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

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Data provided by Midwest Real Estate Data LLC • Current as of September 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 -26.2% +88.6% -78.4%
New Listings Closed Sales Inventory of Homes

 Month of August 2012

Traditional Condo 8-2011 8-2012 +/- 
New 44 45 +2.3%
Under Contract  18  44  +144.4%
Closed Sales 20 40 +100.0%
Median Sales Price $345,500 $325,000 -5.9%
Average Sales Price $406,530 $370,948 -8.8%
Percent of Original List Price Received 96.2% 97.1% +0.9%
Average Market Time 228 108 -52.7%
Months Supply of Inventory 34 5 -85.3%

Trailing 12 Mos.

Traditional Condo 8-2011 8-2012 +/-
New 755 572 -24.2%
Under Contract 234 318 +35.9%
Closed Sales 271 278 +2.6%
Median Sales Price $333,000 $326,000 -2.1%
Average Sales Price $393,852 $382,664 -2.8%
Percent of Original List Price Received 96.7% 95.6% -1.1%
Average Market Time 381 138 -63.9%
Months Supply of Inventory 31.7 24.2 -23.7%

Top  Month of August 2012

Short Sale Condo 8-2011 8-2012 +/-
New 32 9 -71.9%
Under Contract 10 17 +70.0%
Closed Sales 10 11 +10.0%
Median Sales Price $192,000 $217,000 +13.0%
Average Sales Price $190,980 $224,923 +27.2%
Percent of Original List Price Received 83.1% 86.5% +4.1%
Average Market Time 163 266 +62.9%
Months Supply of Inventory 17.1 2.1 -87.9%

Trailing 12 Mos.

Short Sale Condo 8-2011 8-2012 +/-
New 238 192 -19.3%
Under Contract 89 185 +107.9%
Closed Sales 66 140 +112.1%
Median Sales Price $190,000 $194,500 +2.4%
Average Sales Price $232,087 $227,610 -1.9%
Percent of Original List Price Received 84.7% 87.3% +3.0%
Average Market Time 215 199 -7.6%
Months Supply of Inventory 22.6 8.5 -62.3%

Top  Month of August 2012

Bank Owned Condo 8-2011 8-2012 +/-
New 7 8 +14.3%
Under Contract 7 8 +14.3%
Closed Sales 5 15 +200.0%
Median Sales Price $224,000 $175,000 -21.9%
Average Sales Price $218,520 $182,685 -16.4%
Percent of Original List Price Received 90.1% 105.2% +16.8%
Average Market Time 227 76 -66.5%
Months Supply of Inventory 3.3 1.6 -52.5%

Trailing 12 Mos.

Bank Owned Condo 8-2011 8-2012 +/-
New 118 120 +1.7%
Under Contract 88 108 +22.7%
Closed Sales 86 105 +22.1%
Median Sales Price $170,000 $175,000 +2.9%
Average Sales Price $185,969 $203,549 +9.5%
Percent of Original List Price Received 90.4% 94.8% +4.9%
Average Market Time 155 123 -20.5%
Months Supply of Inventory 5.1 2.6 -47.7%

Top 


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

Top  Month of August 2012

Traditional House 8-2011 8-2012 +/-
New 2 0 -100.0%
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 5 1.9 -62.5%

Trailing 12 Mos

Traditional House 8-2011 8-2012 +/-
New 20 14 -30.0%
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 3 3.6 +21.1%

Top  Month of August 2012

Short Sale House 8-2011 8-2012 +/-
NO DATA

Trailing 12 Mos.

Short Sale House 8-2011 8-2012 +/-
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 August 2012

Bank Owned House 8-2011 8-2012 +/-
NO DATA

Trailing 12 Mos.

Bank Owned House 8-2011 8-2012 +/-
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 -19.1% +25.9% -52.2%
New Listings Closed Sales Inventory of Homes

 Month of August 2012

Traditional Condo 8-2011 8-2012 +/-
New 97 78 -19.6%
Under Contract 40 52 +30.0%
Closed Sales 55 66 +20.0%
Median Sales Price $293,500 $303,500 +3.4%
Average Sales Price $300,277 $348,695 +16.1%
Percent of Original List Price Received 94.4% 96.1% +1.8%
Average Market Time 124 72 -41.7%
Months Supply of Inventory 10.6 4.5 -57.3%

Trailing 12 Mos.

