June Market Expert Class Handout - Chicago Real Estate Market
1. Market Expert Class – City – June 2011
Overview: Post stimulus package numbers began reporting this month with June 2010 being the first
month AFTER the mandatory “Under Contract Date” to qualify for the Home Buyer Tax Credit of 2010.
Therefore our numbers for Under Contract Properties (June 2011 compared to 2010) show significant
increases in the amount of properties going under contract for the city of Chicago.
Where this is a positive trend, we must be cautious when analyzing these numbers due to the “ebb and
flow” momentum created by the tax buyer credit of 2010. Conversely, SOLD numbers for this month
(i.e. closed properties) are significantly less than 1 year ago since properties were initially required to
close by June 2010 (then extended to August).
Positives to the market include a continual decline in the overall inventory of For Sale properties and a
steady decrease in average MSI (Month’s Supply of Inventory).
1. Crains Article – Home Price upticks for specific neighborhoods since 2000
2. Data from CAR Fast Stats – Shows decline in closed properties 2010 vs. 2011 April (AT & DE)
3. Change in Property Types (N. Side) – This is a graph pulled from all closed properties in
April/May in 2010 vs. 2011. The results show that home buyers are choosing to invest a higher
amount of money in space (sq.ft) for their home.
Agent Metrics Trends:
• 2 Year Total trend is decrease across the board (FS, UC, Sold)
• Decline of almost 30% in For Sale properites for 2 year trend (non Bank Owned)
• Bank property decrease of almost 8% (due to lack of Bank release)
• 1 Year Trend shows over 25% decrease in inventory and 50% increase in UC
o Effect of post stimulus package
• Sales to Original Price trends remain constant with 15% difference between two
o DOM difference remains +/- 100 days
• Sales to List Price (final list price) ratio still shows higher % for those with no price reductions
o DOM difference remains +/- 100 days
• Months’ supply of Inventory reaches 2 year low in May of 2011 of 7.1
o MSI = #properties ACTV/#properties UC for that month
• N. Side neighborhoods have followed trends above, with a 63% increase in UC numbers
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A D V E RT I SI N G
Uptown sees decade's biggest uptick in home prices
Recent Residential News
By: Frank Kalman June 02, 2011
Residential real estate: Noted personal-
(Crain's) — The housing rollercoaster ride of injury attorney pays $5.5 mil. for Lake
the last decade ended badly for most local Forest home
homeow ners, but residents of Andersonville Ow ners aim to house artists in ex-Spiegel
and Uptow n can't complain about too much. w arehouse
An index of single-family home prices in the Condo developers face spate of suits over
60640 zip code, w hich includes the tw o North earnest money
Side neighborhoods, rose 39.3% from the Middleby CEO | Gold Coast sale | Bluhm son
end of 2000 to the end of 2010, according to
Fiserv Inc. That's the biggest 10-year gain Bedbug-sniffing dog gets under condo
among all of the 252 local zip codes tracked owner's skin
by Fiserv, a financial services firm that Big Winnetka sale | Blackhaw ks scout |
calculates the widely follow ed Standard & Highland Park
Poor's/Case-Shiller Home Price Indices. More Residential News...
Prices in once-hot neighborhoods like Lincoln
Comment on our stories
Square, Ravensw ood, Irving Park and Garfield
Scroll to the bottom to share your thoughts.
Park gained nearly as much, even after
sustaining double-digit drops in the bust of
recent years. The data reflect a familiar
A D V E RT I SI N G
pattern of gentrification as buyers, unable to
afford homes in places like Lincoln Park and
Bucktow n, sought out less expensive options
nearby. The influx has driven up prices in
places such as Uptow n and Andersonville.
“So many more families are w anting to stay in
the city, and prices in those areas have
gotten astronomically high,” says Thaddeus
Wong, co-founder of local residential Test your know ledge of the Chicago housing
brokerage @properties. market. Guess the prices of recent home sales.
Indeed, neighborhoods like Andersonville and Lincoln Square are a lot less affordable now Click here to play!
than they w ere in 2000. Lincoln Square's 60625 zip code had the 13th-highest median home
price among Chicago-area zip codes, $548,000, while 60640 (Uptown/Andersonville) ranked
14th, at $540,000. The highest: Glencoe's 60022, at $952,000, follow ed by the 60614 zip-
code in Lincoln Park, at $945,000.
