Local Market Market Update Update –– August August 2022 2022 Local
ResearchTool ToolProvided Provided bythe Chicago AssociationofofREALTORS® REALTORS® K L by O Pthe AChicago S AAResearch Association S T RONLY AT T O NData current as of September 14, 2022 RESIDENTIALACTIVITY ACTIVITY RESIDENTIAL ONLY | | Data current as of September 14, 2022
AVONDALE
Avondale Local Market Avondale Update | August 2022 Local Market Update | October 2021
31.4% -- 31.4%
9.1% ++ 9.1%
23.7% -- 23.7%
Changeinin Change NewListings Listings New AllProperties Properties All
Changeinin Change ClosedSales Sales Closed AllProperties Properties All
Changeinin Change Inventoryof ofHomes Homes Inventory AllProperties Properties All
August August
DetachedSingle-Family Single-Family Detached
NewListings Listings New Closed Sales Closed Sales
MedianSales SalesPrice* Price* Median Percent of Original ListPrice PriceReceived* Received* Percent of Original List
Yearto toDate Date Year
8-2021 8-2021 24 24
8-2022 8-2022 22 22
++/ /–– 8.3% - -8.3%
8-2021 8-2021 111 111
8-2022 8-2022 149 149
++/ /–– 34.2% ++34.2%
44 $566,500 $566,500 100.3% 100.3%
99 $750,000 $750,000 96.9% 96.9%
125.0% ++125.0% + 32.4% + 32.4%
65 65 $525,000 $525,000 99.3% 99.3%
80 80 $672,500 $672,500 99.6% 99.6%
23.1% ++23.1% + 28.1% + 28.1%
55 29 29
22 22 24 24
42 42 ----
31 31 ----
MarketTime Time Market InventoryofofHomes Homesfor forSale Sale Inventory
3.4% - -3.4% + 316.9% + 316.9% 17.2% - -17.2%
August August
AttachedSingle-Family Single-Family Attached
NewListings Listings New Closed Sales Closed Sales
MedianSales SalesPrice* Price* Median Percent of Original ListPrice PriceReceived* Received* Percent of Original List
8-2021 8-2021 46 46
8-2022 8-2022 26 26
18 18 $324,950 $324,950 98.2% 98.2%
15 15 $475,000 $475,000 97.9% 97.9%
34 34 47 47
20 20 34 34
MarketTime Time Market Inventory Homesfor forSale Sale Inventory ofofHomes
0.3% ++0.3% 26.2% - 26.2% ----
Yearto toDate Date Year ++/ /––
8-2021 8-2021 278 278
8-2022 8-2022 201 201
46.2% ++46.2% 0.3% - 0.3%
171 171 $422,000 $422,000 99.5% 99.5%
134 134 $349,500 $349,500 99.4% 99.4%
17.2% - -17.2% 0.1% - 0.1%
39.3% - -39.3% 27.7% - 27.7%
40 40 ----
39 39 ----
2.5% - -2.5% ----
43.5% - -43.5% 16.7% - 16.7%
++/ /–– 27.7% - -27.7% 21.6% - 21.6%
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size. * Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
Changein inMedian MedianSales SalesPrice Price from from Prior Prior Year Year(6-Month (6-MonthAverage) Average)†† Change DetachedSingle-Family Single-Family Detached
All All Avondale Avondale
+ 140% + 140% + 120% + 120%
AttachedSingle-Family Single-Family Attached
All All Avondale Avondale
+ 100% + 100%
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% - 20%
- 40% - 40%
- 40% - 40% - 60% - 60% 1-2009 1-2009
bb aa
1-2011 1-2011
1-2013 1-2013
1-2015 1-2015
1-2017 1-2017
1-2019 1-2019
1-2021 1-2021
- 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
Eachdot dotrepresents representsthe thechange changeininmedian mediansales salesprice pricefrom fromthe theprior prioryear yearusing usingaa6-month 6-monthweighted weightedaverage. average. ††Each Thismeans meansthat thateach eachofofthe the66months monthsused usedininaadot dotare areproportioned proportionedaccording accordingtototheir theirshare shareofofsales salesduring duringthat thatperiod. period. This Current as of September 14, 2022. All data from Midwest Real Estate Data. Report © 2022 ShowingTime. Current as of September 14, 2022. All data from Midwest Real Estate Data. Report © 2022 ShowingTime.