HERE IS YOUR JUNE 2021 MARKET update!

 

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MARKET SNAPSHOT - CITY OF CHICAGO

The city of Chicago market snapshot represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of REALTORS.

  • 3,839 homes were sold in Chicago inJune of 2021.  This is an increase of 85.4% from June 2020!
  • The median sales price was $350,500, an increase of 6.9% over the same time last year
  • Average time on the market was 59 days,  a 28.9% decrease from June 2020
STATE OF THE MARKET
  • The US housing market continues along at a frenzied pace,  with low interest rates and low inventory leading to record high sales prices.  The Chicago market mirrors the national trend,…

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Market Snapshot - City of Chicago - May 2021

The city of Chicago market snapshot represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of Realtors. 


  • 3,403 homes were sold in Chicago in May 2021. This was 100.1% increase from May 2020!
  • The median sales price of every home sold in May was $350,000, and increase of almost 12% over May last year. 
  • Time on market was 72 days, a 13.3% decrease from the same time last year.
State of the market
  • The spring market is back at pre-pandemic levels and does not show any signs of cooling nationwide. Chicago is no exception, as inventory in many areas is tight and prices are moving up. Strong buyer…

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