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

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Data provided by Midwest Real Estate Data LLC • Current as of July 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 -16.2% +69.8% -74.0%
New Listings Closed Sales Inventory of Homes

Month of June 2012

Traditional Condo 6-2011 6-2012 +/- 
New 60 66 -9.1%
Under Contract 20 32 +60.0%
Closed Sales 28 47 +67.9%
Median Sales Price $334,125 $348,000 +4.2%
Average Sales Price $426,777 $375,736 -12.0%
Percent of Original List Price Received 93.4% 97.4% +4.3%
Average Market Time 194 84 -56.7%
Months Supply of Inventory 32.9 7.4 -77.7%

Trailing 12 Mos.

Traditional Condo 6-2011 6-2012 +/-
New 842 575 -31.7%
Under Contract 275 287 +4.4%
Closed Sales 322 262 -18.6%
Median Sales Price $333,682 $337,500 +1.1%
Average Sales Price $383,489 $396,240 +3.3%
Percent of Original List Price Received 97.3% 94.9% -2.5%
Average Market Time 169 144 -14.5%
Months Supply of Inventory 30.3 27.4 -9.5%

Top Month of June 2012

Short Sale Condo 6-2011 6-2012 +/-
New 23 14 -39.1%
Under Contract 5 22 +340.0%
Closed Sales 5 15 +200.0%
Median Sales Price $185,000 $175,000 -5.4%
Average Sales Price $237,460 $176,616 -25.6%
Percent of Original List Price Received 93.1% 90.8% -2.5%
Average Market Time 137 208 +51.6%
Months Supply of Inventory 19.5 2.5 -86.9%

Trailing 12 Mos.

Short Sale Condo 6-2011 6-2012 +/-
New 209 218 +4.3%
Under Contract 74 189 +155.4%
Closed Sales 59 126 +113.6%
Median Sales Price $195,000 $192,500 -1.3%
Average Sales Price $240,931 $219,927 -8.7%
Percent of Original List Price Received 87.1% 86.8% -0.4%
Average Market Time 238 197 -17.4%
Months Supply of Inventory 24.7 10.1 -58.9%

Top Month of June 2012

Bank Owned Condo 6-2011 6-2012 +/-
New 10 13 +30.0%
Under Contract 8 8 0.0%
Closed Sales 8 11 +37.5%
Median Sales Price $141,000 $162,000 +14.9%
Average Sales Price $184,263 $186,674 +1.3%
Percent of Original List Price Received 92.3% 103.4% +12.1%
Average Market Time 181 94 -48.2%
Months Supply of Inventory 3.9 2.3 -40.8%

Trailing 12 Mos.

Bank Owned Condo 6-2011 6-2012 +/-
New 105 112 +6.7%
Under Contract 68 94 +38.2%
Closed Sales 66 96 +45.5%
Median Sales Price $178,000 $179,250 +0.7%
Average Sales Price $194,438 $205,411 +5.6%
Percent of Original List Price Received 91.0% 92.5% +1.7%
Average Market Time 156 129 -17.8%
Months Supply of Inventory 5.4 3.2 -40.3%

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


Top Month of June 2012

Traditional House 6-2011 6-2012 +/-
New 6 1 -83.3%
Under Contract 0 1 0.0%
Closed Sales 2 1 -50.0%
Median Sales Price $845,000 $838,000 -0.8%
Average Sales Price $870,833 $1,101,750 +26.5%
Percent of Original List Price Received 89.0% 91.3% +2.6%
Average Market Time 136 95 -30.1%
Months Supply of Inventory 3 2 -33.3%

Trailing 12 Mos

Traditional House 6-2011 6-2012 +/-
New 16 18 +12.5%
Under Contract 5 9 +80.0%
Closed Sales 6 6 0.0%
Median Sales Price $756,250 $861,500 +13.9%
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 62 -54.5%
Months Supply of Inventory 2.9 4.1 +42.2%

Top Month of June 2012

Short Sale House 6-2011 6-2012 +/-
NO DATA

Trailing 12 Mos.

