Local Market Market Update Update –– February Local February 2024 2024
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, 2024 RESIDENTIAL ACTIVITY ONLY | Data current as of March 14, 2024
AVONDALE
-- 12.0% 12.0%
+ + 33.3% 33.3%
-- 7.7% 7.7%
Local Market February 2024 Local MarketUpdate 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
February February
Detached Single-Family Single-Family Detached
2-2023 2-2023 10 10 2 2 $756,450 $756,450 99.3% 99.3% 161 161 12 12
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
2-2024 2-2024 8 8 9 9 $540,000 $540,000 99.0% 99.0% 39 39 9 9
Year Year to to Date Date +/– +/– - 20.0% - 20.0% + 350.0% + 350.0% - 28.6% - 28.6% - 0.4% - 0.4% - 75.5% - 75.5% - 25.0% - 25.0%
2-2023 2-2023 18 18 8 8 $667,500 $667,500 96.9% 96.9% 123 123 ---
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
2-2023 2-2023 15 15
2-2024 2-2024 14 14
10 10 $244,500 $244,500
77 $340,000 $340,000
95.6% 95.6% 102 102
99.3% 99.3% 135 135
14 14
15 15
2-2024 2-2024 15 15 13 13 $730,000 $730,000 98.1% 98.1% 41 41 ---
+/– +/– - 16.7% - 16.7% + 62.5% + 62.5% + 9.4% + 9.4% + 1.2% + 1.2% - 66.7% - 66.7% ---
Year Year to to Date Date ++ // –– -- 6.7% 6.7% -- 30.0% 30.0% ++ 39.1% 39.1% ++ 3.9% 3.9%
2-2023 2-2023 36 36
2-2024 2-2024 24 24
14 14 $269,500 $269,500
12 12 $301,500 $301,500
96.1% 96.1% 92 92
97.8% 97.8% 106 106
---
---
++ 32.1% 32.1% ++ 7.1% 7.1%
++ // –– -- 33.3% 33.3% -- 14.3% 14.3% ++ 11.9% 11.9% ++ 1.8% 1.8% ++ 15.9% 15.9% ---
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
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, 2024. 2024. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2024 2024ShowingTime. ShowingTime.