Local Market Market Update Update –– May Local May 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 June 14, 2023 RESIDENTIAL ACTIVITY ONLY | Data current as of June 14, 2023
AVONDALE
+ + 6.7% 6.7%
-- 14.3% 14.3%
-- 38.0% 38.0%
Local MarketUpdate Update | May 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
May May
Detached Single-Family Single-Family Detached
5-2022 5-2022 17 17 7 7 $525,000 $525,000 104.0% 104.0% 23 23 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
5-2023 5-2023 24 24 10 10 $441,000 $441,000 101.5% 101.5% 29 29 15 15
Year Year to to Date Date +/– +/– + 41.2% + 41.2% + 42.9% + 42.9% - 16.0% - 16.0% - 2.4% - 2.4% + 24.0% + 24.0% - 25.0% - 25.0%
5-2022 5-2022 88 88 48 48 $657,500 $657,500 100.7% 100.7% 37 37 ---
May May
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
5-2022 5-2022 28 28
5-2023 5-2023 24 24
21 21 $339,000 $339,000
14 14 $437,500 $437,500
99.7% 99.7% 34 34
101.3% 101.3% 29 29
30 30
16 16
Market Time Time Market Inventory of Homes Homes for for Sale Sale Inventory of
5-2023 5-2023 60 60 30 30 $632,500 $632,500 99.3% 99.3% 99 99 ---
+/– +/– - 31.8% - 31.8% - 37.5% - 37.5% - 3.8% - 3.8% - 1.3% - 1.3% + 169.7% + 169.7% ---
Year Year to to Date Date ++ // –– -- 14.3% 14.3% -- 33.3% 33.3% ++ 29.1% 29.1% ++ 1.6% 1.6%
5-2022 5-2022 127 127
5-2023 5-2023 96 96
81 81 $340,000 $340,000
64 64 $435,338 $435,338
99.4% 99.4% 54 54
99.3% 99.3% 54 54
---
---
-- 16.6% 16.6% -- 46.7% 46.7%
++ // –– -- 24.4% 24.4% -- 21.0% 21.0% ++ 28.0% 28.0% -- 0.1% 0.1% ++ 0.3% 0.3% ---
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 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 June June 14, 14, 2023. 2023. All All data data from from Midwest Midwest Real Real Estate EstateData. Data.Report Report© ©2023 2023ShowingTime. ShowingTime.