Short Sale House 6-2011 6-2012 +/-
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%
Months Supply of Inventory 0 0 0%

Top Month of June 2012

Bank Owned House 6-2011 6-2012 +/-
NO DATA

Trailing 12 Mos.

Bank Owned House 6-2011 5-2012 +/-
NO DATA

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

Top 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.

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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 -9.3% +16.3% -51.5%
New Listings Closed Sales Inventory of Homes

Month of June 2012

Traditional Condo 6-2011 6-2012 +/-
New 107 98 -8.4%
Under Contract 60 62 +3.3%
Closed Sales 56 69 +23.2%
Median Sales Price $300,500 $307,500 +2.3%
Average Sales Price $324,105 $342,799 +5.8%
Percent of Original List Price Received 95.4% 95.8% +0.4%
Average Market Time 146 128 -12.1%
Months Supply of Inventory 11.7 5.2 -55.8%

Trailing 12 Mos.

Traditional Condo 6-2011 6-2012 +/-
New 1,438 1,004 -30.2%
Under Contract 453 528 +16.6%
Closed Sales 411 514 +25.1%
Median Sales Price $300,000 $300,000 0.0%
Average Sales Price $330,919 $332,602 +0.5%
Percent of Original List Price Received 94.9% 95.3% +0.4%
Average Market Time 146 129 -11.6%
Months Supply of Inventory 12.7 7.4 -41.8%

Top Month of June 2012

Short Sale Condo 6-2011 6-2012 +/-
New 24 16 -33.3%
Under Contract 15 30 +100.0%
Closed Sales 7 12 +71.4%
Median Sales Price $210,000 $132,750 -36.8%
Average Sales Price $188,843 $147,043 -22.1%
Percent of Original List Price Received 93.4% 77.1% -17.5%
Average Market Time 170 244 +43.8%
Months Supply of Inventory 20.3 3.3 -84.0%

Trailing 12 Mos.

Short Sale Condo 6-2011 6-2012 +/-
New 309 297 -3.9%
Under Contract 98 236 +140.8%
Closed Sales 79 147 +86.1%
Median Sales Price $219,000 $165,000 -24.7%
Average Sales Price $222,046 $183,336 -17.4%
Percent of Original List Price Received 83.4% 85.7% +2.8%
Average Market Time 209 202 -3.3%
Months Supply of Inventory 25.4 10.9 -57.2%

Top Month of June 2012

Bank Owned Condo 6-2011 6-2012 +/-
New 14 13 -7.1%
Under Contract 9 18 +100.0%
Closed Sales 14 14 0.0%
Median Sales Price $119,000 $141,000 +18.5%
Average Sales Price $178,132 $164,270 -7.8%
Percent of Original List Price Received 93.4% 91.1% -2.5%
Average Market Time 153 131 -14.2%
Months Supply of Inventory 6.9 2.1 -70.2%

Trailing 12 Mos.

Bank Owned Condo 6-2011 6-2012 +/-
New 163 186 +14.1%
Under Contract 92 169 +83.7%
Closed Sales 82 165 +101.2%
Median Sales Price $149,000 $154,750 +3.9%
Average Sales Price $186,993 $160,189 -14.3%
Percent of Original List Price Received 88.3% 88.1% -0.2%
Average Market Time 136 139 +1.9%
Months Supply of Inventory 7.1 4.1 -42.4%

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

Top Month of June 2012

Traditional House 6-2011 6-2012 +/-
New 4 6 +50.0%
Under Contract 0 0 0.0%
Closed Sales 0 0 0.0%
Median Sales Price $0 $0 0.0%
Average Sales Price $0 $0 0.0%
Percent of Original List Price Received 0.0% 0.0% 0.0%
Average Market Time 38 0 -100%
Months Supply of Inventory 13.6 11.4 -16.4%

Trailing 12 Mos.

