Chicago Neighborhood Market Report

Chicago Neighborhood Market Report
Updated April 15th, 2012
Insight, trends and outlook on your local real estate market.
Chicago Area and Neighborhood List
Local
Market Update
2011
Area Name
Page December
Sub-Neighborhoods
Rogers Park

Loyola
Rogers Park
Edgewater

Andersonville
Edgewater
Edgewater Glen
Lakewood/Balmoral
Uptown

Lincoln Square

North Center

Northcenter
Roscoe Village
Saint Bens
Lakeview

Lake View East

North Halsted
West Lakeview
Wrigleyville
Lincoln Park

Near North Side

Logan Square

10
Area Name
Page
Sub-Neighborhoods
West Town

11
Ukrainian Village
Wicker Park
River West
Logan Square
Noble Square
Loop

12
The Loop
New Eastside
Printers Row
South Loop
Albany Park

13
Albany Park
Mayfair
North Mayfair
Ravenswood Manor
Irving Park

14
Irving Park
Kilbourn Park
Old Irving Park
The Villa
Avondale

15
Avondale
Jackowo
Waclawowo
16
DePaul
Old Town Triangle
Park West
Lincoln Park
Ranch Triangle
Sheffield Neighbors
Wrightwood Neighbors
Near West Side

Columbus Circle
Greektown
Little Italy
Medical Center
Near West Side
Fulton River District
University Village
Tri-Taylor
Old Town
Gold Coast
Near North Side
Magnificent Mile
River North
Streeterville
Near South Side

17
Dearborn Park
Near South Side
Museum Park
Prarie Ave. Historic
District
Kenwood
18
Kenwood
Logan Square
Bucktown
Palmer Square
Hyde Park
19
Hyde Park
Clarendon Park
Buena Park
Sheridan Park
Uptown
Lincoln Square
Bowmanville
Ravenswood
Ravenswood Gardens
*Eachdotrepresentsthechangeinmediansalespricefromtheprioryearusinga6-monthweightedaverage.Thismeansthateachofthe6monthsusedinadotare
proportionedaccordingtotheirshareofsalesduringthatperiod.|AlldatafromMidwestRealEstateDataLLC.Poweredby10KResearchandMarketing.
ARESEARCHTOOLPROVIDEDBYMIDWESTREALESTATEDATALLC
RESIDENTIALACTIVITYONLY|DatacurrentasofJanuary17,2012
Rogers Park
Local Market Update -- March 2012
-27.4%
+11.1%
-34.0%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
Detached Single-Family
NewListings
UnderContract(includesContingentandPending)
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
PercentofOriginalListPriceReceived*
AverageMarketTime
InventoryofHomesforSaleatMonthEnd
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
13
-69.2%
70
44
-37.1%
-75.0%
19
30
+57.9%
-50.0%
20
29
+45.0%
$290,000
$410,000
+41.4%
$338,750
$256,000
-24.4%
$290,000
$410,000
+41.4%
$347,655
$286,074
-17.7%
80.0%
89.1%
+11.4%
87.4%
87.9%
+0.6%
322
127
-60.6%
188
129
-31.0%
21
11
-47.6%
--
--
--
March
Attached Single-Family
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
InventoryofHomesforSale
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
93
73
-21.5%
1,016
781
-23.1%
39
58
+48.7%
329
406
+23.4%
25
29
+16.0%
338
338
0.0%
$87 000
$87,000
$70 500
$70,500
- 19 0%
-19.0%
$104 500
$104,500
$62 025
$62,025
- 40 6%
-40.6%
$119,775
$74,252
-38.0%
$123,993
$84,749
-31.7%
91.1%
81.9%
-10.2%
90.9%
85.2%
-6.3%
205
207
+1.0%
151
157
+4.3%
379
253
-33.2%
--
--
--
*Doesnotaccountforsellerconcessions.|Activityforonemonthcansometimeslookextremeduetosmallsamplesize.
Change in Median Sales Price from Prior Year (6-Month Average)**