Traditional Condo 8-2011 8-2012 +/-
New 1,347 941 -30.1%
Under Contract 450 546 +21.3%
Closed Sales 426 511 +20.0%
Median Sales Price $300,000 $300,000 0.0%
Average Sales Price $331,436 $336,665 +1.6%
Percent of Original List Price Received 95.1% 95.5% +0.4%
Average Market Time 158 132 -16.3%
Months Supply of Inventory 12.6 6.5 -48.8%

Top  Month of August 2012

Short Sale Condo 8-2011 8-2012 +/-
New 28 32 +14.3%
Under Contract 7 25 +257.1%
Closed Sales 15 14 -6.7%
Median Sales Price $165,000 $235,000 +42.4%
Average Sales Price $189,933 $227,319 +19.7%
Percent of Original List Price Received 83.3% 85.4% +2.4%
Average Market Time 199 177 -10.9%
Months Supply of Inventory 18.5 3.5 -81.0%

Trailing 12 Mos.

Short Sale Condo 8-2011 8-2012 +/-
New 322 289 -10.2%
Under Contract 110 232 +110.9%
Closed Sales 83 154 +85.5%
Median Sales Price $200,000 $167,000 -16.5%
Average Sales Price $210,869 $185,689 -11.9%
Percent of Original List Price Received 80.9% 84.8% +4.8%
Average Market Time 225 201 -10.7%
Months Supply of Inventory 23.5 9.6 -59.2%

Top  Month of August 2012

Bank Owned Condo 8-2011 8-2012 +/-
New 19 9 -52.6%
Under Contract 16 15 -6.3%
Closed Sales 10 18 +80.0%
Median Sales Price $172,000 $157,000 -8.7%
Average Sales Price $184,667 $143,083 -22.5%
Percent of Original List Price Received 88.7% 83.0% -6.4%
Average Market Time 128 94 -26.4%
Months Supply of Inventory 5.1 1.5 -70.6%

Trailing 12 Mos.

Bank Owned Condo 8-2011 8-2012 +/-
New 186 176 -5.4%
Under Contract 124 167 +34.7%
Closed Sales 112 174 +55.4%
Median Sales Price $148,000 $142,500 -3.7%
Average Sales Price $178,186 $157,663 -11.5%
Percent of Original List Price Received 87.1% 86.8% -0.3%
Average Market Time 139 135 -3.0%
Months Supply of Inventory 7.0 3.2 -54.0%

Top 


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

Top  Month of August 2012

Traditional House 8-2011 8-2012 +/-
New 7 1 -85.7%
Under Contract 1 2 +100.0%
Closed Sales 12 6 -50.0%
Median Sales Price $1,100,000 $205,000 -81.4%
Average Sales Price $1,100,000 $205,000 -81.4%
Percent of Original List Price Received 88.0% 82.0% -6.8%
Average Market Time 35 156 +345.7%
Months Supply of Inventory 17.0 6.5 -61.5%

Trailing 12 Mos.

Traditional House 8-2011 8-2012 +/-
New 40 34 -15.0%
Under Contract 6 11 +83.3%
Closed Sales 10 6 -40.0%
Median Sales Price $421,500 $557,500 +32.3%
Average Sales Price $608,796 $590,417 -3.0%
Percent of Original List Price Received 85.1% 86.8% +1.9%
Average Market Time 162 156 -4.0%
Months Supply of Inventory 10.3 11.3 +9.6%

Top  Month of August 2012

Short Sale House 8-2011 8-2012 +/-
New 0 2 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 9.0 5.0 -44.4%

Trailing 12 Mos.

Short Sale House 8-2011 8-2012 +/-
New 12 15 +25.0%
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 47.7% 102.9% +115.7%
Average Market Time 163 1 -99.4%
Months Supply of Inventory 11.1 7.4 -33.0%

Top  Month of August 2012

Bank Owned House 8-2011 8-2012 +/-
New 1 1 0.0%
Under Contract 0 0 0.0%
Closed Sales 2 0 -100.0%
Median Sales Price $0 $285,000 0.0%
Average Sales Price $0 $295,000 0.0%
Percent of Original List Price Received 0.0% 92.2% 0.0%
Average Market Time 0 292 0.0%
Months Supply of Inventory 1.3 1.9 +50.0%

Trailing 12 Mos.

