Local Market Market Update Update –– December Local December 2022 2022
A Research Tool Provided by the Chicago Association of REALTORS® L the O PChicago A S A Research Tool ProvidedKby Association of REALTORS® T R AT|TData O N current as of January 14, 2023 RESIDENTIAL ACTIVITY SONLY RESIDENTIAL ACTIVITY ONLY | Data current as of January 14, 2023
AVONDALE
-- 47.4% 47.4%
-- 37.0% 37.0%
-- 22.7% 22.7%
Local Market 2022 Local MarketUpdate Update || December 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
December December
Detached Single-Family Single-Family Detached
12-2021 12-2021 7 7 13 13 $545,000 $545,000 96.7% 96.7% 54 54 13 13
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 Market Time Inventory of of Homes Homes for for Sale Sale Inventory
12-2022 12-2022 5 5 9 9 $549,900 $549,900 97.1% 97.1% 54 54 11 11
Year Year to to Date Date +/– +/– - 28.6% - 28.6% - 30.8% - 30.8% + 0.9% + 0.9% + 0.4% + 0.4% + 0.3% + 0.3% - 15.4% - 15.4%
12-2021 12-2021 173 173 103 103 $505,000 $505,000 98.6% 98.6% 44 44 ---
December December
Attached Single-Family Single-Family Attached
New Listings Listings New Closed Sales Sales Closed
Median Sales Sales Price* Price* Median Percent of of Original Original List List Price Price Received* Received* Percent
12-2021 12-2021 12 12
12-2022 12-2022 55
14 14 $310,000 $310,000 96.2% 96.2%
88 $342,750 $342,750 98.1% 98.1%
48 48 31 31
53 53 23 23
Market Time Time Market Inventory of of Homes Homes for for Sale Sale Inventory
12-2022 12-2022 200 200 111 111 $665,000 $665,000 98.6% 98.6% 37 37 ---
+/– +/– + 15.6% + 15.6% + 7.8% + 7.8% + 31.7% + 31.7% - 0.0% - 0.0% - 15.9% - 15.9% ---
Year Year to to Date Date ++ // –– -- 58.3% 58.3% -- 42.9% 42.9%
12-2021 12-2021 368 368
12-2022 12-2022 270 270
++ 10.6% 10.6% ++ 2.0% 2.0%
228 228 $388,500 $388,500 99.0% 99.0%
172 172 $345,000 $345,000 99.0% 99.0%
++ 12.2% 12.2% -- 25.8% 25.8%
38 38 ---
46 46 ---
++ // –– -- 26.6% 26.6% -- 24.6% 24.6% -- 11.2% 11.2% ++ 0.0% 0.0% ++ 21.1% 21.1% ---
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% + + 120% 120% +
bb aa
Attached Single-Family
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% -- 40% 40%
- 40% - 60% 1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
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
† Each dot represents the change in median sales price from the prior year using aa 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 January January 14, 14, 2023. 2023. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2023 2023ShowingTime. ShowingTime.