DetachedSingle-Family
AllMLS
8001-CHI-RogersPark
b
a
AllMLS
8001-CHI-RogersPark
0%
+140%
+120%
- 10%
+100%
+80%
- 20%
+60%
- 30%
+40%
+20%
- 40%
0%
- 20%
- 50%
- 40%
- 60%
1-2009
1-2010
1-2011
- 60%
1-2009
1-2012
1-2010
1-2011
1-2012
*Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are
proportioned according to their share of sales during that period. | All data from Midwest Real Estate Data LLC. Powered by 10K Research and Marketing.
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of April 15, 2012
Edgewater
-28.9%
+21.6%
-29.1%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
3-2011
3-2012
15
10
Trailing12Mos.
+/
3-2011
3-2012
+/
13
-13.3%
-80.0%
119
99
-16.8%
55
51
-7.3%
-50.0%
47
62
+31.9%
$531,000
$531,000
$480,000
-9.6%
$538,175
$477,500
-11.3%
$480,000
-9.6%
$571,138
$509,156
-10.9%
92.1%
82.8%
-10.1%
92.7%
90.4%
-2.5%
102
54
-47.1%
132
161
+21.7%
39
30
-23.1%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
137
95
-30.7%
1,356
1,056
-22.1%
37
74
+100.0%
389
504
+29.6%
35
44
+25.7%
436
427
-2.1%
$115 000
$115,000
$121 250
$121,250
+ 5 4%
+5.4%
$176 750
$176,750
$138 000
$138,000
- 21 9%
-21.9%
$155,794
$151,290
-2.9%
$188,665
$160,878
-14.7%
86.2%
90.6%
+5.1%
89.2%
87.0%
-2.4%
162
177
+9.0%
163
162
-0.9%
507
357
-29.6%
--
--
--

AllMLS
8077-CHI-Edgewater
+30%
+20%
+20%
+10%
+10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009
1-2010
1-2011
- 40%
1-2009
1-2012
1-2010
AllMLS
8077-CHI-Edgewater
1-2011
1-2012
Uptown
-19.0%
+38.2%
-40.4%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
10
+25.0%
66
58
-12.1%
+500.0%
16
29
+81.3%
0.0%
19
23
+21.1%
$1,228,500
$680,000
-44.6%
$556,000
$635,000
+14.2%
$1,228,500
$680,000
-44.6%
$670,618
$661,870
-1.3%
85.7%
92.4%
+7.9%
86.0%
87.8%
+2.0%
148
178
+19.9%
162
221
+36.5%
26
15
-42.3%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
176
139
-21.0%
1,539
1,213
-21.2%
32
62
+93.8%
375
508
+35.5%
32
45
+40.6%
418
441
+5.5%
$123 200
$123,200
$160 000
$160,000
+ 29 9%
+29.9%
$224 000
$224,000
$172 000
$172,000
- 23 2%
-23.2%
$169,017
$179,542
+6.2%
$220,226
$182,054
-17.3%
84.0%
88.0%
+4.8%
89.3%
86.8%
-2.7%
194
218
+12.3%
150
175
+17.2%
590
352
-40.3%
--
--
--

AllMLS
8003-CHI-Uptown
b
a
+100%
+5%
+80%
0%
AllMLS
8003-CHI-Uptown
- 5%
+60%
- 10%
+40%
- 15%
+20%
- 20%
0%
- 25%
- 20%
- 30%
- 40%
- 60%
1-2009
- 35%
1-2010
1-2011
- 40%
1-2009
1-2012
1-2010
1-2011
1-2012
Lincoln Square
-22.8%
+13.0%
-48.8%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
17
21
+23.5%
163
180
+10.4%
11
+37.5%
67
100
+49.3%
13
+225.0%
71
94
+32.4%
$288,250
$500,000
+73.5%
$490,000
$463,750
-5.4%
$375,375
$568,231
+51.4%
$562,971
$526,375
-6.5%
77.4%
91.8%
+18.6%
89.6%
90.7%
+1.2%
316
93
-70.7%
147
123
-15.9%
55
35
-36.4%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
75
50
-33.3%
701
530
-24.4%
33
34
+3.0%
265
271
+2.3%
19
13
-31.6%
278
245
-11.9%
$109 000
$109,000
$160 000
$160,000
+ 46 8%
+46.8%
$213 000
$213,000
$200 000
$200,000
- 6 1%
-6.1%
$138,500
$198,038
+43.0%
$207,484
$199,370
-3.9%
93.4%
102.0%
+9.3%
92.7%
93.3%
+0.7%
159
193
+21.7%
127
154
+20.9%
234
113
-51.7%
--
--
--

