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

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Data provided by Midwest Real Estate Data LLC • Current as of October 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 -18.6% +60.0% -79.3%
New Listings Closed Sales Inventory of Homes

 Month of September 2012

Traditional Condo 9-2011 9-2012 +/- 
New 39 36 -7.7%
Under Contract  10 24  +140.0%
Closed Sales 260 289 +11.2%
Median Sales Price $382,500 $365,000 -4.6%
Average Sales Price $418,259 $439,343 +5.0%
Percent of Original List Price Received 91.6% 96.0% +4.9%
Average Market Time 205 134 -34.7%
Months Supply of Inventory 33.2 4.5 -86.4%

Trailing 12 Mos.

Traditional Condo 9-2011 9-2012 +/-
New 723 563 -22.1%
Under Contract 229 326 +42.4%
Closed Sales 271 278 +2.6%
Median Sales Price $332,750 $335,000 +0.7%
Average Sales Price $400,248 $386,937 -3.3%
Percent of Original List Price Received 95.3% 96.1% +0.9%
Average Market Time 331 131 -60.6%
Months Supply of Inventory 32.0 21.9 -31.5%

Top  Month of September 2012

Short Sale Condo 9-2011 9-2012 +/-
New 19 12 -36.8%
Under Contract 11 17 +54.5%
Closed Sales 72 150 +108.3%
Median Sales Price $216,500 $190,000 -12.2%
Average Sales Price $283,500 $210,745 -25.7%
Percent of Original List Price Received 82.7% 90.8% +9.8%
Average Market Time 211 102 -51.5%
Months Supply of Inventory 16.0 2.0 -87.6%

Trailing 12 Mos.

Short Sale Condo 9-2011 9-2012 +/-
New 237 188 -20.7%
Under Contract 96 182 +89.6%
Closed Sales 66 140 +112.1%
Median Sales Price $199,000 $190,000 -4.5%
Average Sales Price $236,706 $221,636 -6.4%
Percent of Original List Price Received 84.3% 88.0% +4.4%
Average Market Time 220 185 -15.8%
Months Supply of Inventory 21.5 7.7 -64.5%

Top  Month of September 2012

Bank Owned Condo 9-2011 9-2012 +/-
New 10 8 -20.0%
Under Contract 5 10 +100.0%
Closed Sales 5 11 +120.0%
Median Sales Price $241,000 $191,000 -20.7%
Average Sales Price $288,300 $226,418 -21.5%
Percent of Original List Price Received 87.7% 99.62% +13.5%
Average Market Time 127 52 -58.7%
Months Supply of Inventory 3.4 1.4 -59.9%

Trailing 12 Mos.

Bank Owned Condo 9-2011 9-2012 +/-
New 115 121 +5.2%
Under Contract 88 114 +29.5%
Closed Sales 84 111 +32.1%
Median Sales Price $170,000 $176,000 +3.5%
Average Sales Price $191,721 $201,998 +5.4%
Percent of Original List Price Received 91.0% 95.6% +5.1%
Average Market Time 159 116 -27.0%
Months Supply of Inventory 4.7 2.5 -46.9%

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

Top  Month of September 2012

Traditional House 9-2011 9-2012 +/-
New 2 1 -50.0%
Under Contract 0 0 0.0%
Closed Sales 1 1 0.0%
Median Sales Price $1,647,500 $1,000,000 -39.3%
Average Sales Price $1,647,500 $1,000,000 -39.3%
Percent of Original List Price Received 89.5% 91.2% +1.9%
Average Market Time 14 46 +228.6%
Months Supply of Inventory 6 1.3 -79.2%

Trailing 12 Mos

Traditional House 9-2011 9-2012 +/-
New 20 13 -35.0%
Under Contract 6 8 +33.3%
Closed Sales 6 8 +33.3%
Median Sales Price $845,000 $877,000 +3.8%
Average Sales Price $1,016,667 $1,035,250 +1.8%
Percent of Original List Price Received 88.6% 91.6% +3.4%
Average Market Time 129 71 -45.3%
Months Supply of Inventory 3.2 3.2 +2.2%

Top  Month of September 2012

Short Sale House 9-2011 9-2012 +/-
NO DATA

Trailing 12 Mos.

Short Sale House 9-2011 9-2012 +/-
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 September 2012

Bank Owned House 9-2011 9-2012 +/-
NO DATA

Trailing 12 Mos.