“People that w ere priced out of neighborhoods (like Bucktow n and Wicker Park) w ere seeing
Uptow n as a sort of fringe — probably a similar dynamic w as going on in Garfield Park,” says
Philip Ashton, an assistant professor of urban planning and policy at the University of Illinois
at Chicago. “In a lot of cases, demand exceeded supply in a lot of targeted neighborhoods.”
The influx of young professionals, meanw hile, attracted retailers, further boosting the appeal
of the neighborhoods.
“With all the more commercial (development), it makes the neighborhood more desirable to
live in,” says Jeanne Carava, a broker w ith Prudential Rubloff Properties w ho's had listings
near Andersonville for 15 years. “When the first Starbucks w ent in (in Andersonville), there
was just a lot more confidence.”
Just one zip code outside the city — 60515 in west suburban Dow ners Grove — made it into
the top 10 local price gainers of the decade, w ith a 32.5% increase, according to Brookfield,
Wis.-based Fiserv. The biggest loser: south suburban Lansing, where prices fell 14.8% over
the 10-year-period.
With a high foreclosure rate, a w eak job market, a tight lending climate and persistent
pessimism among buyers, the broader picture remains gloomy. The Standard's & Poor's/Case
Shiller index of Chicago-area single-family home prices fell 2.4% from February to March and
was dow n 7.6% from the year-earlier level, hitting its low est point in 10 years.
Mr. Ashton of UIC expects prices to continue their slide, predicting that some neighborhoods
like Pilsen and Garfield Park may even fall below 2001 levels.
"We still got a long w ay to go for some areas in the city," he says.
3. CHICAGOLAND ASSOCIATION OF REALTORS
May 2011 Sales for Detached Single Family - Listed by TOWN
Coverage Area: CHICAGO
Detached Single Family # OF HOUSES SOLD AVERAGE SALE PRICE MEDIAN SALE PRICE TIME ON MARKET AVERAGE NEW LISTINGS MEDIAN NEW LISTINGS # OF NEW LISTINGS
TOWN MTD MTD MTD AVG PRICE AVG PRICE MTD MEDIAN MEDIAN MTD AVG AVG MTD AVG AVG MTD MEDIAN MEDIAN MTD MTD MTD MTD
2011 2010 % CHG 2011 2010 % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG
CHICAGO - ROGERS PARK 0 2 -100.0% - 285,000 -100.0% - 285,000 -100.0% - 125 -100.0% 621,760 450,243 38.1% 439,000 439,000 0.0% 5 7 -28.6%
CHICAGO - WEST RIDGE 7 14 -50.0% 257,804 296,604 -13.1% 249,000 322,500 -22.8% 207 61 239.3% 316,876 340,933 -7.1% 324,500 364,900 -11.1% 29 21 38.1%
CHICAGO - UPTOWN 2 3 -33.3% 547,750 479,667 14.2% 547,750 603,000 -9.2% 145 83 74.7% 887,000 1,066,317 -16.8% 977,000 784,000 24.6% 4 6 -33.3%