AllMLS
8004-CHI-LincolnSquare
b
a
AllMLS
8004-CHI-LincolnSquare
+100%
+25%
+20%
+80%
+15%
+60%
+10%
+5%
+40%
0%
+20%
- 5%
0%
- 10%
- 15%
- 20%
- 20%
- 40%
- 25%
- 30%
1-2009
1-2010
1-2011
- 60%
1-2009
1-2012
1-2010
1-2011
1-2012
North Center
+0.9%
-47.6%
-34.3%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
39
42
+7.7%
361
371
+2.8%
16
26
+62.5%
154
186
+20.8%
19
-68.4%
152
168
+10.5%
$702,000
$522,500
-25.6%
$745,000
$800,000
+7.4%
$784,211
$673,481
-14.1%
$771,616
$804,046
+4.2%
89.9%
82.1%
-8.7%
91.1%
92.3%
+1.3%
150
255
+70.1%
134
108
-19.0%
94
68
-27.7%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
73
71
-2.7%
633
485
-23.4%
34
41
+20.6%
256
230
-10.2%
23
16
-30.4%
277
215
-22.4%
$367 500
$367,500
$315 000
$315,000
- 14 3%
-14.3%
$377 000
$377,000
$350 000
$350,000
- 7 2%
-7.2%
$350,387
$313,588
-10.5%
$376,649
$347,432
-7.8%
95.9%
95.4%
-0.5%
95.7%
94.4%
-1.3%
155
220
+41.9%
140
164
+16.8%
212
133
-37.3%
--
--
--

AllMLS
8005-CHI-NorthCenter
b
a
+30%
+10%
+20%
+5%
+10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 30%
- 20%
- 40%
1-2009
1-2010
1-2011
- 25%
1-2009
1-2012
1-2010
AllMLS
8005-CHI-NorthCenter
1-2011
1-2012
LakeView
-20.2%
+53.9%
-34.8%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
30
35
+16.7%
310
344
+11.0%
11
21
+90.9%
105
138
+31.4%
-25.0%
107
120
+12.1%
$861,000
$1,342,500
+55.9%
$1,070,000
$1,053,000
-1.6%
$1,088,026
$1,486,250
+36.6%
$1,109,535
$1,127,907
+1.7%
91.7%
91.4%
-0.3%
90.1%
91.0%
+0.9%
285
236
-17.3%
172
134
-22.4%
92
63
-31.5%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
376
289
-23.1%
3,190
2,727
-14.5%
115
192
+67.0%
1,078
1,252
+16.1%
68
111
+63.2%
1,158
1,147
-0.9%
$297 500
$297,500
$300 000
$300,000
+ 0 8%
+0.8%
$325 000
$325,000
$324 500
$324,500
- 0 2%
-0.2%
$309,372
$300,246
-2.9%
$342,463
$334,083
-2.4%
88.2%
89.8%
+1.9%
91.5%
90.4%
-1.2%
183
171
-6.6%
145
157
+8.5%
1,092
709
-35.1%
--
--
--

AllMLS
8006-CHI-LakeView
+40%
+15%
+30%
+10%
+20%
AllMLS
8006-CHI-LakeView
+5%
+10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 30%
- 20%
- 40%
- 50%
1-2009
1-2010
1-2011
- 25%
1-2009
1-2012
1-2010
1-2011
1-2012
Lincoln Park
-17.2%
+7.1%
-24.6%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
50
60
+20.0%
464
459
-1.1%
14
16
+14.3%
144
162
+12.5%
13
+62.5%
137
155
+13.1%
$1,272,500
$1,200,000
-5.7%
$1,300,000
$1,281,250
-1.4%
$1,578,750
$1,613,474
+2.2%
$1,606,958
$1,545,858
-3.8%
89.6%
91.8%
+2.5%
90.4%
89.2%
-1.3%
159
221
+39.2%
163
184
+12.7%
149
152
+2.0%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
241
181
-24.9%
2,019
1,842
-8.8%
72
107
+48.6%
677
807
+19.2%
62
62
0.0%
708
699
-1.3%
$383 500
$383,500
$394 250
$394,250
+ 2 8%
+2.8%
$395 000
$395,000
$385 000
$385,000
- 2 5%
-2.5%
$405,886
$401,584
-1.1%
$423,038
$421,375
-0.4%
92.3%
92.8%
+0.6%
91.6%
91.6%
+0.0%
177
161
-8.8%
145
153
+5.5%
668
464
-30.5%
--
--
--