Bank Owned House 9-2011 9-2012 +/-
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 -26.8% +2.6% -54.8%
New Listings Closed Sales Inventory of Homes

 Month of September 2012

Traditional Condo 9-2011 9-2012 +/-
New 94 67 -28.7%
Under Contract 35 52 +48.6%
Closed Sales 42 42 0.0%
Median Sales Price $322,450 $338,125 +4.9%
Average Sales Price $346,440 $345,969 +0.1%
Percent of Original List Price Received 95.9% 95.3% -0.6%
Average Market Time 152 131 -14.1%
Months Supply of Inventory 10.0 4.3 -56.7%

Trailing 12 Mos.

Traditional Condo 9-2011 9-2012 +/-
New 1,313 906 -31.0%
Under Contract 461 550 +19.3%
Closed Sales 443 512 +15.6%
Median Sales Price $300,000 $300,000 0.0%
Average Sales Price $331,872 $336,371 +1.4%
Percent of Original List Price Received 95.2% 95.4% +0.2%
Average Market Time 158 132 -16.3%
Months Supply of Inventory 12.5 6.0 -51.7%

Top  Month of September 2012

Short Sale Condo 9-2011 9-2012 +/-
New 27 13 -51.9%
Under Contract 17 27 +58.8%
Closed Sales 9 19 +111.1%
Median Sales Price $210,000 $155,000 -26.2%
Average Sales Price $262,692 $170,974 -34.9%
Percent of Original List Price Received 80.4% 90.4% +12.5%
Average Market Time 239 141 -40.9
Months Supply of Inventory 16.6 2.8 -83.3%

Trailing 12 Mos.

Short Sale Condo 9-2011 9-2012 +/-
New 322 275 -14.6%
Under Contract 121 226 +86.8%
Closed Sales 87 164 +88.5%
Median Sales Price $199,000 $164,250 -17.5%
Average Sales Price $213,482 $179,758 -15.8%
Percent of Original List Price Received 80.8% 85.7% +6.0%
Average Market Time 224 192 -14.2%
Months Supply of Inventory 22.6 9.0 -60.4%

Top  Month of September 2012

Bank Owned Condo 9-2011 9-2012 +/-
New 15 13 -13.3%
Under Contract 11 13 +18.2%
Closed Sales 23 14 -39.1%
Median Sales Price $135,000 $146,500 +8.5%
Average Sales Price $165,460 $137,218 -17.1%
Percent of Original List Price Received 86.7% 92.6% +6.8%
Average Market Time 139 71 -49.2%
Months Supply of Inventory 4.9 1.7 -66.3%

Trailing 12 Mos.

Bank Owned Condo 9-2011 9-2012 +/-
New 181 182 +0.6%
Under Contract 127 174 +37.0%
Closed Sales 128 165 +28.9%
Median Sales Price $148,000 $140,000 -5.4%
Average Sales Price $173,990 $154,313 -11.3%
Percent of Original List Price Received 86.7% 87.5% +0.9%
Average Market Time 143 128 -10.2%
Months Supply of Inventory 6.8 3.0 -55.7%

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

Top  Month of September 2012

Traditional House 9-2011 9-2012 +/-
New 1 6 +500.0%
Under Contract 1 2 +100.0%
Closed Sales 0 2 0.0%
Median Sales Price $0 $614,500 0.0%
Average Sales Price $0 $614,500 0.0%
Percent of Original List Price Received 0.0% 96.1% 0.0%
Average Market Time 0 46 0.0%
Months Supply of Inventory 17.0 10.2 -40.0%

Trailing 12 Mos.

Traditional House 9-2011 9-2012 +/-
New 38 39 +2.6%
Under Contract 6 10 +66.7%
Closed Sales 8 8 0.0%
Median Sales Price $421,500 $557,500 +32.3%
Average Sales Price $595,995 $596,438 +0.1%
Percent of Original List Price Received 85.6% 89.1% +4.1%
Average Market Time 166 128 -22.9%
Months Supply of Inventory 10.8 11.3 +4.6%

Top  Month of September 2012

Short Sale House 9-2011 9-2012 +/-
New 0 1 0.0%
Under Contract 0 2 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 7.0 3.0 -57.1%

Trailing 12 Mos.

Short Sale House 9-2011 9-2012 +/-
New 11 16 +45.5%
Under Contract 3 4 +33.3%
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 10.8 7.1 -34.6%

Top  Month of September 2012

Bank Owned House 9-2011 9-2012 +/-
New 1 0 -100.0%
Under Contract 1 2 +100.0%
Closed Sales 2 1 -50.0%
Median Sales Price $97,295 $188,900 +94.2%
Average Sales Price $97,295 $188,900 +94.2%
Percent of Original List Price Received 82.0% 99.5 +21.3%
Average Market Time 111 36 -67.4%
Months Supply of Inventory 1.3 0.6 -56.3%

Trailing 12 Mos.