CHICAGO - LINCOLN SQUARE 8 8 0.0% 531,500 514,688 3.3% 481,000 470,000 2.3% 111 89 24.7% 744,432 607,068 22.6% 697,000 569,000 22.5% 22 19 15.8%
CHICAGO - NORTH CENTER 15 13 15.4% 873,733 917,333 -4.8% 831,000 853,825 -2.7% 154 103 49.5% 1,006,706 1,186,396 -15.1% 894,000 790,000 13.2% 34 35 -2.9%
CHICAGO - LAKE VIEW 14 15 -6.7% 915,214 974,267 -6.1% 802,500 890,000 -9.8% 154 155 -0.6% 1,180,087 1,483,510 -20.5% 1,275,000 1,469,450 -13.2% 42 30 40.0%
CHICAGO - LINCOLN PARK 14 18 -22.2% 1,504,054 1,728,150 -13.0% 1,278,500 1,437,500 -11.1% 221 243 -9.1% 1,939,297 1,817,446 6.7% 1,762,000 1,399,000 25.9% 58 41 41.5%
CHICAGO - NEAR NORTH SIDE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 1,933,150 2,766,250 -30.1% 1,635,000 3,047,500 -46.3% 12 4 200.0%
CHICAGO - EDISON PARK 5 7 -28.6% 307,000 338,214 -9.2% 325,000 315,000 3.2% 104 255 -59.2% 381,927 338,744 12.7% 290,000 285,000 1.8% 15 9 66.7%
CHICAGO - NORWOOD PARK 24 26 -7.7% 249,892 294,087 -15.0% 248,500 270,000 -8.0% 182 199 -8.5% 353,196 362,685 -2.6% 289,900 331,250 -12.5% 57 58 -1.7%
CHICAGO - JEFFERSON PARK 11 11 0.0% 182,955 255,264 -28.3% 172,000 215,000 -20.0% 98 50 96.0% 263,067 333,276 -21.1% 262,250 285,000 -8.0% 30 33 -9.1%
CHICAGO - FOREST GLEN 10 20 -50.0% 414,300 469,500 -11.8% 405,000 440,000 -8.0% 167 184 -9.2% 467,374 541,626 -13.7% 424,700 487,200 -12.8% 38 38 0.0%
CHICAGO - NORTH PARK 4 7 -42.9% 366,000 317,214 15.4% 303,000 250,000 21.2% 158 125 26.4% 336,878 359,422 -6.3% 359,000 374,900 -4.2% 9 9 0.0%
CHICAGO - ALBANY PARK 10 11 -9.1% 244,479 348,682 -29.9% 220,000 312,000 -29.5% 169 109 55.0% 312,547 327,756 -4.6% 249,900 259,900 -3.8% 15 9 66.7%
CHICAGO - PORTAGE PARK 27 29 -6.9% 181,276 232,666 -22.1% 160,000 220,000 -27.3% 134 165 -18.8% 260,914 274,086 -4.8% 239,450 254,950 -6.1% 64 62 3.2%
CHICAGO - IRVING PARK 14 19 -26.3% 247,055 338,821 -27.1% 151,500 325,000 -53.4% 169 119 42.0% 385,627 416,407 -7.4% 350,000 279,000 25.4% 41 29 41.4%
CHICAGO - DUNNING 27 36 -25.0% 189,396 195,711 -3.2% 175,000 195,000 -10.3% 91 149 -38.9% 227,361 269,587 -15.7% 239,000 236,800 0.9% 71 60 18.3%
CHICAGO - MONTCLARE 9 10 -10.0% 151,644 193,100 -21.5% 155,000 192,500 -19.5% 170 193 -11.9% 235,109 198,227 18.6% 229,000 178,950 28.0% 11 22 -50.0%
CHICAGO - BELMONT CRAGIN 29 31 -6.5% 139,048 148,957 -6.7% 140,000 147,175 -4.9% 106 95 11.6% 167,146 165,787 0.8% 162,400 150,750 7.7% 56 42 33.3%
CHICAGO - HERMOSA 4 5 -20.0% 109,500 125,300 -12.6% 66,000 96,500 -31.6% 165 91 81.3% 176,545 129,685 36.1% 170,000 94,900 79.1% 11 13 -15.4%
CHICAGO - AVONDALE 8 7 14.3% 218,288 180,071 21.2% 215,900 185,000 16.7% 71 227 -68.7% 316,438 222,736 42.1% 286,800 161,450 77.6% 16 14 14.3%
