Condo 5-2011 5-2012 +/-
New 205 226 +10.2%
Under Contract 77 180 +133.8%
Closed Sales 62 116 +87.1%
Median Sales Price $200,500 $199,000 -0.7%
Average Sales Price $235,494 $226,283 -3.9%
Percent of Original List Price Received 86.3% 86.6% +0.3%
Average Market Time 240 193 -19.7%
Inventory of Homes for Sale at Month End 133 99 -12.1%

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Month of May 2012

Bank Owned Condo 5-2011 5-2012 +/-
New 10 7 -30%
Under Contract 3 5 +66.7%
Closed Sales 6 14 +133.3%
Median Sales Price $161,500 $178,500 +10.5%
Average Sales Price $212,238 $221,093 +4.2%
Percent of Original List Price Received 101.6% 92.4% -9.1%
Average Market Time 148 54 -63.7%
Inventory of Homes for Sale at Month End 26 14 -46.2%

Trailing 12 Mos.

Bank Owned Condo 5-2011 5-2012 +/-
New 101 107 +5.9%
Under Contract 63 92 +46%
Closed Sales 63 93 +47.6%
Median Sales Price $179,000 $176,500 -1.4%
Average Sales Price $201,061 $205,807 +2.4%
Percent of Original List Price Received 90.8% 91.2% +0.5%
Average Market Time 154 137 -10.9%
Inventory of Homes for Sale at Month End 26 21 -19.9%

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Change in Median Sales Price from Prior Year (6-Month Average)

Chicago South Loop Dearborn Park Real Estate Market Trends

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Month of May 2012

Traditional House 5-2011 5-2012 +/-
New 0 1 0%
Under Contract 1 2 +100%
Closed Sales 0 1 0%
Median Sales Price $0 $1,725,000 0%
Average Sales Price $0 $1,725,000 0%
Percent of Original List Price Received 0% 90.8% 0%
Average Market Time 0 1 0%
Inventory of Homes for Sale at Month End 2 3 +50%

Trailing 12 Mos.

Traditional House 5-2011 5-2012 +/-
New 11 23 +109.1%
Under Contract 5 8 +60%
Closed Sales 4 7 +75%
Median Sales Price $741,250 $885,000 +19.4%
Average Sales Price $883,750 $1,066,071 +20.6%
Percent of Original List Price Received 88.2% 90.8% +2.9%
Average Market Time 137 79 -42.6%
Inventory of Homes for Sale at Month End 4 4 +18.2%

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Month of May 2012

Short Sale House 5-2011 5-2012 +/-
NO DATA

Trailing 12 Mos.

Short Sale House 5-2011 5-2012 +/-
New 2 1 -50%
Under Contract 0 0 0%
Closed Sales 0 0 0%
Median Sales Price $0 $0 0%
Average Sales Price $0 $0 0%
Percent of Original List Price Received 0% 0% 0%
Average Market Time 0 0 0%
Inventory of Homes for Sale at Month End 0 0 0%

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Month of May 2012

Bank Owned House 5-2011 5-2012 +/-
NO DATA

Trailing 12 Mos.

Bank Owned House 5-2011 5-2012 +/-
NO DATA

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Change in Median Sales Price from Prior Year (6-Month Average)

Chicago South Loop Dearborn Park Real Estate Market Trends

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West Loop Medical Center Pilsen University Village Chicago Real Estate Market Trends


Near West Side

(Area 8028: Includes Medical Center, Pilsen, and University Village)

Search for condos (including townhomes) and houses in the Near West Side

Click to jump to the data of your interest.