Bank Owned House 9-2011 9-2012 +/-
New 13 13 0.0%
Under Contract 12 12 0.0%
Closed Sales 12 10 -16.7%
Median Sales Price $68,500 $92,450 +35.0%
Average Sales Price $181,124 $185,456 +2.4%
Percent of Original List Price Received 102.4% 99.0% -3.3%
Average Market Time 84 186 +120.8%
Months Supply of Inventory 1.3 1.4 +9.8%

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 -8.0% +24.1% -33.0%
New Listings Closed Sales Inventory of Homes

 Month of September 2012

Traditional Condo 9-2011 9-2012 +/-
New 85 104 +22.4%
Under Contract 27 66 +144.4%
Closed Sales 25 41 +64.0%
Median Sales Price $369,990 $338,000 -8.6%
Average Sales Price $409,171 $386,787 -5.5%
Percent of Original List Price Received 94.7% 83.0% -1.7%
Average Market Time 150 113 -24.7%
Months Supply of Inventory 11.1 5.6 -49.1%

Trailing 12 Mos.

Traditional Condo 9-2011 9-2012 +/-
New 1,166 1,097 -5.9%
Under Contract 417 623 +49.4%
Closed Sales 425 556 +30.8%
Median Sales Price $365,000 $339,000 -7.1%
Average Sales Price $500,859 $486,549 -2.9%
Percent of Original List Price Received 94.3% 94.0% -0.3%
Average Market Time 222 155 -30.3%
Months Supply of Inventory 11.9 7.9 -33.5%

Top  Month of September 2012

Short Sale Condo 9-2011 9-2012 +/-
New 12 5 -58.3%
Under Contract 10 7 -30.0%
Closed Sales 4 6 +50.0%
Median Sales Price $267,500 $185,750 -30.6%
Average Sales Price $267,500 $182,083 -31.9%
Percent of Original List Price Received 73.4% 96.5% +31.3%
Average Market Time 326 158 -51.7%
Months Supply of Inventory 10.1 2.4 -76.6%

Trailing 12 Mos.

Short Sale Condo 9-2011 9-2012 +/-
New 183 112 -38.8%
Under Contract 100 107 +7.0%
Closed Sales 82 101 +23.2%
Median Sales Price $185,000 $170,000 -8.1%
Average Sales Price $217,687 $200,042 -8.1%
Percent of Original List Price Received 82.7% 86.0% +3.9%
Average Market Time 230 218 -5.1%
Months Supply of Inventory 15.4 5.2 -66.5%

Top  Month of September 2012

Bank Owned Condo 9-2011 9-2012 +/-
New 8 8 0.0%
Under Contract 10 9 -10.0%
Closed Sales 8 10 +25.0%
Median Sales Price $216,500 $192,550 -11.1%
Average Sales Price $309,125 $211,690 -31.5%
Percent of Original List Price Received 93.8% 100.1% +6.7%
Average Market Time 71 32 -54.4%
Months Supply of Inventory 2.3 2.6 +9.3%

Trailing 12 Mos.

Bank Owned Condo 9-2011 9-2012 +/-
New 112 103 -8.0%
Under Contract 87 89 +2.3%
Closed Sales 80 89 +11.3%
Median Sales Price $157,100 $165,000 +5.0%
Average Sales Price $171,558 $183,932 +7.2%
Percent of Original List Price Received 89.5% 95.0% +6.2%
Average Market Time 169 94 -44.3%
Months Supply of Inventory 4.8 2.1 -56.3%

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 -12.3% +29.6% -40.4%
New Listings Closed Sales Inventory of Homes

 Month of September 2012

Traditional Condo 9-2011 9-2012 +/-
New 279 241 -13.6%
Under Contract 97 218 +124.7%
Closed Sales 102 157 +53.9%
Median Sales Price $341,200 $365,000 +7.0%
Average Sales Price $542,031 $497,035 -8.3%
Percent of Original List Price Received 92.1% 93.4% +1.4%
Average Market Time 193 138 -28.5%
Months Supply of Inventory 11.3 4.9 -56.2%

Trailing 12 Mos.