Bank Owned House 8-2011 8-2012 +/-
New 13 14 +7.7%
Under Contract 11 11 0.0%
Closed Sales 10 11 +10.0%
Median Sales Price $67,000 $85,000 +26.9%
Average Sales Price $197,890 $169,113 -14.5%
Percent of Original List Price Received 106.5% 95.9% -10.0%
Average Market Time 79 186 +135.3%
Months Supply of Inventory 1.3 1.5 +11.9%

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 +10.0% +46.3% -35.9%
New Listings Closed Sales Inventory of Homes

 Month of August 2012

Traditional Condo 8-2011 8-2012 +/-
New 98 106 +8.2%
Under Contract 47 57 +21.3%
Closed Sales 43 68 +58.1%
Median Sales Price $325,500 $332,450 +2.3%
Average Sales Price $513,451 $489,825 -4.6%
Percent of Original List Price Received 93.2% 95.0% +1.9%
Average Market Time 246 91 -62.9%
Months Supply of Inventory 11.9 6.5 -46.0%

Trailing 12 Mos.

Traditional Condo 8-2011 8-2012 +/-
New 1,155 1,092 -5.5%
Under Contract 412 556 +35.0%
Closed Sales 411 523 +27.3%
Median Sales Price $380,000 $340,000 -10.5%
Average Sales Price $506,124 $498,726 -1.5%
Percent of Original List Price Received 94.6% 94.0% -0.7%
Average Market Time 223 166 -25.9%
Months Supply of Inventory 12.3 8.7 -29.3%

Top  Month of August 2012

Short Sale Condo 8-2011 8-2012 +/-
New 12 15 +25.0%
Under Contract 8 13 +62.5%
Closed Sales 3 4 +33.3%
Median Sales Price $142,000 $263,500 +85.6%
Average Sales Price $222,415 $199,287 -10.4%
Percent of Original List Price Received 83.2% 89.4% +7.4%
Average Market Time 162 359 +121.9%
Months Supply of Inventory 12.0 2.8 -76.3%

Trailing 12 Mos.

Short Sale Condo 8-2011 8-2012 +/-
New 195 124 -36.4%
Under Contract 96 118 +22.9%
Closed Sales 86 100 +16.3%
Median Sales Price $197,500 $166,000 -15.9%
Average Sales Price $226,854 $195,068 -14.0%
Percent of Original List Price Received 84.4% 83.7% -0.8%
Average Market Time 216 233 +8.0%
Months Supply of Inventory 16.9 6.2 -63.3%

Top  Month of August 2012

Bank Owned Condo 8-2011 8-2012 +/-
New 10 11 +10.0%
Under Contract 8 9 +12.5%
Closed Sales 8 8 0.0%
Median Sales Price $53,950 $167,000 +209.5%
Average Sales Price $155,267 $200,029 +28.8%
Percent of Original List Price Received 84.6% 97.9% +15.8%
Average Market Time 106 48 -55.1%
Months Supply of Inventory 3.5 1.8 -48.6%

Trailing 12 Mos.

Bank Owned Condo 8-2011 8-2012 +/-
New 108 93 -13.9%
Under Contract 80 88 +10.0%
Closed Sales 76 87 +14.5%
Median Sales Price $130,000 $174,900 +34.5%
Average Sales Price $165,836 $193,553 +16.7%
Percent of Original List Price Received 88.1% 94.8% +7.7%
Average Market Time 177 106 -39.8%
Months Supply of Inventory 5.3 2.0 -62.4%

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 -30.6% +29.1% -42.1%
New Listings Closed Sales Inventory of Homes

 Month of August 2012

Traditional Condo 8-2011 8-2012 +/-
New 305 217 -28.9%
Under Contract 146 183 +25.3%
Closed Sales 175 221 +26.3%
Median Sales Price $354,500 $372,500 +5.1%
Average Sales Price $563,927 $532,349 -5.6%
Percent of Original List Price Received 92.4% 93.0% +0.6%
Average Market Time 164 153 -6.3%
Months Supply of Inventory 14.0 8.8 -37.4%

Trailing 12 Mos.