AllMLS
8007-CHI-LincolnPark
b
a
AllMLS
8007-CHI-LincolnPark
+10%
+30%
+5%
+20%
0%
+10%
- 5%
0%
- 10%
- 10%
- 15%
- 20%
- 30%
1-2009
- 20%
1-2010
1-2011
- 25%
1-2009
1-2012
1-2010
1-2011
1-2012
Near North Side

-29.1%
+18.7%
-34.4%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
13
10
-23.1%
78
91
+16.7%
-33.3%
22
19
-13.6%
-100.0%
20
17
-15.0%
$1,737,500
$0
-100.0%
$2,055,000
$1,245,000
-39.4%
-17.4%
$2,782,500
$0
-100.0%
$2,654,156
$2,192,588
83.5%
0.0%
-100.0%
82.1%
89.5%
+9.0%
415
-100.0%
330
190
-42.6%
45
39
-13.3%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
524
371
-29.2%
5,143
3,923
-23.7%
178
242
+36.0%
1,862
2,056
+10.4%
152
184
+21.1%
1,915
1,915
0.0%
$385 750
$385,750
$317 500
$317,500
- 17 7%
-17.7%
$351 500
$351,500
$310 000
$310,000
- 11 8%
-11.8%
$590,425
$486,828
-17.5%
$547,211
$491,392
-10.2%
91.2%
91.5%
+0.3%
92.8%
91.7%
-1.2%
183
182
-0.1%
155
166
+6.8%
1,927
1,254
-34.9%
--
--
--

AllMLS
8008-CHI-NearNorthSide
b
a
AllMLS
8008-CHI-NearNorthSide
+10%
+140%
+120%
+5%
+100%
0%
+80%
+60%
- 5%
+40%
- 10%
+20%
- 15%
0%
- 20%
- 20%
- 40%
1-2009
1-2010
1-2011
- 25%
1-2009
1-2012
1-2010
1-2011
1-2012
Logan Square
-8.0%
0.0%
-32.9%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
38
56
+47.4%
382
368
-3.7%
18
25
+38.9%
165
189
+14.5%
12
14
+16.7%
163
180
+10.4%
$595,000
$310,000
-47.9%
$455,000
$377,500
-17.0%
$519,113
$338,600
-34.8%
$498,248
$441,729
-11.3%
89.9%
93.4%
+3.9%
92.0%
91.8%
-0.2%
160
159
-0.9%
154
125
-19.0%
114
102
-10.5%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
87
59
-32.2%
895
664
-25.8%
28
48
+71.4%
228
287
+25.9%
19
17
-10.5%
254
244
-3.9%
$225 000
$225,000
$244 000
$244,000
+ 8 4%
+8.4%
$265 000
$265,000
$243 500
$243,500
- 8 1%
-8.1%
$212,869
$232,864
+9.4%
$265,185
$236,576
-10.8%
89.3%
90.3%
+1.1%
91.4%
90.4%
-1.1%
166
153
-7.8%
138
156
+12.5%
305
179
-41.3%
--
--
--

AllMLS
8022-CHI-LoganSquare
b
a
+80%
+10%
+60%
+5%
+40%
0%
+20%
- 5%
0%
- 10%
- 20%
- 15%
- 40%
- 20%
- 60%
1-2009
1-2010
1-2011
1-2012
- 25%
1-2009
1-2010
AllMLS
8022-CHI-LoganSquare
1-2011
1-2012
10
West Town
-27.6%
+59.0%
-45.1%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
35
40
+14.3%
397
399
+0.5%
16
26
+62.5%
141
183
+29.8%
11
20
+81.8%
136
161
+18.4%
$437,000
$568,000
+30.0%
$597,125
$606,000
+1.5%
$552,455
$597,750
+8.2%
$612,487
$621,484
+1.5%
87.5%
90.2%
+3.1%
91.3%
91.6%
+0.4%
246
182
-25.9%
169
146
-13.3%
126
91
-27.8%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
259
173
-33.2%
2,441
1,784
-26.9%
76
124
+63.2%
719
835
+16.1%
50
77
+54.0%
751
748
-0.4%
$327 500
$327,500
$329 000
$329,000
+ 0 5%
+0.5%
$340 000
$340,000
$315 000
$315,000
- 7 4%
-7.4%
$335,709
$326,441
-2.8%
$350,420
$330,798
-5.6%
93.2%
93.0%
-0.2%
92.5%
91.1%
-1.5%
189
172
-9.1%
136
164
+20.7%
763
397
-48.0%
--
--
--

