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

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Data provided by Midwest Real Estate Data LLC • Current as of August 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 -2.8% +22.5% -75.1%
New Listings Closed Sales Inventory of Homes

 Month of July 2012

Traditional Condo 7-2011 7-2012 +/- 
New 46 50 +8.7%
Under Contract  28  43  +53.6%
Closed Sales 27 23 -14.8%
Median Sales Price $474,305 $376,728 -20.6%
Average Sales Price $426,777 $375,736 -12.0%
Percent of Original List Price Received 92.1% 97.9% +6.3%
Average Market Time 170 86 -49.6%
Months Supply of Inventory 30.8 6.7 -78.4%

Trailing 12 Mos.

Traditional Condo 7-2011 7-2012 +/-
New 806 574 -28.8%
Under Contract 272 294 +8.1%
Closed Sales 321 258 -19.6%
Median Sales Price $335,000 $329,000 -1.8%
Average Sales Price $388,819 $386,331 -0.6%
Percent of Original List Price Received 96.9% 95.5% -1.5%
Average Market Time 168 137 -18.6%
Months Supply of Inventory 30.3 25.5 -16.0%

Top  Month of July 2012

Short Sale Condo 7-2011 7-2012 +/-
New 17 13 -23.5%
Under Contract 10 20 +100.0%
Closed Sales 7 20 +185.7%
Median Sales Price $162,000 $190,000 +17.3%
Average Sales Price $174,714 $230,768 +32.1%
Percent of Original List Price Received 83.6% 87.1% +4.2%
Average Market Time 180 151 -15.9%
Months Supply of Inventory 18.2 2.6 -85.8%

Trailing 12 Mos.

Short Sale Condo 7-2011 7-2012 +/-
New 216 214 -0.9%
Under Contract 79 186 +135.4%
Closed Sales 63 139 +120.6%
Median Sales Price $190,000 $193,000 +1.6%
Average Sales Price $235,444 $223,763 -5.0%
Percent of Original List Price Received 86.6% 87.0% +0.5%
Average Market Time 234 191 -18.2%
Months Supply of Inventory 23.7 9.5 -59.8%

Top  Month of July 2012

Bank Owned Condo 7-2011 7-2012 +/-
New 6 6 0.0%
Under Contract 2 12 +500.0%
Closed Sales 6 5 -16.7%
Median Sales Price $131,000 $160,500 +22.5%
Average Sales Price $124,900 $151,000 +20.9%
Percent of Original List Price Received 98.2% 107.4% +9.4%
Average Market Time 72 46 -35.7%
Months Supply of Inventory 4.2 1.8 -56.2%

Trailing 12 Mos.

Bank Owned Condo 7-2011 7-2012 +/-
New 106 117 +10.4%
Under Contract 69 105 +52.2%
Closed Sales 66 95 +43.9%
Median Sales Price $169,000 $177,500 +5.0%
Average Sales Price $186,908 $207,632 +11.1%
Percent of Original List Price Received 91.2% 93.0% +1.9%
Average Market Time 151 128 -15.3%
Months Supply of Inventory 5.4 3.1 -41.8%

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


Top  Month of July 2012

Traditional House 7-2011 7-2012 +/-
New 2 0 -100.0%
Under Contract 1 0 -100.0%
Closed Sales 0 2 0.0%
Median Sales Price $0 $1,159,500 0.0%
Average Sales Price $0 $1,159,500 0.0%
Percent of Original List Price Received 0.0% 92.4% 0.0%
Average Market Time 0 80 0.0%
Months Supply of Inventory 4 1.9 -53.1%

Trailing 12 Mos

Traditional House 7-2011 7-2012 +/-
New 18 16 -11.1%
Under Contract 6 8 +33.3%
Closed Sales 5 8 +60.0%
Median Sales Price $740,000 $877,000 +18.5%
Average Sales Price $890,500 $1,116,188 +25.3%
Percent of Original List Price Received 88.6% 91.6% +3.4%
Average Market Time 152 67 -56.2%
Months Supply of Inventory 2.8 3.9 +36.6%

Top  Month of July 2012

Short Sale House 7-2011 7-2012 +/-
NO DATA

Trailing 12 Mos.

Short Sale House 7-2011 7-2012 +/-
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 July 2012

Bank Owned House 7-2011 7-2012 +/-
NO DATA

Trailing 12 Mos.

Bank Owned House 7-2011 7-2012 +/-
NO DATA

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

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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.

