Local Market Market Update Update –– April Local April 2023 2023
A Research Tool Provided by the Chicago Association of REALTORS® A Research Tool Provided by the Chicago Association of REALTORS® RESIDENTIAL ACTIVITY ONLY | Data current as of May 14, 2023 RESIDENTIAL ACTIVITY ONLY | Data current as of May 14, 2023
AVONDALE
-- 45.5% 45.5%
-- 32.4% 32.4%
-- 58.7% 58.7%
Local MarketUpdate Update | April2021 2023 Local Market | October
Change in Change in New Listings New Listings All Properties All Properties
Change in Change in Closed Sales Closed Sales All Properties All Properties
Change in Change in Inventory of Homes Inventory of Homes All Properties All Properties
Avondale
April April
Detached Single-Family Single-Family Detached
4-2022 4-2022 16 16 15 15 $790,000 $790,000 99.8% 99.8% 34 34 18 18
New Listings New Listings Closed Sales Closed Sales
Median Sales Sales Price* Price* Median Percent of of Original Original List List Price Price Received* Received* Percent Market Time Time Market Inventory of Homes Homes for for Sale Sale Inventory of
4-2023 4-2023 11 11 6 6 $727,500 $727,500 96.6% 96.6% 229 229 9 9
Year Year to to Date Date +/– +/– - 31.3% - 31.3% - 60.0% - 60.0% - 7.9% - 7.9% - 3.3% - 3.3% + 579.3% + 579.3% - 50.0% - 50.0%
4-2022 4-2022 71 71 41 41 $680,000 $680,000 100.1% 100.1% 39 39 ---
April April
Attached Single-Family Single-Family Attached
New Listings Listings New Closed Sales Sales Closed
Median Sales Sales Price* Price* Median Percent of Original List Price Price Received* Received* Percent of Original List Market Time Time Market Inventory of Homes Homes for for Sale Sale Inventory of
4-2022 4-2022 28 28
4-2023 4-2023 13 13
22 22 $373,750 $373,750
19 19 $480,000 $480,000
100.3% 100.3% 38 38
99.4% 99.4% 57 57
28 28
10 10
4-2023 4-2023 36 36 20 20 $687,500 $687,500 98.2% 98.2% 135 135 ---
+/– +/– - 49.3% - 49.3% - 51.2% - 51.2% + 1.1% + 1.1% - 1.9% - 1.9% + 243.8% + 243.8% ---
Year Year to to Date Date ++ // –– -- 53.6% 53.6% -- 13.6% 13.6% ++ 28.4% 28.4% -- 0.8% 0.8%
4-2022 4-2022 99 99
4-2023 4-2023 72 72
60 60 $342,500 $342,500
48 48 $417,500 $417,500
99.3% 99.3% 61 61
98.8% 98.8% 61 61
---
---
++ 49.0% 49.0% -- 64.3% 64.3%
++ // –– -- 27.3% 27.3% -- 20.0% 20.0% ++ 21.9% 21.9% -- 0.5% 0.5% ++ 0.0% 0.0% ---
Does not not account account for for sale sale concessions concessions and/or and/or down ** Does down payment payment assistance. assistance. Note: Note: Activity Activity for for one one month month can can sometimes sometimes look look extreme extreme due due to to small small sample sample size. size.
Change in Median Sales Price from Prior Year (6-Month Average)†† Detached Single-Family
All All Avondale Avondale
+ 140% 140% +
bb aa
Attached Single-Family
All All Avondale Avondale
++ 100% 100%
+ 120% 120% +
bb aa
++ 80% 80%
+ 100% 100% +
++ 60% 60%
+ 80% 80% + ++ 40% 40%
+ 60% 60% +
++ 20% 20%
+ 40% 40% + + 20% 20% +
0% 0%
0% 0% -- 20% 20% - 20%
-- 40% 40%
- 40% - 60% 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
1-2023 1-2023
-- 60% 60% 1-2009 1-2009
1-2011 1-2011
1-2013 1-2013
1-2015 1-2015
1-2017 1-2017
1-2019 1-2019
1-2021 1-2021
1-2023 1-2023
† Each dot represents the change in median sales price from the prior year using a 6-month 6-month weighted weighted average. average. This means that each of the 6 months used in a dot are proportioned according to to their their share share of of sales sales during during that that period. period. Current Current as as of of May May 14, 14, 2023. 2023. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2023 2023ShowingTime. ShowingTime.