CHICAGO - LOGAN SQUARE 16 12 33.3% 431,794 529,367 -18.4% 329,500 465,250 -29.2% 196 106 84.9% 565,223 627,708 -10.0% 394,450 549,000 -28.2% 48 41 17.1%
CHICAGO - HUMBOLDT PARK 5 12 -58.3% 71,550 62,429 14.6% 60,000 56,875 5.5% 157 132 18.9% 145,418 106,259 36.9% 140,000 84,000 66.7% 29 22 31.8%
CHICAGO - WEST TOWN 12 8 50.0% 456,729 611,188 -25.3% 434,500 569,000 -23.6% 99 133 -25.6% 754,658 864,050 -12.7% 699,900 740,000 -5.4% 45 29 55.2%
CHICAGO - AUSTIN 14 32 -56.3% 112,671 80,690 39.6% 122,500 42,500 188.2% 100 55 81.8% 160,756 134,317 19.7% 150,000 139,900 7.2% 39 41 -4.9%
CHICAGO - WEST GARFIELD PARK 1 1 0.0% 49,900 10,500 375.2% 49,900 10,500 375.2% 389 35 1011.4% 39,950 90,290 -55.8% 39,950 20,000 99.8% 2 5 -60.0%
CHICAGO - EAST GARFIELD PARK 1 0 100.0% 14,000 - 0.0% 14,000 - 0.0% 170 - 0.0% 131,233 178,469 -26.5% 119,000 174,450 -31.8% 6 8 -25.0%
CHICAGO - NEAR WEST SIDE 0 2 -100.0% - 363,500 -100.0% - 363,500 -100.0% - 200 -100.0% 452,957 317,980 42.4% 347,000 280,000 23.9% 7 5 40.0%
CHICAGO - NORTH LAWNDALE 2 1 100.0% 19,185 21,000 -8.6% 19,184 21,000 -8.6% 75 22 240.9% 74,643 45,640 63.5% 61,000 14,500 320.7% 7 5 40.0%
CHICAGO - SOUTH LAWNDALE 8 4 100.0% 57,101 36,625 55.9% 55,000 40,000 37.5% 77 49 57.1% 68,700 63,770 7.7% 69,900 72,000 -2.9% 4 10 -60.0%
CHICAGO - LOWER WEST SIDE 1 1 0.0% 50,000 52,000 -3.8% 50,000 52,000 -3.8% 207 105 97.1% 145,000 208,075 -30.3% 145,000 129,250 12.2% 1 4 -75.0%
CHICAGO - LOOP 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 370,000 -100.0% - 370,000 -100.0% 0 1 -100.0%
CHICAGO - NEAR SOUTH SIDE 0 1 -100.0% - 1,046,000 -100.0% - 1,046,000 -100.0% - 25 -100.0% - 2,900,000 -100.0% - 2,900,000 -100.0% 0 1 -100.0%
CHICAGO - ARMOUR SQUARE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 249,000 259,000 -3.9% 249,000 259,000 -3.9% 1 1 0.0%
CHICAGO - DOUGLAS 0 2 -100.0% - 292,500 -100.0% - 292,500 -100.0% - 476 -100.0% 279,967 241,650 15.9% 235,000 189,950 23.7% 3 3 0.0%
CHICAGO - OAKLAND 1 0 100.0% 420,000 - 0.0% 420,000 - 0.0% 1 - 0.0% 161,494 66,100 144.3% 73,587 66,100 11.3% 4 1 300.0%
CHICAGO - FULLER PARK 2 2 0.0% 155,500 72,450 114.6% 155,500 72,450 114.6% 30 25 20.0% 13,000 130,000 -90.0% 13,000 130,000 -90.0% 1 1 0.0%
CHICAGO - GRAND BOULEVARD 2 4 -50.0% 194,000 316,250 -38.7% 194,000 372,500 -47.9% 262 426 -38.5% 315,456 322,480 -2.2% 380,000 362,900 4.7% 9 15 -40.0%
CHICAGO - KENWOOD 2 3 -33.3% 1,030,750 521,567 97.6% 1,030,750 509,700 102.2% 305 277 10.1% 1,072,580 783,238 36.9% 825,000 639,500 29.0% 5 13 -61.5%
CHICAGO - WASHINGTON PARK 3 0 100.0% 10,542 - 0.0% 13,625 - 0.0% 70 - 0.0% - 13,900 -100.0% - 13,900 -100.0% 0 1 -100.0%
