Local Market Market Update Update –– July Local July 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 August 14, 2023 RESIDENTIAL ACTIVITY ONLY | Data current as of August 14, 2023
AVONDALE
-- 5.4% 5.4%
-- 19.2% 19.2%
-- 52.7% 52.7%
Local MarketUpdate Update | July 2023 Local Market | 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
July July
Detached Single-Family Single-Family Detached
7-2022 7-2022 19 19 9 9 $560,000 $560,000 100.5% 100.5% 32 32 21 21
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
7-2023 7-2023 14 14 6 6 $652,500 $652,500 98.1% 98.1% 56 56 11 11
Year Year to to Date Date +/– +/– - 26.3% - 26.3% - 33.3% - 33.3% + 16.5% + 16.5% - 2.4% - 2.4% + 75.9% + 75.9% - 47.6% - 47.6%
7-2022 7-2022 128 128 70 70 $657,500 $657,500 99.9% 99.9% 33 33 ---
July July
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
7-2022 7-2022 18 18
7-2023 7-2023 21 21
17 17 $312,500 $312,500
15 15 $385,000 $385,000
99.7% 99.7% 17 17
102.7% 102.7% 12 12
34 34
15 15
7-2023 7-2023 88 88 44 44 $578,245 $578,245 98.9% 98.9% 81 81 ---
+/– +/– - 31.3% - 31.3% - 37.1% - 37.1% - 12.1% - 12.1% - 1.1% - 1.1% + 147.6% + 147.6% ---
Year Year to to Date Date ++ // –– ++ 16.7% 16.7% -- 11.8% 11.8% ++ 23.2% 23.2% ++ 3.0% 3.0%
7-2022 7-2022 176 176
7-2023 7-2023 137 137
119 119 $345,000 $345,000
93 93 $415,000 $415,000
99.5% 99.5% 41 41
100.0% 100.0% 47 47
---
---
-- 29.6% 29.6% -- 55.9% 55.9%
++ // –– -- 22.2% 22.2% -- 21.8% 21.8% ++ 20.3% 20.3% ++ 0.4% 0.4% ++ 14.0% 14.0% ---
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 August August 14, 14, 2023. 2023. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2023 2023ShowingTime. ShowingTime.