Condo Traditional Short Sale Bank Owned Change in Median Price
House Traditional Short Sale Bank Owned Change in Median Price
% Change All Properties -35.6% +31.3% -54.8%
New Listings Closed Sales Inventory of Homes


Month of May 2012

Traditional Condo 5-2011 5-2012 +/-
New 124 77 -37.9%
Under Contract 53 62 +17%
Closed Sales 48 51 +6.3%
Median Sales Price $272,250 $299,900 +10.2%
Average Sales Price $295,175 $311,661 +5.6%
Percent of Original List Price Received 94.4% 97.5% +3.2%
Average Market Time 158 106 -33%
Inventory of Homes for Sale at Month End 488 227 -53.5%

Trailing 12 Mos.

Traditional Condo 5-2011 5-2012 +/-
New 1,496 1,020 -31.8%
Under Contract 419 533 +27.2%
Closed Sales 436 507 +14.9%
Median Sales Price $300,000 $300,000 0%
Average Sales Price $328,273 $330,248 +0.6%
Percent of Original List Price Received 95.2% 95.2% 0%
Average Market Time 148 131 -11.2%
Inventory of Homes for Sale at Month End 564 322 -42.9%

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Month of May 2012

Short Sale Condo 5-2011 5-2012 +/-
New 35 28 -20%
Under Contract 11 36 +227.3%
Closed Sales 10 14 +40%
Median Sales Price $164,500 $107,450 -34.7%
Average Sales Price $180,700 $135,850 -24.8%
Percent of Original List Price Received 81.4% 86.4% +6.1%
Average Market Time 301 170 -43.6%
Inventory of Homes for Sale at Month End 173 66 -61.8%

Trailing 12 Mos.

Short Sale Condo 5-2011 5-2012 +/-
New 307 304 -1%
Under Contract 84 242 +188.1%
Closed Sales 78 142 +82.1%
Median Sales Price $211,500 $171,000 -19.1%
Average Sales Price $222,278 $186,675 -16%
Percent of Original List Price Received 82.1% 86.9% +5.8%
Average Market Time 215 197 -8.2%
Inventory of Homes for Sale at Month End 46 44 -5.1%

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Month of May 2012

Bank Owned Condo 5-2011 5-2012 +/-
New 23 13 -43.5%
Under Contract 17 13 -23.5%
Closed Sales 5 18 +260%
Median Sales Price $280,000 $153,550 -45.2%
Average Sales Price $259,600 $159,547 -38.5%
Percent of Original List Price Received 81.9% 88.5% +8%
Average Market Time 258 111 -57%
Inventory of Homes for Sale at Month End 55 28 -49.1%

Trailing 12 Mos.

Bank Owned Condo 5-2011 5-2012 +/-
New 160 181 +13.1%
Under Contract 86 161 +87.2%
Closed Sales 76 165 +117.1%
Median Sales Price $152,500 $149,000 -2.3%
Average Sales Price $186,993 $160,189 -14.3%
Percent of Original List Price Received 88.1% 88.3% +0.3%
Average Market Time 131 140 +7.5%
Inventory of Homes for Sale at Month End 46 44 -5.1%

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Change in Median Sales Price from Prior Year (6-Month Average)

West Loop Medical Center Pilsen University Village Chicago Real Estate Market Trends

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Month of May 2012

Traditional House 5-2011 5-2012 +/-
New 5 2 -60%
Under Contract 0 1 0%
Closed Sales 1 0 -100%
Median Sales Price $268,000 $0 -100%
Average Sales Price $268,000 $0 -100%
Percent of Original List Price Received 92.7% 0% -100%
Average Market Time 38 0 -100%
Inventory of Homes for Sale at Month End 16 11 -31.3%

Trailing 12 Mos.

Traditional House 5-2011 5-2012 +/-
New 46 37 -19.6%
Under Contract 11 8 -27.3%
Closed Sales 14 6 -57.1%
Median Sales Price $330,000 $751,250 +127.7%
Average Sales Price $552,689 $739,583 +33.8%
Percent of Original List Price Received 86.2% 87.8% +1.9%
Average Market Time 200 136 -32.1%
Inventory of Homes for Sale at Month End 17 15 -16.7%

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Month of May 2012

Short Sale House 5-2011 5-2012 +/-
New 9 5 -44.4%
Under Contract 0 0 0%
Closed Sales 0 0 0%
Median Sales Price $0 $0 0%
Average Sales Price $0 $0 0%
Percent of Original List Price Received 0% 0% 0%
Average Market Time 0 0 0%
Inventory of Homes for Sale at Month End 9 5 -44.4%

Trailing 12 Mos.