CHICAGO - HYDE PARK 2 2 0.0% 430,000 692,500 -37.9% 430,000 692,500 -37.9% 248 82 202.4% 379,000 944,480 -59.9% 379,000 849,000 -55.4% 2 5 -60.0%
CHICAGO - WOODLAWN 4 2 100.0% 69,095 197,000 -64.9% 67,500 197,000 -65.7% 172 95 81.1% 50,475 85,820 -41.2% 43,500 61,400 -29.2% 4 5 -20.0%
CHICAGO - SOUTH SHORE 6 6 0.0% 142,283 215,367 -33.9% 51,850 180,000 -71.2% 229 93 146.2% 136,115 173,738 -21.7% 129,900 159,900 -18.8% 23 16 43.8%
CHICAGO - CHATHAM 14 14 0.0% 92,859 109,679 -15.3% 69,500 112,500 -38.2% 162 124 30.6% 122,920 133,096 -7.6% 131,450 95,450 37.7% 20 28 -28.6%
CHICAGO - AVALON PARK 8 5 60.0% 82,913 94,600 -12.4% 43,700 56,000 -22.0% 111 41 170.7% 136,567 126,125 8.3% 129,900 122,450 6.1% 9 12 -25.0%
CHICAGO - SOUTH CHICAGO 8 16 -50.0% 36,519 63,958 -42.9% 20,825 44,950 -53.7% 104 196 -46.9% 131,394 94,925 38.4% 120,000 87,450 37.2% 17 20 -15.0%
CHICAGO - BURNSIDE 2 1 100.0% 75,000 30,000 150.0% 75,000 30,000 150.0% 36 436 -91.7% 59,200 163,550 -63.8% 57,000 168,250 -66.1% 5 6 -16.7%
CHICAGO - CALUMET HEIGHTS 9 5 80.0% 73,744 132,870 -44.5% 54,900 179,000 -69.3% 119 159 -25.2% 131,843 130,398 1.1% 163,700 155,083 5.6% 14 16 -12.5%
CHICAGO - ROSELAND 20 17 17.6% 32,953 68,508 -51.9% 16,750 36,000 -53.5% 156 85 83.5% 73,856 93,023 -20.6% 57,000 92,000 -38.0% 48 57 -15.8%
CHICAGO - PULLMAN 1 3 -66.7% 149,900 145,267 3.2% 149,900 147,900 1.4% 400 77 419.5% 105,100 109,700 -4.2% 99,500 112,450 -11.5% 3 4 -25.0%
CHICAGO - SOUTH DEERING 4 1 300.0% 20,927 39,000 -46.3% 21,276 39,000 -45.4% 184 18 922.2% 79,843 61,933 28.9% 74,900 64,900 15.4% 7 9 -22.2%
CHICAGO - EAST SIDE 10 6 66.7% 96,232 120,483 -20.1% 96,000 110,000 -12.7% 237 55 330.9% 146,586 94,522 55.1% 134,900 109,900 22.7% 7 9 -22.2%
CHICAGO - WEST PULLMAN 19 22 -13.6% 36,682 42,377 -13.4% 29,000 23,525 23.3% 108 80 35.0% 85,305 61,251 39.3% 84,950 43,950 93.3% 28 34 -17.6%
CHICAGO - RIVERDALE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 55,000 -100.0% - 55,000 -100.0% 0 1 -100.0%
CHICAGO - HEGEWISCH 3 7 -57.1% 163,833 118,557 38.2% 115,000 124,500 -7.6% 157 172 -8.7% 118,892 153,575 -22.6% 133,900 154,450 -13.3% 11 8 37.5%
CHICAGO - GARFIELD RIDGE 18 31 -41.9% 160,606 178,779 -10.2% 137,500 185,000 -25.7% 155 166 -6.6% 197,977 212,885 -7.0% 186,000 199,900 -7.0% 51 36 41.7%
CHICAGO - ARCHER HEIGHTS 9 3 200.0% 136,322 129,967 4.9% 141,000 164,900 -14.5% 126 170 -25.9% 141,813 154,954 -8.5% 159,950 158,950 0.6% 8 12 -33.3%
Disclaimer:
Statistics provided using data from Midwest Real Estate Data LLC.
The Association makes no claim as to the accuracy of this data and has provided this data as a service to our members.