Traditional House 6-2011 6-2012 +/-
New 46 39 -15.2%
Under Contract 10 8 -20.0%
Closed Sales 13 6 -53.8%
Median Sales Price $299,000 $751,250 +151.3%
Average Sales Price $496,663 $739,583 +48.9%
Percent of Original List Price Received 87.3% 87.8% +0.5%
Average Market Time 146 136 -7.3%
Months Supply of Inventory 10.6 12.7 +19.9%

Top Month of June 2012

Short Sale House 6-2011 6-2012 +/-
New 1 2 +100.0%
Under Contract 0 0 0.0%
Closed Sales 1 0 -100.0%
Median Sales Price $185,000 $0 -100.0%
Average Sales Price $185,000 $0 -100.0%
Percent of Original List Price Received 0.0% 0.0% 0.0%
Average Market Time 0 0 0%
Months Supply of Inventory 9.0 4.0 -55.6%

Trailing 12 Mos.

Short Sale House 6-2011 6-2012 +/-
New 19 13 -31.6%
Under Contract 4 2 -50.0%
Closed Sales 3 2 -33.3%
Median Sales Price $185,000 $119,000 -35.7%
Average Sales Price $169,333 $119,000 -29.7%
Percent of Original List Price Received 65.7% 102.9% +56.7%
Average Market Time 169 73 -56.8%
Months Supply of Inventory 11.2 7.7 -31.3%

Top Month of June 2012

Bank Owned House 6-2011 6-2012 +/-
New 0 1 0.0%
Under Contract 1 2 +100.0%
Closed Sales 2 0 -100.0%
Median Sales Price $136,000 $0 -100.0%
Average Sales Price $136,000 $0 -100.0%
Percent of Original List Price Received 93.5% 0.0% -100.0%
Average Market Time 0 101 0%
Months Supply of Inventory 1.3 0.6 -52.3%

Trailing 12 Mos.

Bank Owned House 6-2011 6-2012 +/-
New 10 14 +40.0%
Under Contract 9 11 +22.2%
Closed Sales 8 9 +12.5%
Median Sales Price $63,000 $85,000 +34.9%
Average Sales Price $179,363 $232,805 +29.8%
Percent of Original List Price Received 92.6% 95.6% +3.3%
Average Market Time 132 141 +7.0%
Months Supply of Inventory 1.1 1.4 +31.0%

Top


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

Top Chicago Loop Real Estate Market Trends Loop (Area 8032: Including Printer’s Row) Search for condos in the Loop.

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Condo Traditional Short Sale Bank Owned Change in Median Price
% Change All Properties -13.7% +27.3% -47.2%
New Listings Closed Sales Inventory of Homes

Month of June 2012

Traditional Condo 6-2011 6-2012 +/-
New 126 108 -14.3%
Under Contract 44 66 +50.0%
Closed Sales 45 63 +40.0%
Median Sales Price $345,000 $407,500 +18.1%
Average Sales Price $502,748 $540,587 +7.5%
Percent of Original List Price Received 95.6% 94.0% -1.7%
Average Market Time 122 170 +39.3%
Months Supply of Inventory 13.0 6.7 -48.3%

Trailing 12 Mos.

Traditional Condo 6-2011 6-2012 +/-
New 1,205 1,110 -7.9%
Under Contract 453 536 +18.3%
Closed Sales 486 479 -1.4%
Median Sales Price $401,985 $355,000 -11.7%
Average Sales Price $556,859 $494,783 -11.1%
Percent of Original List Price Received 95.4% 93.8% -1.8%
Average Market Time 130 146 +12.4%
Months Supply of Inventory 12.5 9.5 -23.4%

Top Month of June 2012

Short Sale Condo 6-2011 6-2012 +/-
New 13 9 -30.8%
Under Contract 5 9 +80.0%
Closed Sales 15 14 -6.7%
Median Sales Price $205,000 $157,500 -23.2%
Average Sales Price $2220,200 $248,921 +13.0%
Percent of Original List Price Received 88.6% 86.0% -3.0%
Average Market Time 197 180 -8.7%
Months Supply of Inventory 13.4 2.1 -84.5%

Trailing 12 Mos.