AllMLS
8024-CHI-WestTown
b
a
AllMLS
8024-CHI-WestTown
+10%
+30%
+5%
+20%
0%
+10%
- 5%
0%
- 10%
- 10%
- 15%
- 20%
- 30%
1-2009
- 20%
1-2010
1-2011
1-2012
- 25%
1-2009
1-2010
1-2011
1-2012
11
Loop
-12.2%
+20.9%
-39.9%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
--
-100.0%
--
--
--
--
$0
$0
--
$0
$0
--
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
$0
$0
--
$0
$0
--
0.0%
0.0%
--
0.0%
0.0%
--
--
--
--
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
156
137
-12.2%
1,553
1,408
-9.3%
48
94
+95.8%
625
684
+9.4%
43
52
+20.9%
707
611
-13.6%
$215 000
$215,000
$289 500
$289,500
+ 34 7%
+34.7%
$351 140
$351,140
$290 200
$290,200
- 17 4%
-17.4%
$341,000
$406,720
+19.3%
$512,866
$386,344
-24.7%
89.3%
90.7%
+1.6%
95.4%
91.9%
-3.7%
220
177
-19.3%
129
151
+16.9%
627
377
-39.9%
--
--
--

AllMLS
8032-CHI-Loop
b
a
AllMLS
8032-CHI-Loop
+30%
+5%
+20%
0%
+10%
- 5%
0%
- 10%
- 10%
- 15%
- 20%
- 20%
- 25%
1-2009
- 30%
1-2010
1-2011
1-2012
- 40%
1-2009
1-2010
1-2011
1-2012
12
Albany Park
-29.3%
+25.0%
-44.5%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
17
11
-35.3%
170
188
+10.6%
14
13
-7.1%
84
105
+25.0%
0.0%
85
93
+9.4%
$219,900
$210,000
-4.5%
$255,500
$210,000
-17.8%
$258,480
$303,000
+17.2%
$295,288
$245,986
-16.7%
92.7%
101.6%
+9.6%
92.8%
91.2%
-1.7%
244
133
-45.3%
124
130
+4.1%
59
45
-23.7%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
41
30
-26.8%
445
349
-21.6%
12
23
+91.7%
126
187
+48.4%
11
15
+36.4%
138
149
+8.0%
$55 000
$55,000
$57 000
$57,000
+ 3 6%
+3.6%
$109 500
$109,500
$64 500
$64,500
- 41 1%
-41.1%
$74,211
$89,108
+20.1%
$127,481
$94,044
-26.2%
83.1%
84.4%
+1.6%
89.0%
88.4%
-0.8%
227
234
+3.1%
142
151
+6.8%
170
82
-51.8%
--
--
--

AllMLS
8014-CHI-AlbanyPark
+15%
+30%
+10%
+20%
+5%
+10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 30%
- 20%
- 40%
- 25%
- 50%
- 30%
- 60%
- 35%
1-2009
1-2010
1-2011
1-2012
- 70%
1-2009
1-2010
AllMLS
8014-CHI-AlbanyPark
1-2011
1-2012
13
Irving Park
-3.9%
-12.9%
-38.3%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
39
40
+2.6%
400
398
-0.5%
12
26
+116.7%
165
202
+22.4%
18
12
-33.3%
171
169
-1.2%
$331,000
$224,950
-32.0%
$261,000
$253,000
-3.1%
$319,611
$228,150
-28.6%
$304,262
$293,886
-3.4%
89.9%
93.5%
+4.0%
89.0%
90.6%
+1.8%
176
118
-32.8%
141
146
+3.5%
121
94
-22.3%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
37
33
-10.8%
483
346
-28.4%
10
25
+150.0%
112
169
+50.9%
13
15
+15.4%
123
140
+13.8%
$167 000
$167,000
$70 000
$70,000
- 58 1%
-58.1%
$155 000
$155,000
$100 000
$100,000
- 35 5%
-35.5%
$193,392
$92,340
-52.3%
$170,699
$123,889
-27.4%
89.1%
81.8%
-8.2%
88.2%
82.3%
-6.6%
176
146
-16.7%
159
193
+21.2%
208
109
-47.6%
--
--
--