4. CHICAGOLAND ASSOCIATION OF REALTORS
May 2011 Sales for Attached Single Family - Listed by TOWN
Coverage Area: CHICAGO
Attached Single Family # OF HOUSES SOLD AVERAGE SALE PRICE MEDIAN SALE PRICE TIME ON MARKET AVERAGE NEW LISTINGS MEDIAN NEW LISTINGS # OF NEW LISTINGS
TOWN MTD MTD MTD AVG PRICE AVG PRICE MTD MEDIAN MEDIAN MTD AVG AVG MTD AVG AVG MTD MEDIAN MEDIAN MTD MTD MTD MTD
2011 2010 % CHG 2011 2010 % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG
CHICAGO - ROGERS PARK 38 47 -19.1% 88,938 154,893 -42.6% 63,525 137,500 -53.8% 169 141 19.9% 165,818 162,269 2.2% 154,950 156,150 -0.8% 70 102 -31.4%
CHICAGO - WEST RIDGE 31 44 -29.5% 62,368 103,850 -39.9% 51,000 87,500 -41.7% 130 122 6.6% 106,286 144,877 -26.6% 79,000 122,400 -35.5% 81 108 -25.0%
CHICAGO - UPTOWN 37 46 -19.6% 208,939 241,646 -13.5% 210,199 245,500 -14.4% 189 83 127.7% 238,053 248,196 -4.1% 230,000 245,950 -6.5% 117 124 -5.6%
CHICAGO - LINCOLN SQUARE 38 39 -2.6% 225,876 250,009 -9.7% 240,000 258,000 -7.0% 142 115 23.5% 245,106 241,802 1.4% 249,900 244,500 2.2% 59 47 25.5%
CHICAGO - NORTH CENTER 34 44 -22.7% 339,559 387,168 -12.3% 341,661 384,000 -11.0% 188 162 16.0% 381,578 366,181 4.2% 369,900 376,950 -1.9% 49 46 6.5%
CHICAGO - LAKE VIEW 119 181 -34.3% 360,198 347,879 3.5% 340,000 315,900 7.6% 140 131 6.9% 367,167 354,555 3.6% 350,000 299,900 16.7% 301 290 3.8%
CHICAGO - LINCOLN PARK 61 84 -27.4% 407,599 421,895 -3.4% 395,000 407,500 -3.1% 197 129 52.7% 472,418 478,598 -1.3% 419,900 439,000 -4.4% 183 188 -2.7%
CHICAGO - NEAR NORTH SIDE 177 197 -10.2% 475,556 486,677 -2.3% 333,000 352,500 -5.5% 196 174 12.6% 633,583 638,061 -0.7% 395,000 369,900 6.8% 412 452 -8.8%
CHICAGO - EDISON PARK 2 1 100.0% 85,000 135,000 -37.0% 85,000 135,000 -37.0% 618 5 12260.0% 160,718 173,640 -7.4% 159,999 180,950 -11.6% 11 10 10.0%
CHICAGO - NORWOOD PARK 1 2 -50.0% 125,000 117,000 6.8% 125,000 117,000 6.8% 567 179 216.8% 140,184 164,833 -15.0% 117,500 154,700 -24.0% 19 12 58.3%
CHICAGO - JEFFERSON PARK 3 5 -40.0% 116,667 142,800 -18.3% 140,000 140,000 0.0% 515 185 178.4% 97,529 189,685 -48.6% 87,900 197,000 -55.4% 7 13 -46.2%
CHICAGO - FOREST GLEN 3 1 200.0% 175,000 122,000 43.4% 175,000 122,000 43.4% 137 390 -64.9% 492,300 281,840 74.7% 499,500 244,900 104.0% 5 10 -50.0%
CHICAGO - NORTH PARK 3 3 0.0% 63,167 108,633 -41.9% 74,000 54,900 34.8% 143 81 76.5% 185,431 188,708 -1.7% 160,900 175,000 -8.1% 16 13 23.1%
CHICAGO - ALBANY PARK 10 6 66.7% 96,875 177,900 -45.5% 74,500 176,250 -57.7% 230 87 164.4% 157,183 157,996 -0.5% 165,000 150,000 10.0% 29 43 -32.6%
CHICAGO - PORTAGE PARK 5 7 -28.6% 102,800 169,684 -39.4% 47,000 130,000 -63.8% 114 324 -64.8% 130,942 146,177 -10.4% 109,700 129,450 -15.3% 13 26 -50.0%
CHICAGO - IRVING PARK 11 16 -31.3% 154,636 155,875 -0.8% 115,500 139,750 -17.4% 146 179 -18.4% 183,279 197,798 -7.3% 175,000 198,250 -11.7% 34 40 -15.0%
CHICAGO - DUNNING 2 7 -71.4% 126,000 171,481 -26.5% 126,000 186,000 -32.3% 18 109 -83.5% 135,709 145,742 -6.9% 150,000 137,000 9.5% 11 19 -42.1%