Traditional Condo 8-2011 8-2012 +/-
New 3,842 3,145 -18.1%
Under Contract 1,500 1,829 +21.9%
Closed Sales 1,464 1,755 +19.9%
Median Sales Price $385,750 $365,000 -5.4%
Average Sales Price $601,467 $558,102 -7.2%
Percent of Original List Price Received 92.7% 92.8% +0.2%
Average Market Time 189 174 -7.7%
Months Supply of Inventory 14.2 9.1 -35.3%

Top  Month of August 2012

Short Sale Condo 8-2011 8-2012 +/-
New 35 22 -37.1%
Under Contract 19 25 +31.6%
Closed Sales 9 13 +44.4%
Median Sales Price $197,000 $176,000 -10.7%
Average Sales Price $195,396 $206,505 +5.7%
Percent of Original List Price Received 86.4% 90.0% +4.2%
Average Market Time 143 52 -63.5%
Months Supply of Inventory 10.3 6.1 -41.0%

Trailing 12 Mos.

Short Sale Condo 8-2011 8-2012 +/-
New 409 261 -36.2%
Under Contract 205 227 +10.7%
Closed Sales 200 195 -2.5%
Median Sales Price $207,288 $195,000 -5.9%
Average Sales Price $301,136 $242,579 -19.4%
Percent of Original List Price Received 86.4% 90.4% +4.6%
Average Market Time 212 193 -9.1%
Months Supply of Inventory 10.8 6.5 -39.5%

Top  Month of August 2012

Bank Owned Condo 8-2011 8-2012 +/-
New 27 13 -51.9%
Under Contract 15 18 +20.0%
Closed Sales 12 23 +91.7%
Median Sales Price $181,528 $216,000 +19.0%
Average Sales Price $181,738 $267,807 +47.4%
Percent of Original List Price Received 94.6% 96.5% +2.1%
Average Market Time 91 80 -11.9%
Months Supply of Inventory 3.6 2.4 -32.2%

Trailing 12 Mos.

Bank Owned Condo 8-2011 8-2012 +/-
New 259 222 -14.3%
Under Contract 185 206 +11.4%
Closed Sales 186 203 -9.1%
Median Sales Price $179,450 $198,760 +10.8%
Average Sales Price $254,818 $253,854 -0.4%
Percent of Original List Price Received 92.2% 93.4% +1.3%
Average Market Time 112 95 -15.5%
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 August 2012

Traditional House 8-2011 8-2012 +/-
New 2 4 +100.0%
Under Contract 0 0 0.0%
Closed Sales 4 2 -50.0%
Median Sales Price $2,902,000 $2,475,000 -14.7%
Average Sales Price $3,144,750 $2,475,000 -21.3%
Percent of Original List Price Received 91.7% 82.5% -10.0%
Average Market Time 151 732 +384.0%
Months Supply of Inventory 16.1 23.8 +47.5%

Trailing 12 Mos.

Traditional House 8-2011 8-2012 +/-
New 73 73 0.0%
Under Contract 19 16 -15.8%
Closed Sales 22 13 -40.9%
Median Sales Price $1,868,750 $1,950,000 +4.3%
Average Sales Price $2,736,233 $2,216,500 -19.0%
Percent of Original List Price Received 84.3% 89.2% +5.9%
Average Market Time 315 310 -1.5%
Months Supply of Inventory 24.8 18.5 -25.3%

Top  Month of August 2012

Short Sale House 8-2011 8-2012 +/-
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 3.0 1.7 -44.4%

Trailing 12 Mos.

Short Sale House 8-2011 8-2012 +/-
New 6 8 +33.3%
Under Contract 2 6 +200.0%
Closed Sales 2 2 0.0%
Median Sales Price $1,200,000 $1,665,000 +38.8%
Average Sales Price $1,200,000 $1,665,000 +38.8%
Percent of Original List Price Received 89.3% 83.0% -7.0%
Average Market Time 131 324 +147.3%
Months Supply of Inventory 0.0 4.2 N/A

Top  Month of August 2012

Bank Owned House 8-2011 8-2012 +/-
New 0 0 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 3.0 1.0 -66.7%

Trailing 12 Mos.

Bank Owned House 8-2011 8-2012 +/-
New 6 3 -50.0
Under Contract 2 4 +100.0%
Closed Sales 2 3 +50.0%
Median Sales Price $1,600,000 $595,000 -62.8%
Average Sales Price $1,600,000 $1,221,667 -23.6%
Percent of Original List Price Received 78.1% 87.0% +11.3%
Average Market Time 150 580 +288.2%
Months Supply of Inventory 3.5 2.2 -34.9%

Top 


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

Top


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