Short Sale Condo 6-2011 6-2012 +/-
New 205 127 -38.0%
Under Contract 92 127 +38.0%
Closed Sales 89 100 +12.4%
Median Sales Price $200,000 $162,422 -18.8%
Average Sales Price $225,686 $194,562 -13.8%
Percent of Original List Price Received 86.3% 83.9% -2.8%
Average Market Time 211 200 -5.3%
Months Supply of Inventory 18.7 7.2 -61.4%

Top Month of June 2012

Bank Owned Condo 6-2011 6-2012 +/-
New 7 9 +28.6%
Under Contract 5 8 +60.0%
Closed Sales 6 8 +33.3%
Median Sales Price $153,500 $229,500 +49.5%
Average Sales Price $153,233 $242,300 +58.1%
Percent of Original List Price Received 89.9% 94.3% +4.8%
Average Market Time 92 149 +61.5%
Months Supply of Inventory 5.1 1.0 -81.1%

Trailing 12 Mos.

Bank Owned Condo 6-2011 6-2012 +/-
New 88 93 +5.7%
Under Contract 57 88 +54.4%
Closed Sales 51 89 +74.5%
Median Sales Price $136,000 $165,000 +21.3%
Average Sales Price $170,741 $191,511 +12.2%
Percent of Original List Price Received 87.1% 92.7% +6.4%
Average Market Time 175 134 -23.5%
Months Supply of Inventory 5.6 2.5 -54.7%

Top


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

Top 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.

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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 -27.6% +11.1% -39.4%
New Listings Closed Sales Inventory of Homes

Month of June 2012

Traditional Condo 6-2011 6-2012 +/-
New 328 236 -28.0%
Under Contract 153 195 +28.1%
Closed Sales 171 203 +18.7%
Median Sales Price $377,500 $367,000 +2.8%
Average Sales Price $510,501 $565,418 +10.8%
Percent of Original List Price Received 93.3% 94.5% +1.2%
Average Market Time 155 126 -18.9%
Months Supply of Inventory 13.4 6.9 -48.4%

Trailing 12 Mos.

Traditional Condo 6-2011 6-2012 +/-
New 4,076 3,222 -21.0%
Under Contract 1,453 1,758 +21.0%
Closed Sales 1,449 1,652 +14.0%
Median Sales Price $400,000 $360,000 -10%
Average Sales Price $617,357 $550,258 -10.9%
Percent of Original List Price Received 92.9% 92.6% -0.3%
Average Market Time 163 158 +2.9%
Months Supply of Inventory 14.4 9.6 -33.1%

Top Month of June 2012

Short Sale Condo 6-2011 6-2012 +/-
New 33 17 -48.5%
Under Contract 14 20 +42.9%
Closed Sales 19 17 -10.5%
Median Sales Price $214,000 $188,000 -12.1%
Average Sales Price $260,632 $195,591 -25.0%
Percent of Original List Price Received 80.1% 88.5% +10.5%
Average Market Time 236 174 -26.1%
Months Supply of Inventory 9.8 2.9 -70.1%

Trailing 12 Mos.

Short Sale Condo 6-2011 6-2012 +/-
New 403 288 -28.5%
Under Contract 204 233 +14.2%
Closed Sales 214 201 -6.1%
Median Sales Price $199,500 $200,000 +0.3%
Average Sales Price $265,181 $253,985 -4.2%
Percent of Original List Price Received 86.8% 90.1% +3.8%
Average Market Time 200 188 -6.3%
Months Supply of Inventory 10.8 6.8 -36.9%

Top Month of June 2012

Bank Owned Condo 6-2011 6-2012 +/-
New 21 25 +19.0%
Under Contract 18 16 -11.1%
Closed Sales 15 12 +20.0%
Median Sales Price $190,000 $229,000 +20.5%
Average Sales Price $326,378 $254,942 +21.9%
Percent of Original List Price Received 88.6% 97.2% +9.6%
Average Market Time 144 83 -42.6%
Months Supply of Inventory 2.7 2.3 -15.5%

Trailing 12 Mos.