Short Sale House 5-2011 5-2012 +/-
New 21 12 -42.9%
Under Contract 5 3 -40%
Closed Sales 3 3 0%
Median Sales Price $119,000 $180,000 -51.3%
Average Sales Price $147,333 $141.000 -4.3%
Percent of Original List Price Received 61.4% 102.9% +67.5%
Average Market Time 324 99 -69.3%
Inventory of Homes for Sale at Month End 12 8 -33.6%

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Month of May 2012

Bank Owned House 5-2011 5-2012 +/-
New 1 1 0%
Under Contract 2 0 -100%
Closed Sales 0 1 0%
Median Sales Price $0 $99,900 0%
Average Sales Price $0 $99,900 0%
Percent of Original List Price Received 0% 73.5% 0%
Average Market Time 0 101 0%
Inventory of Homes for Sale at Month End 2 2 +50%

Trailing 12 Mos.

Bank Owned House 5-2011 5-2012 +/-
New 12 13 +8.3%
Under Contract 9 10 +11.1%
Closed Sales 7 11 +57.1%
Median Sales Price $47,000 $85,000 +80.9%
Average Sales Price $175,129 $215,204 +22.9%
Percent of Original List Price Received 91.3% 95.2% +4.4%
Average Market Time 182 129 -28.8%
Inventory of Homes for Sale at Month End 2 2 +31.6%

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Change in Median Sales Price from Prior Year (6-Month Average)

West Loop Medical Center Pilsen University Village Chicago Real Estate Market Trends

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Chicago Loop Real Estate Market Trends Loop

(Area 8032: Including Printer’s Row)

Search for condos in the Loop

Condo Traditional Short Sale Bank Owned Change in Median Price
% Change All Properties -29.9% +13% -47.5%
New Listings Closed Sales Inventory of Homes


Month of May 2012

Traditional Condo 5-2011 5-2012 +/-
New 127 97 -23.6%
Under Contract 46 72 +56.5%
Closed Sales 55 61 +10.9%
Median Sales Price $335,000 $363,000 +8.4%
Average Sales Price $431,322 $532,209 +23.4%
Percent of Original List Price Received 93.7% 95% +1.4%
Average Market Time 147 105 -28.6%
Inventory of Homes for Sale at Month End 512 308 -39.8%

Trailing 12 Mos.

Traditional Condo 5-2011 5-2012 +/-
New 589 370 -37.1%
Under Contract 464 522 +12.5%
Closed Sales 517 461 -10.8%
Median Sales Price $400,000 $350,000 -12.5%
Average Sales Price $556,786 $489,351 -12.1%
Percent of Original List Price Received 95.8% 93.9% -1.9%
Average Market Time 126 140 +11.4%
Inventory of Homes for Sale at Month End 589 370 -37.1%

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Month of May 2012

Short Sale Condo 5-2011 5-2012 +/-
New 19 7 -63.2%
Under Contract 6 9 +50%
Closed Sales 11 10 +9.1%
Median Sales Price $185,000 $115,000 -37.8%
Average Sales Price $218,455 $131,240 -39.9%
Percent of Original List Price Received 73.2% 78.9% -7.8%
Average Market Time 256 278 -8.7%
Inventory of Homes for Sale at Month End 103 23 -77.7%

Trailing 12 Mos.