Traditional Condo 9-2011 9-2012 +/-
New 3,748 3,070 -18.1%
Under Contract 1,477 1,998 +35.3%
Closed Sales 1,464 1,874 +26.2%
Median Sales Price $375,000 $370,000 -1.3%
Average Sales Price $597,600 $551,186 -7.8%
Percent of Original List Price Received 92.7% 92.8% +0.2%
Average Market Time 188 168 -10.8%
Months Supply of Inventory 13.4 7.8 -42.0%

Top  Month of September 2012

Short Sale Condo 9-2011 9-2012 +/-
New 22 10 -54.5%
Under Contract 19 22 +15.8%
Closed Sales 20 11 -45.0%
Median Sales Price $185,000 $230,000 +24.3%
Average Sales Price $204,475 $300,652 +47.0%
Percent of Original List Price Received 86.7% 90.4% +4.3%
Average Market Time 169 225 +33.3%
Months Supply of Inventory 8.3 2.0 -75.8%

Trailing 12 Mos.

Short Sale Condo 9-2011 9-2012 +/-
New 373 238 -36.2%
Under Contract 219 214 -2.3%
Closed Sales 195 187 -4.1%
Median Sales Price $215,000 $195,000 -9.3%
Average Sales Price $302,225 $250,070 -17.3%
Percent of Original List Price Received 86.4% 90.4% +4.6%
Average Market Time 218 197 -9.7%
Months Supply of Inventory 9.5 5.4 -43.7%

Top  Month of September 2012

Bank Owned Condo 9-2011 9-2012 +/-
New 17 12 -29.4%
Under Contract 19 14 -26.3%
Closed Sales 22 19 -13.6%
Median Sales Price $181,500 $208,949 +15.1%
Average Sales Price $250,740 $264,836 +5.6%
Percent of Original List Price Received 92.1% 94.4% +2.5%
Average Market Time 182 84 -54.0%
Months Supply of Inventory 2.6 1.5 -56.2%

Trailing 12 Mos.

Bank Owned Condo 9-2011 9-2012 +/-
New 260 225 -13.5%
Under Contract 204 204 0.0%
Closed Sales 194 209 +7.7%
Median Sales Price $179,450 $204,500 +14.0%
Average Sales Price $253,803 $253,456 -0.1%
Percent of Original List Price Received 92.2% 93.4% +1.3%
Average Market Time 125 84 -32.7%
Months Supply of Inventory 3.3 2.4 -28.7%

Top


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

Top  Month of September 2012

Traditional House 9-2011 9-2012 +/-
New 4 6 +50.0%
Under Contract 2 6 +200.0%
Closed Sales 2 1 -50.0%
Median Sales Price $950,000 $1,525,000 +60.5%
Average Sales Price $950,000 $1,525,000 +60.5%
Percent of Original List Price Received 83.9% 98.4% +17.2%
Average Market Time 574 324 -43.5%
Months Supply of Inventory 11.8 15.2 +28.7%

Trailing 12 Mos.

Traditional House 9-2011 9-2012 +/-
New 72 75 +4.2%
Under Contract 19 21 +10.5%
Closed Sales 21 14 -33.3%
Median Sales Price $1,737,500 $1,975,000 +13.7%
Average Sales Price $2,463,315 $2,341,214 -5.0%
Percent of Original List Price Received 84.7% 92.0% +8.6%
Average Market Time 346 235 -32.0%
Months Supply of Inventory 21.1 19.2 -9.2%

Top  Month of September 2012

Short Sale House 9-2011 9-2012 +/-
New 2 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 5.0 0.9 -82.9%

Trailing 12 Mos.

Short Sale House 9-2011 9-2012 +/-
New 8 6 -25.0%
Under Contract 2 7 +250.0%
Closed Sales 2 3 +50.0%
Median Sales Price $1,200,000 $1,193,333 -0.6%
Average Sales Price $1,200,000 $1,665,000 +38.8%
Percent of Original List Price Received 89.3% 67.8% -24.0%
Average Market Time 131 259 +98.0%
Months Supply of Inventory 0.0 3.7 N/A

Top  Month of September 2012

Bank Owned House 9-2011 9-2012 +/-
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 2.0 -50.0%

Trailing 12 Mos.

Bank Owned House 9-2011 9-2012 +/-
New 6 4 -33.3%
Under Contract 3 4 +33.3%
Closed Sales 3 3 0.0%
Median Sales Price $1,575,000 $2,575,000 +63.5%
Average Sales Price $1,265,000 $2,106,667 66.5%
Percent of Original List Price Received 80.5% 89.6% +11.3%
Average Market Time 134 874 +554.1%
Months Supply of Inventory 3.3 3.1 -5.1%

Top


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

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