Local Market Market Update Update –– March Local March 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 April 14, 2023 RESIDENTIAL ACTIVITY ONLY | Data current as of April 14, 2023
AVONDALE
-- 37.5% 37.5%
-- 38.2% 38.2%
-- 56.8% 56.8%
Local Update | March2021 2023 LocalMarket Market Update | 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
March March
Detached Single-Family Single-Family Detached
3-2022 3-2022 18 18 13 13 $592,500 $592,500 104.1% 104.1% 39 39 16 16
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
3-2023 3-2023 7 7 6 6 $633,250 $633,250 101.6% 101.6% 56 56 9 9
Year Year to to Date Date +/– +/– - 61.1% - 61.1% - 53.8% - 53.8% + 6.9% + 6.9% - 2.5% - 2.5% + 40.9% + 40.9% - 43.8% - 43.8%
3-2022 3-2022 55 55 26 26 $626,250 $626,250 100.2% 100.2% 42 42 ---
March March
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
3-2022 3-2022 30 30
3-2023 3-2023 23 23
21 21 $345,000 $345,000
15 15 $450,000 $450,000
99.8% 99.8% 68 68
100.5% 100.5% 39 39
28 28
10 10
3-2023 3-2023 24 24 14 14 $655,000 $655,000 98.9% 98.9% 94 94 ---
+/– +/– - 56.4% - 56.4% - 46.2% - 46.2% + 4.6% + 4.6% - 1.3% - 1.3% + 122.6% + 122.6% ---
Year Year to to Date Date ++ // –– -- 23.3% 23.3% -- 28.6% 28.6% ++ 30.4% 30.4% ++ 0.7% 0.7%
3-2022 3-2022 71 71
3-2023 3-2023 58 58
38 38 $337,000 $337,000
29 29 $400,000 $400,000
98.8% 98.8% 75 75
98.4% 98.4% 64 64
---
---
-- 43.1% 43.1% -- 64.3% 64.3%
++ // –– -- 18.3% 18.3% -- 23.7% 23.7% ++ 18.7% 18.7% -- 0.4% 0.4% -- 14.1% 14.1% ---
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% +
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 April April 14, 14, 2023. 2023. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2023 2023ShowingTime. ShowingTime.