Short Sale Condo 5-2011 5-2012 +/-
New 211 130 -38.4%
Under Contract 93 131 +40.9%
Closed Sales 76 101 +32.9%
Median Sales Price $196,429 $170,000 -13.5%
Average Sales Price $225,198 $190,835 -15.3%
Percent of Original List Price Received 85.7% 84.3% -1.7%
Average Market Time 214 203 -5.2%
Inventory of Homes for Sale at Month End 110 68 -38.5%

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Month of May 2012

Bank Owned Condo 5-2011 5-2012 +/-
New 8 4 -50%
Under Contract 8 5 -37.5%
Closed Sales 3 7 +133.3%
Median Sales Price $176,000 $175,000 -0.6%
Average Sales Price $158,500 $183,832 +16%
Percent of Original List Price Received 92.5% 99.3% +7.3%
Average Market Time 60 51 -15%
Inventory of Homes for Sale at Month End 25 7 -72%

Trailing 12 Mos.

Bank Owned Condo 5-2011 5-2012 +/-
New 86 90 +4.7%
Under Contract 54 84 +55.6%
Closed Sales 50 87 +74%
Median Sales Price $135,500 $165,000 +21.8%
Average Sales Price $169,849 $184,201 +8.4%
Percent of Original List Price Received 86.1% 92.4% +7.4%
Average Market Time 182 129 -29%
Inventory of Homes for Sale at Month End 22 17 -22.8%

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Change in Median Sales Price from Prior Year (6-Month Average)

Chicago Loop Real Estate Market Trends

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Near North SideChicago Streeterville

(Area 8008: Includes Gold Coast, Goose Island, Magnificent Mile, Old Town, and Streeterville)

Search for condos (including townhomes) and houses in the Near North Side

Condo Traditional Short Sale Bank Owned Change in Median Price
House Traditional Short Sale Bank Owned Change in Median Price
% Change All Properties -3.1% +37.7% -36.4%
New Listings Closed Sales Inventory of Homes


Month of May 2012

Traditional Condo 5-2011 5-2012 +/-
New 353 368 +4.2%
Under Contract 162 232 +43.2%
Closed Sales 152 208 +36.8%
Median Sales Price $370,313 $376,000 +1.5%
Average Sales Price $516,251 $527,598 +2.2%
Percent of Original List Price Received 92.2% 94.1% +2%
Average Market Time 165 150 -9.3%
Inventory of Homes for Sale at Month End 1,676 1,107 -33.9%

Trailing 12 Mos.

Traditional Condo 5-2011 5-2012 +/-
New 4,244 3,321 -21.7%
Under Contract 1,447 1,736 +20%
Closed Sales 1,511 1,615 +6.9%
Median Sales Price $400,000 $360,000 -10%
Average Sales Price $620,981 $543,179 -12.5%
Percent of Original List Price Received 93.1% 92.4% -0.7%
Average Market Time 161 162 +1%
Inventory of Homes for Sale at Month End 1,930 1,306 -32.3%

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Month of May 2012

Short Sale Condo 5-2011 5-2012 +/-
New 38 23 -39.5%
Under Contract 19 17 -10.5%
Closed Sales 20 18 -10%
Median Sales Price $218,000 $233,500 +7.1%
Average Sales Price $248,855 $341,778 +37.3%
Percent of Original List Price Received 92.6% 87.8% -5.2%
Average Market Time 212 207 +2.4%
Inventory of Homes for Sale at Month End 166 59 -64.5%

Trailing 12 Mos.

Short Sale Condo 5-2011 5-2012 +/-
New 407 303 -25.6%
Under Contract 211 239 +13.3%
Closed Sales 215 203 -5.6%
Median Sales Price $199,000 $200,000 +0.5%
Average Sales Price $264,397 $259,497 -1.9%
Percent of Original List Price Received 87.7% 89.2% +1.8%
Average Market Time 199 194 -2.9%
Inventory of Homes for Sale at Month End 194 125 -35.6%

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Month of May 2012

Bank Owned Condo 5-2011 5-2012 +/-
New 13 21 -38.1%
Under Contract 16 20 +25%
Closed Sales 11 25 +127.3
Median Sales Price $206,000 $219,000 +6.3%
Average Sales Price $272,200 $346,886 +27.4%
Percent of Original List Price Received 90.5% 91.3% +0.9%
Average Market Time 126 106 -15.8%
Inventory of Homes for Sale at Month End 42 25 -40.5%

Trailing 12 Mos.