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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 -33.1% -10.4% -54.2%
New Listings Closed Sales Inventory of Homes

 Month of July 2012

Traditional Condo 7-2011 7-2012 +/-
New 118 79 -33.1%
Under Contract 51 68 +33.3%
Closed Sales 56 41 -26.8%
Median Sales Price $306,500 $300,000 -2.1%
Average Sales Price $336,630 $320,266 -4.9%
Percent of Original List Price Received 95.6% 97.1% +1.6%
Average Market Time 154 143 -7.0%
Months Supply of Inventory 11.1 4.6 -58.6%

Trailing 12 Mos.

Traditional Condo 7-2011 7-2012 +/-
New 1,398 960 -31.3%
Under Contract 464 539 +16.2%
Closed Sales 423 499 +18.0%
Median Sales Price $300,000 $300,000 0.0%
Average Sales Price $329,773 $331,136 +0.4%
Percent of Original List Price Received 94.8% 95.4% +0.6%
Average Market Time 150 128 -15.2%
Months Supply of Inventory 12.6 6.8 -45.9%

Top  Month of July 2012

Short Sale Condo 7-2011 7-2012 +/-
New 27 15 -44.4%
Under Contract 17 21 +23.5%
Closed Sales 5 13 +160.0%
Median Sales Price $145,000 $140,000 -3.4%
Average Sales Price $184,400 $171,858 -6.8%
Percent of Original List Price Received 89.6% 91.2% +1.8%
Average Market Time 212 212 0.0%
Months Supply of Inventory 17.6 3.5 -80.3%

Trailing 12 Mos.

Short Sale Condo 7-2011 7-2012 +/-
New 314 285 -9.2%
Under Contract 112 225 +100.9%
Closed Sales 75 155 +106.7%
Median Sales Price $215,000 $163,500 -24.0%
Average Sales Price $219,595 $182,339 -17.0%
Percent of Original List Price Received 84.0% 86.1% +2.5%
Average Market Time 219 203 -7.5%
Months Supply of Inventory 24.4 10.2 -58.1%

Top  Month of July 2012

Bank Owned Condo 7-2011 7-2012 +/-
New 17 12 -29.4%
Under Contract 13 12 -7.7%
Closed Sales 14 15 +7.1%
Median Sales Price $174,000 $152,000 -12.6%
Average Sales Price $204,691 $163,010 -20.4%
Percent of Original List Price Received 80.6% 93.5% +15.9%
Average Market Time 140 88 -37.3%
Months Supply of Inventory 6.4 1.9 -70.2%

Trailing 12 Mos.

Bank Owned Condo 7-2011 7-2012 +/-
New 167 186 +11.4%
Under Contract 98 171 +74.5%
Closed Sales 89 166 +86.5%
Median Sales Price $152,500 $140,000 -8.2%
Average Sales Price $182,177 $160,726 -11.8%
Percent of Original List Price Received 86.6% 89.3% +3.1%
Average Market Time 143 134 -6.4%
Months Supply of Inventory 7.2 3.8 -47.4%

Top 


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

Top  Month of July 2012

Traditional House 7-2011 7-2012 +/-
New 5 6 +20.0%
Under Contract 1 4 +300.0%
Closed Sales 12 6 -50.0%
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 0 0 0.0%
Months Supply of Inventory 15.2 8.4 -44.7%

Trailing 12 Mos.

Traditional House 7-2011 7-2012 +/-
New 39 40 +2.6%
Under Contract 10 10 0.0%
Closed Sales 13 6 -53.8%
Median Sales Price $268,000 $751,250 +180.3%
Average Sales Price $511,814 $739,583 +44.5%
Percent of Original List Price Received 86.7% 87.8% +1.3%
Average Market Time 153 136 -11.5%
Months Supply of Inventory 10.6 12.3 +16.0%

Top  Month of July 2012

Short Sale House 7-2011 7-2012 +/-
New 1 1 0.0%
Under Contract 0 1 0.0%
Closed Sales 1 0 -100.0%
Median Sales Price $58,000 $0 -100.0%
Average Sales Price $58,000 $0 -100.0%
Percent of Original List Price Received 0.0% 0.0% 0.0%
Average Market Time 145 0 0.0%
Months Supply of Inventory 9.0 4.0 -55.6%

Trailing 12 Mos.

