Local Market Market Update Update –– August Local August 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 September 14, 2023 RESIDENTIAL ACTIVITY ONLY | Data current as of September 14, 2023
AVONDALE
-- 12.5% 12.5%
-- 4.2% 4.2%
-- 44.1% 44.1%
Local Update | August 2023 LocalMarket Market Update | October 2021
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
August August
Detached Single-Family Single-Family Detached
8-2022 8-2022 22 22 9 9 $750,000 $750,000 96.9% 96.9% 22 22 25 25
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
8-2023 8-2023 20 20 13 13 $750,000 $750,000 99.3% 99.3% 23 23 11 11
Year Year to to Date Date +/– +/– - 9.1% - 9.1% + 44.4% + 44.4% 0.0% 0.0% + 2.6% + 2.6% + 3.0% + 3.0% - 56.0% - 56.0%
8-2022 8-2022 150 150 79 79 $680,000 $680,000 99.6% 99.6% 31 31 ---
August August
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
8-2022 8-2022 26 26
8-2023 8-2023 22 22
15 15 $475,000 $475,000
10 10 $425,000 $425,000
97.9% 97.9% 20 20
102.3% 102.3% 55
34 34
22 22
8-2023 8-2023 108 108 57 57 $635,000 $635,000 99.0% 99.0% 67 67 ---
+/– +/– - 28.0% - 28.0% - 27.8% - 27.8% - 6.6% - 6.6% - 0.6% - 0.6% + 115.0% + 115.0% ---
Year Year to to Date Date ++ // –– -- 15.4% 15.4% -- 33.3% 33.3% -- 10.5% 10.5% ++ 4.5% 4.5%
8-2022 8-2022 202 202
8-2023 8-2023 160 160
134 134 $349,500 $349,500
103 103 $415,000 $415,000
99.4% 99.4% 39 39
100.2% 100.2% 43 43
---
---
-- 76.5% 76.5% -- 35.3% 35.3%
++ // –– -- 20.8% 20.8% -- 23.1% 23.1% ++ 18.7% 18.7% ++ 0.8% 0.8% ++ 10.3% 10.3% ---
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
bb aa
All All Avondale Avondale
+ 140% 140% + + 120% 120% +
Attached Single-Family
bb aa
All All Avondale Avondale
++ 100% 100% ++ 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 September September 14, 14, 2023. 2023. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2023 2023ShowingTime. ShowingTime.