AllMLS
8016-CHI-IrvingPark
b
a
AllMLS
8016-CHI-IrvingPark
+20%
+50%
+40%
+10%
+30%
0%
+20%
+10%
- 10%
0%
- 20%
- 10%
- 20%
- 30%
- 30%
- 40%
1-2009
1-2010
1-2011
1-2012
- 40%
1-2009
1-2010
1-2011
1-2012
14
Avondale
-12.2%
-12.5%
-42.1%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
15
20
+33.3%
176
162
-8.0%
10
13
+30.0%
68
92
+35.3%
-37.5%
66
84
+27.3%
$210,825
$232,000
+10.0%
$172,500
$223,000
+29.3%
$245,081
$220,400
-10.1%
$207,698
$236,465
+13.9%
91.9%
81.7%
-11.0%
91.9%
90.4%
-1.6%
134
156
+17.0%
145
106
-26.6%
52
35
-32.7%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
34
23
-32.4%
348
279
-19.8%
25
+257.1%
82
132
+61.0%
+12.5%
91
100
+9.9%
$177 450
$177,450
$119 000
$119,000
- 32 9%
-32.9%
$178 000
$178,000
$140 000
$140,000
- 21 3%
-21.3%
$191,900
$141,893
-26.1%
$186,720
$140,454
-24.8%
85.0%
88.2%
+3.7%
91.2%
84.8%
-7.0%
176
213
+21.0%
146
188
+28.9%
131
71
-45.8%
--
--
--

AllMLS
8021-CHI-Avondale
b
a
AllMLS
8021-CHI-Avondale
+80%
+140%
+120%
+60%
+100%
+40%
+80%
+60%
+20%
+40%
0%
+20%
0%
- 20%
- 20%
- 40%
- 40%
- 60%
1-2009
1-2010
1-2011
1-2012
- 60%
1-2009
1-2010
1-2011
1-2012
15
Near West Side

-31.1%
+60.0%
-47.7%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
+20.0%
80
65
-18.8%
+50.0%
26
23
-11.5%
-50.0%
28
20
-28.6%
$172,000
$1,050,000
+510.5%
$220,000
$189,000
-14.1%
$172,000
$1,050,000
+510.5%
$402,155
$376,014
-6.5%
64.8%
88.2%
+36.2%
84.2%
92.5%
+9.9%
234
82
-65.0%
195
105
-46.0%
27
19
-29.6%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
201
136
-32.3%
2,014
1,629
-19.1%
86
104
+20.9%
597
914
+53.1%
43
71
+65.1%
626
779
+24.4%
$240 000
$240,000
$235 000
$235,000
- 2 1%
-2.1%
$280 000
$280,000
$250 000
$250,000
- 10 7%
-10.7%
$275,505
$273,661
-0.7%
$302,723
$273,569
-9.6%
93.3%
91.9%
-1.5%
93.4%
92.3%
-1.2%
160
165
+2.6%
149
151
+1.7%
721
372
-48.4%
--
--
--

AllMLS
8028-CHI-NearWestSide
b
a
AllMLS
8028-CHI-NearWestSide
+5%
+450%
+400%
0%
+350%
+300%
- 5%
+250%
+200%
- 10%
+150%
+100%
- 15%
+50%
0%
- 20%
- 50%
- 100%
1-2009
1-2010
1-2011
1-2012
- 25%
1-2009
1-2010
1-2011
1-2012
16
Near South Side

-37.3%
+24.3%
-29.8%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
0.0%
17
20
+17.6%
--
-16.7%
--
-28.6%
$0
$885,000
--
$772,500
$885,000
+14.6%
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
$0
$885,000
--
$887,286
$994,500
+12.1%
0.0%
87.2%
--
88.1%
90.1%
+2.3%
186
--
113
108
-4.2%
0.0%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
133
83
-37.6%
1,255
944
-24.8%
48
76
+58.3%
439
526
+19.8%
37
45
+21.6%
528
422
-20.1%
$243 000
$243,000
$225 000
$225,000
- 7 4%
-7.4%
$311 385
$311,385
$265 000
$265,000
- 14 9%
-14.9%
$313,714
$289,007
-7.9%
$371,339
$313,670
-15.5%
91.2%
92.5%
+1.4%
95.7%
91.4%
-4.5%
173
166
-3.8%
170
175
+2.8%
896
628
-29.9%
--
--
--