Bank Owned Condo 5-2011 5-2012 +/-
New 231 226 -2.2%
Under Contract 159 200 +25.8%
Closed Sales 154 195 +26.6
Median Sales Price $177,083 $195,000 +10.1%
Average Sales Price $257,279 $251,884 -2.1%
Percent of Original List Price Received 93% 92.8% -0.2%
Average Market Time 86 103 +18.7%
Inventory of Homes for Sale at Month End 46 41 -10.9%

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Change in Median Sales Price from Prior Year (6-Month Average)

Chicago Streeterville Riverwalk Gold Coast Lincoln ParkReal Estate Market Trends

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Month of May 2012

Traditional House 5-2011 5-2012 +/-
New 11 6 -45.5%
Under Contract 3 1 -66.7%
Closed Sales 0 1 0%
Median Sales Price $0 $750,000 0%
Average Sales Price $0 $750,000 0%
Percent of Original List Price Received 0% 93.8% 0%
Average Market Time 0 179 0%
Inventory of Homes for Sale at Month End 44 40 -9.1%

Trailing 12 Mos.

Traditional House 5-2011 5-2012 +/-
New 78 74 -5.1%
Under Contract 19 15 -21.1%
Closed Sales 15 18 +20%
Median Sales Price $2,250,000 $1,650,000 -26.7%
Average Sales Price $2,786,208 $2,435,889 -12.6%
Percent of Original List Price Received 81.2% 90.5% +11.4%
Average Market Time 377 166 -55.9%
Inventory of Homes for Sale at Month End 43 34 -21%

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Month of May 2012

Short Sale House 5-2011 5-2012 +/-
New 0 0 0%
Under Contract 0 2 0%
Closed Sales 0 0 0%
Median Sales Price $0 $0 0%
Average Sales Price $0 $0 0%
Percent of Original List Price Received 0% 0% 0%
Average Market Time 0 0 0%
Inventory of Homes for Sale at Month End 4 1 -75%

Trailing 12 Mos.

Short Sale House 5-2011 5-2012 +/-
New 5 6 +20%
Under Contract 1 3 +200%
Closed Sales 0 1 0%
Median Sales Price $0 $775,000 0%
Average Sales Price $0 $775,000 0%
Percent of Original List Price Received 0% 88.6% 0%
Average Market Time 0 79 0%
Inventory of Homes for Sale at Month End 4 3 -22%

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Month of May 2012

Bank Owned House 5-2011 5-2012 +/-
New 1 1 0%
Under Contract 0 0 0%
Closed Sales 0 0 0%
Median Sales Price $0 $0 0%
Average Sales Price $0 $0 0%
Percent of Original List Price Received 0% 0% 0%
Average Market Time 0 0 0%
Inventory of Homes for Sale at Month End 3 2 -33.3%

Trailing 12 Mos.

Bank Owned House 5-2011 5-2012 +/-
New 7 4 -42.9%
Under Contract 3 3 0%
Closed Sales 3 2 -33.3%
Median Sales Price $1,575,000 $545,000 -65.4%
Average Sales Price $1,293,333 $545,000 -57.9%
Percent of Original List Price Received 82% 87.6% +6.8%
Average Market Time 165 366 +122%
Inventory of Homes for Sale at Month End 4 3 -23.8%

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Change in Median Sales Price from Prior Year (6-Month Average)

Chicago Streeterville Riverwalk Gold Coast Lincoln ParkReal Estate Market Trends

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