December Real Estate Market Report for West Town & Chicago

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The temperatures may have been cold in Chicago lately but, the real estate market is heating up in West Town.  New Listings in the West Town neighborhood increased 9.2% for detached homes and increased 15.8% for attached properties. Listings Under Contract decreased 2.2% for detached homes and increased 3.8% for attached properties.

The Median Sales Price in West Town was increased 13.3% to $940,000 for detached homes and increased 5.9% to $450,000 for attached properties. Months Supply of Inventory for detached units is at months and 2.3  months supply for attached units.

Chicago Real Estate Report

New Listings in the City of Chicago were up 4.4% for detached homes and up 7% for attached properties. Listings Under Contract increased 3.9% for detached homes and increased .4% for attached properties.

The Median Sales Price was up 4.5% to $229,900 for detached homes and were up 3.2%  to $320,000 for attached properties. Months Supply of Inventory is 4 months for detached units and 3 months for attached units.

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

Amy.pearson@bairdwarner.com

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