Bank Owned Condo 6-2011 6-2012 +/-
New 228 236 +3.5%
Under Contract 162 197 +21.6%
Closed Sales 157 192 +22.3
Median Sales Price $179,900 $195,000 +8.4%
Average Sales Price $267,395 $246,255 -7.9%
Percent of Original List Price Received 92.3% 93.4% +1.2%
Average Market Time 86 98 +13.8%
Months Supply of Inventory 3.5 2.8 -18.2%

Top


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

Top Month of June 2012

Traditional House 6-2011 6-2012 +/-
New 8 5 -37.5%
Under Contract 2 3 +50.0%
Closed Sales 3 0 -100.0%
Median Sales Price $1,650,000 $0 -100.0%
Average Sales Price $2,450,000 $0 -100.0%
Percent of Original List Price Received 89.7% 0.0% -100.0%
Average Market Time 231 0 -100.0%
Months Supply of Inventory 21.0 22.5 +7.1%

Trailing 12 Mos.

Traditional House 6-2011 6-2012 +/-
New 80 70 -12.5%
Under Contract 20 16 -20.0%
Closed Sales 18 15 +16.7%
Median Sales Price $2,100,000 $1,650,000 -21.4%
Average Sales Price $2,730,174 $2,433,067 -10.9%
Percent of Original List Price Received 82.6% 90.6% +9.7%
Average Market Time 351 152 -56.6%
Months Supply of Inventory 28.6 17.7 -38.3%

Top Month of June 2012

Short Sale House 6-2011 6-2012 +/-
New 1 1 0.0%
Under Contract 0 1 0.0%
Closed Sales 1 2 +100.0%
Median Sales Price $775,000 $1,665,000 +114.8%
Average Sales Price $775,000 $1,665,000 +114.8%
Percent of Original List Price Received 88.6% 83.0% -6.2%
Average Market Time 79 324 +310.1%
Months Supply of Inventory 4.0 1.6 -60.0%

Trailing 12 Mos.

Short Sale House 6-2011 6-2012 +/-
New 5 7 +40.0%
Under Contract 1 5 +400.0%
Closed Sales 1 2 +100.0%
Median Sales Price $775,000 $1,665,000 +114.8%
Average Sales Price $775,000 $1,665,000 +114.8%
Percent of Original List Price Received 88.6% 83.0% -6.2%
Average Market Time 79 324 +310.1%
Months Supply of Inventory 0.0 0.0 N/A

Top Month of June 2012

Bank Owned House 6-2011 6-2012 +/-
New 0 0 0.0%
Under Contract 0 0 0.0%
Closed Sales 0 1 0.0%
Median Sales Price $0 $2,575,000 0.0%
Average Sales Price $0 $2,575,000 0.0%
Percent of Original List Price Received 0.0% 85.9% 0.0%
Average Market Time 0 0 0.0%
Months Supply of Inventory 3.0 2.0 -33.3%

Trailing 12 Mos.

Bank Owned House 6-2011 6-2012 +/-
New 6 4 -33.3%
Under Contract 2 3 +50.0%
Closed Sales 3 3 0.0%
Median Sales Price $1,575,000 $595,000 -62.2%
Average Sales Price $1,293,333 $1,221,667 -5.5%
Percent of Original List Price Received 82.0% 87.0% +6.1%
Average Market Time 165 366 +122%
Months Supply of Inventory 3.5 2.6 -26.2%

Top


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

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