Short Sale House 7-2011 7-2012 +/-
New 14 13 -7.1%
Under Contract 4 2 -50.0%
Closed Sales 4 1 -75.0%
Median Sales Price $144,000 $180,000 +25.0%
Average Sales Price $141,500 $180,000 +27.2%
Percent of Original List Price Received 65.7% 102.9% +56.7%
Average Market Time 163 1 -99.4%
Months Supply of Inventory 11.1 7.8 -30.1%

Top  Month of July 2012

Bank Owned House 7-2011 7-2012 +/-
New 1 1 0.0%
Under Contract 0 0 0.0%
Closed Sales 2 0 -100.0%
Median Sales Price $1,120,000 $0 -100.0%
Average Sales Price $1,120,000 $0 -100.0%
Percent of Original List Price Received 83.0% 0.0% -100.0%
Average Market Time 99 0 0.0%
Months Supply of Inventory 0.7 1.3 +90.9%

Trailing 12 Mos.

Bank Owned House 7-2011 7-2012 +/-
New 11 14 +27.3%
Under Contract 9 11 +22.2%
Closed Sales 9 8 -11.1%
Median Sales Price $79,000 $82,500 +4.4%
Average Sales Price $283,878 $121,906 -57.1%
Percent of Original List Price Received 91.5% 97.2% +6.2%
Average Market Time 128 146 +14.2%
Months Supply of Inventory 1.1 1.4 +34.6%

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 -225.0% +21.4% -46.0%
New Listings Closed Sales Inventory of Homes

 Month of July 2012

Traditional Condo 7-2011 7-2012 +/-
New 109 89 -18.3%
Under Contract 44 62 +40.9%
Closed Sales 42 59 +40.5%
Median Sales Price $356,500 $275,000 -22.9%
Average Sales Price $433,581 $498,758 +13.2%
Percent of Original List Price Received 95.1% 94.9% -0.2%
Average Market Time 157 120 -23.7%
Months Supply of Inventory 13.2 6.2 -53.2%

Trailing 12 Mos.

Traditional Condo 7-2011 7-2012 +/-
New 1,169 1,086 -7.1%
Under Contract 414 547 +32.1%
Closed Sales 430 498 +15.8%
Median Sales Price $380,000 $341,500 -10.1%
Average Sales Price $506,124 $498,726 -1.5%
Percent of Original List Price Received 94.7% 93.8% -1.0%
Average Market Time 141 142 +0.5%
Months Supply of Inventory 12.4 9.0 -27.2%

Top  Month of July 2012

Short Sale Condo 7-2011 7-2012 +/-
New 14 6 -57.1%
Under Contract 12 7 -41.7%
Closed Sales 5 4 -20.0%
Median Sales Price $275,000 $275,000 0.0%
Average Sales Price $246,500 $272,000 +10.3%
Percent of Original List Price Received 79.2% 90.3% +14.1%
Average Market Time 139 82 -40.7%
Months Supply of Inventory 12.6 2.8 -77.5%

Trailing 12 Mos.

Short Sale Condo 7-2011 7-2012 +/-
New 196 120 -38.8%
Under Contract 96 114 +18.8%
Closed Sales 85 99 +16.5%
Median Sales Price $200,000 $158,000 -21.0%
Average Sales Price $226,854 $195,068 -14.0%
Percent of Original List Price Received 85.9% 84.4% -1.8%
Average Market Time 208 198 -4.8%
Months Supply of Inventory 17.7 7.0 -60.5%

Top  Month of July 2012

Bank Owned Condo 7-2011 7-2012 +/-
New 13 7 -46.2%
Under Contract 8 5 -37.5%
Closed Sales 9 7 -22.2%
Median Sales Price $153,500 $229,500 +49.5%
Average Sales Price $129,486 $137,143 +5.9%
Percent of Original List Price Received 91.9% 102.6% +11.7%
Average Market Time 266 31 -88.5%
Months Supply of Inventory 5.0 1.5 -69.4%

Trailing 12 Mos.

Bank Owned Condo 7-2011 7-2012 +/-
New 93 91 -2.2%
Under Contract 63 87 +38.8%
Closed Sales 57 87 +52.6%
Median Sales Price $132,000 $165,000 +25.0%
Average Sales Price $165,836 $193,553 +16.7%
Percent of Original List Price Received 87.5% 93.6% +7.0%
Average Market Time 191 112 -41.5%
Months Supply of Inventory 5.6 2.4 -57.7%

Top 


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

Top


Chicago Streeterville Near North Side (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 -0.6% +20.7% -39.4%
New Listings Closed Sales Inventory of Homes

 Month of July 2012

Traditional Condo 7-2011 7-2012 +/-
New 282 308 +9.2%
Under Contract 146 191 +30.8%
Closed Sales 149 201 +34.9%
Median Sales Price $330,500 $380,000 +15.0%
Average Sales Price $503,395 $620,515 +23.3%
Percent of Original List Price Received 92.7% 94.5% +1.9%
Average Market Time 159 111 -30.4%
Months Supply of Inventory 12.5 6.7 -46.5%

Trailing 12 Mos.