CHICAGO - MONTCLARE 0 3 -100.0% - 135,083 -100.0% - 132,750 -100.0% - 324 -100.0% 90,000 143,700 -37.4% 90,000 157,900 -43.0% 1 6 -83.3%
CHICAGO - BELMONT CRAGIN 4 10 -60.0% 48,588 74,580 -34.9% 32,175 41,250 -22.0% 24 157 -84.7% 101,638 113,513 -10.5% 89,500 125,000 -28.4% 13 15 -13.3%
CHICAGO - HERMOSA 2 1 100.0% 8,250 38,000 -78.3% 8,250 38,000 -78.3% 54 18 200.0% 54,900 - 0.0% 54,900 - 0.0% 2 0 100.0%
CHICAGO - AVONDALE 11 12 -8.3% 120,264 193,985 -38.0% 129,000 181,500 -28.9% 199 144 38.2% 191,208 248,495 -23.1% 152,400 249,450 -38.9% 24 22 9.1%
CHICAGO - LOGAN SQUARE 28 30 -6.7% 246,729 298,492 -17.3% 252,500 282,750 -10.7% 288 161 78.9% 308,114 297,416 3.6% 285,000 299,999 -5.0% 69 77 -10.4%
CHICAGO - HUMBOLDT PARK 5 3 66.7% 29,830 30,467 -2.1% 14,000 39,000 -64.1% 102 59 72.9% 52,717 60,245 -12.5% 48,200 67,500 -28.6% 6 10 -40.0%
CHICAGO - WEST TOWN 76 101 -24.8% 363,676 351,974 3.3% 330,000 340,000 -2.9% 168 138 21.7% 374,552 373,116 0.4% 359,000 364,500 -1.5% 191 204 -6.4%
CHICAGO - AUSTIN 6 6 0.0% 44,250 80,500 -45.0% 31,500 57,000 -44.7% 53 337 -84.3% 108,122 119,657 -9.6% 69,900 85,000 -17.8% 9 21 -57.1%
CHICAGO - WEST GARFIELD PARK 1 1 0.0% 36,000 7,900 355.7% 36,000 7,900 355.7% 451 70 544.3% 32,500 150,893 -78.5% 32,500 174,500 -81.4% 1 4 -75.0%
CHICAGO - EAST GARFIELD PARK 8 5 60.0% 38,094 103,300 -63.1% 14,000 56,000 -75.0% 120 227 -47.1% 75,314 103,127 -27.0% 50,000 74,950 -33.3% 7 20 -65.0%
CHICAGO - NEAR WEST SIDE 62 83 -25.3% 271,910 306,153 -11.2% 252,500 282,000 -10.5% 208 150 38.7% 311,650 357,622 -12.9% 288,350 292,450 -1.4% 180 176 2.3%
CHICAGO - NORTH LAWNDALE 3 2 50.0% 15,500 17,350 -10.7% 10,000 17,350 -42.4% 29 96 -69.8% 86,950 38,233 127.4% 59,450 29,900 98.8% 4 3 33.3%
CHICAGO - SOUTH LAWNDALE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - LOWER WEST SIDE 2 1 100.0% 121,500 225,000 -46.0% 121,500 225,000 -46.0% 326 404 -19.3% 210,733 180,048 17.0% 200,000 215,910 -7.4% 9 9 0.0%
CHICAGO - LOOP 69 74 -6.8% 385,525 551,312 -30.1% 290,000 352,500 -17.7% 256 111 130.6% 389,921 546,232 -28.6% 293,355 319,900 -8.3% 154 124 24.2%
CHICAGO - NEAR SOUTH SIDE 45 68 -33.8% 296,741 417,218 -28.9% 293,000 313,000 -6.4% 284 404 -29.7% 359,742 419,441 -14.2% 299,000 325,000 -8.0% 101 118 -14.4%
CHICAGO - ARMOUR SQUARE 0 1 -100.0% - 340,000 -100.0% - 340,000 -100.0% - 81 -100.0% 266,492 262,675 1.5% 273,500 261,500 4.6% 12 4 200.0%
CHICAGO - DOUGLAS 8 8 0.0% 65,088 133,975 -51.4% 50,750 86,450 -41.3% 324 149 117.4% 150,045 198,167 -24.3% 150,000 219,900 -31.8% 11 21 -47.6%
CHICAGO - OAKLAND 0 1 -100.0% - 319,000 -100.0% - 319,000 -100.0% - 66 -100.0% 218,338 260,450 -16.2% 217,450 247,500 -12.1% 8 4 100.0%
CHICAGO - FULLER PARK 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - GRAND BOULEVARD 12 28 -57.1% 60,977 73,338 -16.9% 52,750 42,000 25.6% 166 173 -4.0% 126,434 90,579 39.6% 95,000 57,400 65.5% 29 40 -27.5%
CHICAGO - KENWOOD 4 5 -20.0% 307,500 182,748 68.3% 340,000 179,740 89.2% 137 119 15.1% 236,177 261,265 -9.6% 219,000 179,900 21.7% 31 23 34.8%
