Local Market Market Update Update –– February Local February 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 March 14, 2023 RESIDENTIAL ACTIVITY ONLY | Data current as of March 14, 2023
AVONDALE
-- 50.0% 50.0%
-- 14.3% 14.3%
-- 46.5% 46.5%
Local Market 2023 Local MarketUpdate Update || February 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
February February
Detached Single-Family Single-Family Detached
2-2022 2-2022 17 17 7 7 $715,000 $715,000 97.0% 97.0% 43 43 17 17
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
2-2023 2-2023 9 9 2 2 $756,450 $756,450 99.3% 99.3% 161 161 11 11
Year Year to to Date Date +/– +/– - 47.1% - 47.1% - 71.4% - 71.4% + 5.8% + 5.8% + 2.4% + 2.4% + 271.9% + 271.9% - 35.3% - 35.3%
2-2022 2-2022 37 37 13 13 $680,000 $680,000 96.3% 96.3% 45 45 ---
February February
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
2-2022 2-2022 27 27
2-2023 2-2023 13 13
77 $225,000 $225,000
10 10 $244,500 $244,500
96.5% 96.5% 93 93
95.6% 95.6% 102 102
26 26
12 12
2-2023 2-2023 17 17 8 8 $667,500 $667,500 96.9% 96.9% 123 123 ---
+/– +/– - 54.1% - 54.1% - 38.5% - 38.5% - 1.8% - 1.8% + 0.6% + 0.6% + 172.4% + 172.4% ---
Year Year to to Date Date ++ // –– -- 51.9% 51.9% ++ 42.9% 42.9% ++ 8.7% 8.7% -- 1.0% 1.0%
2-2022 2-2022 41 41
2-2023 2-2023 33 33
17 17 $260,000 $260,000
14 14 $269,500 $269,500
97.5% 97.5% 83 83
96.1% 96.1% 92 92
---
---
++ 9.1% 9.1% -- 53.8% 53.8%
++ // –– -- 19.5% 19.5% -- 17.6% 17.6% ++ 3.7% 3.7% -- 1.4% 1.4% ++ 10.2% 10.2% ---
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
+ 120% 120% +
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
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 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 March March 14, 14, 2023. 2023. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2023 2023ShowingTime. ShowingTime.