Local Market Market Update Update –– June Local June 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 July 14, 2023 RESIDENTIAL ACTIVITY ONLY | Data current as of July 14, 2023
AVONDALE
-- 34.6% 34.6%
-- 35.3% 35.3%
-- 56.4% 56.4%
Local MarketUpdate Update | June 2021 2023 Local Market | October
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
June June
Detached Single-Family Single-Family Detached
6-2022 6-2022 21 21 13 13 $805,000 $805,000 96.9% 96.9% 18 18 20 20
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
6-2023 6-2023 14 14 8 8 $467,250 $467,250 97.9% 97.9% 30 30 11 11
Year Year to to Date Date +/– +/– - 33.3% - 33.3% - 38.5% - 38.5% - 42.0% - 42.0% + 1.0% + 1.0% + 68.2% + 68.2% - 45.0% - 45.0%
6-2022 6-2022 109 109 61 61 $680,000 $680,000 99.9% 99.9% 33 33 ---
June June
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
6-2022 6-2022 31 31
6-2023 6-2023 20 20
21 21 $389,000 $389,000
14 14 $425,000 $425,000
99.9% 99.9% 12 12
100.1% 100.1% 52 52
35 35
13 13
Market Time Time Market Inventory of Homes Homes for for Sale Sale Inventory of
6-2023 6-2023 74 74 38 38 $578,245 $578,245 99.0% 99.0% 85 85 ---
+/– +/– - 32.1% - 32.1% - 37.7% - 37.7% - 15.0% - 15.0% - 0.8% - 0.8% + 158.6% + 158.6% ---
Year Year to to Date Date ++ // –– -- 35.5% 35.5% -- 33.3% 33.3% ++ 9.3% 9.3% ++ 0.2% 0.2%
6-2022 6-2022 158 158
6-2023 6-2023 116 116
102 102 $349,500 $349,500
78 78 $435,338 $435,338
99.5% 99.5% 45 45
99.4% 99.4% 54 54
---
---
++ 348.8% 348.8% -- 62.9% 62.9%
++ // –– -- 26.6% 26.6% -- 23.5% 23.5% ++ 24.6% 24.6% -- 0.1% 0.1% ++ 18.7% 18.7% ---
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
Attached Single-Family
All All Avondale Avondale
++ 100% 100%
+ 120% 120% +
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 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 July July 14, 14, 2023. 2023. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2023 2023ShowingTime. ShowingTime.