Traditional Condo 7-2011 7-2012 +/-
New 3,940 3,241 -17.7%
Under Contract 1,488 1,799 +20.9%
Closed Sales 1,458 1,708 +17.1%
Median Sales Price $390,000 $365,000 -6.4%
Average Sales Price $606,661 $562,382 -7.3%
Percent of Original List Price Received 92.7% 92.8% +0.2%
Average Market Time 165 153 -7.8%
Months Supply of Inventory 14.2 9.1 -35.3%

Top  Month of July 2012

Short Sale Condo 7-2011 7-2012 +/-
New 37 19 -48.6%
Under Contract 12 20 +66.7%
Closed Sales 17 7 -58.8%
Median Sales Price $230,000 $340,000 +47.8%
Average Sales Price $398,481 $300,000 -24.7%
Percent of Original List Price Received 85.5% 87.6% +2.5%
Average Market Time 217 161 -25.9%
Months Supply of Inventory 11.1 2.5 -77.1%

Trailing 12 Mos.

Short Sale Condo 7-2011 7-2012 +/-
New 407 273 -32.9%
Under Contract 197 232 +17.8%
Closed Sales 204 191 -6.4%
Median Sales Price $200,000 $200,000 0.0%
Average Sales Price $278,684 $242,811 -12.9%
Percent of Original List Price Received 86.4% 90.4% +4.6%
Average Market Time 205 184 -10.2%
Months Supply of Inventory 10.8 6.5 -39.5%

Top  Month of July 2012

Bank Owned Condo 7-2011 7-2012 +/-
New 22 10 -54.5%
Under Contract 12 17 +41.7%
Closed Sales 17 17 0.0%
Median Sales Price $195,000 $160,000 -17.9%
Average Sales Price $214,435 $230,468 +7.5%
Percent of Original List Price Received 97.0% 93.7% -3.4%
Average Market Time 106 84 -20.9%
Months Supply of Inventory 2.9 1.6 -45.0%

Trailing 12 Mos.

Bank Owned Condo 7-2011 7-2012 +/-
New 222 228 +2.7%
Under Contract 159 200 +25.8%
Closed Sales 161 192 +19.3
Median Sales Price $180,000 $195,000 +8.3%
Average Sales Price $267,553 $247,675 -7.4%
Percent of Original List Price Received 92.1% 93.1% +1.1%
Average Market Time 90 96 +6.6%
Months Supply of Inventory 3.4 2.7 -18.2%

Top 


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

Top  Month of July 2012

Traditional House 7-2011 7-2012 +/-
New 4 6 +50.0%
Under Contract 1 2 +100.0%
Closed Sales 1 1 0.0%
Median Sales Price $825,000 $772,500 -6.4%
Average Sales Price $825,000 $772,500 -6.4%
Percent of Original List Price Received 94.3% 96.6% +2.4%
Average Market Time 15 18 +20.0%
Months Supply of Inventory 18.5 21.2 +14.5%

Trailing 12 Mos.

Traditional House 7-2011 7-2012 +/-
New 76 72 -5.3%
Under Contract 20 17 -15.0%
Closed Sales 18 15 -16.7%
Median Sales Price $1,868,750 $1,650,000 -11.7%
Average Sales Price $2,645,451 $2,429,567 -8.2%
Percent of Original List Price Received 82.6% 90.8% +9.9%
Average Market Time 314 153 -51.4%
Months Supply of Inventory 26.8 17.9 -33.2%

Top  Month of July 2012

Short Sale House 7-2011 7-2012 +/-
New 0 1 0.0%
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 0 0 0.0%
Months Supply of Inventory 2.0 4.0 +100.0%

Trailing 12 Mos.

Short Sale House 7-2011 7-2012 +/-
New 4 8 +100.0%
Under Contract 1 4 +300.0%
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 July 2012

Bank Owned House 7-2011 7-2012 +/-
New 1 0 -100.0%
Under Contract 0 1 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 0 0 0.0%
Months Supply of Inventory 4.0 1.0 -75.0%

Trailing 12 Mos.

Bank Owned House 7-2011 7-2012 +/-
New 7 3 -57.1
Under Contract 2 4 +100.0%
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 +122.0%
Months Supply of Inventory 3.6 2.3 -34.9%

Top 


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

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