CHICAGO - WASHINGTON PARK 10 2 400.0% 26,518 62,400 -57.5% 26,375 62,400 -57.7% 60 129 -53.5% 55,780 72,429 -23.0% 49,900 59,250 -15.8% 15 14 7.1%
CHICAGO - HYDE PARK 9 20 -55.0% 130,467 225,400 -42.1% 118,000 191,500 -38.4% 259 131 97.7% 207,564 227,519 -8.8% 178,000 189,450 -6.0% 35 48 -27.1%
CHICAGO - WOODLAWN 2 9 -77.8% 144,200 77,711 85.6% 144,200 50,000 188.4% 227 153 48.4% 123,847 129,405 -4.3% 109,900 139,900 -21.4% 16 21 -23.8%
CHICAGO - SOUTH SHORE 10 7 42.9% 26,120 63,829 -59.1% 26,849 69,000 -61.1% 74 107 -30.8% 67,510 64,196 5.2% 47,950 34,900 37.4% 24 23 4.3%
CHICAGO - CHATHAM 2 5 -60.0% 14,050 25,310 -44.5% 14,050 14,350 -2.1% 116 64 81.3% 31,980 26,005 23.0% 30,000 22,750 31.9% 5 6 -16.7%
CHICAGO - AVALON PARK 0 1 -100.0% - 111,000 -100.0% - 111,000 -100.0% - 110 -100.0% 29,900 49,950 -40.1% 29,900 49,950 -40.1% 1 2 -50.0%
CHICAGO - SOUTH CHICAGO 1 0 100.0% 30,000 - 0.0% 30,000 - 0.0% 389 - 0.0% - 39,435 -100.0% - 39,435 -100.0% 0 2 -100.0%
CHICAGO - BURNSIDE 0 1 -100.0% - 12,500 -100.0% - 12,500 -100.0% - 174 -100.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - CALUMET HEIGHTS 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 85,000 - 0.0% 85,000 - 0.0% 1 0 100.0%
CHICAGO - ROSELAND 1 2 -50.0% 20,000 57,889 -65.5% 20,000 57,888 -65.5% 15 105 -85.7% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - PULLMAN 0 1 -100.0% - 11,000 -100.0% - 11,000 -100.0% - 27 -100.0% 9,900 129,575 -92.4% 9,900 121,700 -91.9% 1 4 -75.0%
CHICAGO - SOUTH DEERING 0 3 -100.0% - 26,833 -100.0% - 26,000 -100.0% - 58 -100.0% 81,950 71,971 13.9% 81,950 80,000 2.4% 2 7 -71.4%
CHICAGO - EAST SIDE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - WEST PULLMAN 0 1 -100.0% - 8,000 -100.0% - 8,000 -100.0% - 171 -100.0% 149,500 12,000 1145.8% 149,500 12,000 1145.8% 1 2 -50.0%
CHICAGO - RIVERDALE 1 0 100.0% 13,750 - 0.0% 13,750 - 0.0% 34 - 0.0% - 55,000 -100.0% - 55,000 -100.0% 0 1 -100.0%
CHICAGO - HEGEWISCH 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
CHICAGO - GARFIELD RIDGE 3 1 200.0% 44,467 82,000 -45.8% 45,500 82,000 -44.5% 42 729 -94.2% 117,387 86,950 35.0% 117,386 86,950 35.0% 2 2 0.0%
CHICAGO - ARCHER HEIGHTS 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0%
Disclaimer:
Statistics provided using data from Midwest Real Estate Data LLC.
The Association makes no claim as to the accuracy of this data and has provided this data as a service to our members.
5. Change in Property Types Sold (April & May) 2010 vs. 2011 N. Side Neighborhoods
# of Price
Year Org. Price List Price Sold Price Changes BD BA SQFT $/SQFT
2010 $ 478,046.34 $ 460,537.26 $ 439,016.95 0.9 2.4 1.9 711.6 280.992
2011 $ 498,614.57 $ 478,672.67 $ 446,310.21 1.1 2.7 1.9 951.5 248.368
Pulled for the N. Side Neighborhoods of Chicago.
April & May of 2010 vs 2011
Increase of .3 bedrooms in purchased properties (2011)
Increase of over 250 sq./ft of living space in purchased properties (over 60% reported sq/ft)
Decrease of almost $40 per sq/ft.