AllMLS
8033-CHI-NearSouthSide
b
a
AllMLS
8033-CHI-NearSouthSide
+50%
+30%
+40%
+20%
+30%
+10%
+20%
+10%
0%
0%
- 10%
- 10%
- 20%
- 30%
1-2009
- 20%
1-2010
1-2011
1-2012
- 30%
1-2009
1-2010
1-2011
1-2012
17
Kenwood
+16.0%
+33.3%
-16.1%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
+100.0%
79
62
-21.5%
+300.0%
32
24
-25.0%
0.0%
34
20
-41.2%
$65,000
$167,000
+156.9%
$441,000
$395,625
-10.3%
$65,000
$167,000
+156.9%
$600,586
$580,038
-3.4%
0.0%
101.2%
--
86.0%
85.2%
-1.0%
427
-98.4%
220
262
+19.0%
29
20
-31.0%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
22
23
+4.5%
286
257
-10.1%
12
+50.0%
75
98
+30.7%
+40.0%
78
88
+12.8%
$52 000
$52,000
$64 900
$64,900
+ 24 8%
+24.8%
$144 450
$144,450
$137 000
$137,000
- 5 2%
-5.2%
$71,685
$111,105
+55.0%
$163,973
$160,415
-2.2%
91.0%
82.3%
-9.6%
83.1%
86.4%
+3.9%
175
242
+38.5%
213
161
-24.7%
132
115
-12.9%
--
--
--

AllMLS
8039-CHI-Kenwood
b
a
AllMLS
8039-CHI-Kenwood
+40%
+160%
+140%
+30%
+120%
+20%
+100%
+10%
+80%
0%
+60%
+40%
- 10%
+20%
- 20%
0%
- 30%
- 20%
- 40%
1-2009
1-2010
1-2011
1-2012
- 40%
1-2009
1-2010
1-2011
1-2012
18
Hyde Park
-1.8%
-23.1%
-18.9%
Changein
NewListings
AllProperties
Changein
ClosedSales
AllProperties
Changein
InventoryofHomes
AllProperties
March
NewListings
ClosedSales
MedianSalesPrice*
AverageSalesPrice*
AverageMarketTime
3-2011
3-2012
10
$425,000
Trailing12Mos.
+/
3-2011
3-2012
+/
+66.7%
50
54
+8.0%
+250.0%
20
21
+5.0%
-100.0%
18
17
-5.6%
$0
-100.0%
$621,000
$560,000
-9.8%
$408,333
$0
-100.0%
$715,000
$707,338
-1.1%
76.5%
0.0%
-100.0%
83.7%
86.9%
+3.8%
164
-100.0%
148
177
+19.1%
19
25
+31.6%
--
--
--
March
NewListings
ClosedSales
Median Sales Price*
MedianSalesPrice
AverageSalesPrice*
AverageMarketTime
Trailing12Mos.
3-2011
3-2012
+/
3-2011
3-2012
+/
49
44
-10.2%
405
399
-1.5%
11
23
+109.1%
119
171
+43.7%
10
10
0.0%
127
146
+15.0%
$183 000
$183,000
$170 000
$170,000
- 7 1%
-7.1%
$176 000
$176,000
$150 000
$150,000
- 14 8%
-14.8%
$205,410
$203,850
-0.8%
$216,660
$191,867
-11.4%
90.8%
81.5%
-10.2%
85.8%
84.0%
-2.1%
320
282
-11.8%
183
197
+7.8%
224
172
-23.2%
--
--
--

AllMLS
8041-CHI-HydePark
+160%
+20%
+140%
+15%
+120%
AllMLS
8041-CHI-HydePark
+10%
+100%
+5%
+80%
+60%
0%
+40%
- 5%
+20%
- 10%
0%
- 15%
- 20%
- 20%
- 40%
- 60%
1-2009
1-2010
1-2011
1-2012
- 25%
1-2009
1-2010
1-2011
1-2012
19

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Chicago Neighborhood Market Report

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Chicago Neighborhood Market Report

Updated April 15th, 2012

Insight, trends and outlook on your local real estate market.

Chicago Area and Neighborhood List

Lake View East

Near North Side

Near West Side

Near South Side

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Near North Side

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Near West Side

Change in Median Sales Price from Prior Year (6-Month Average)**

Near South Side

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

Change in Median Sales Price from Prior Year (6-Month Average)**

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