Chicago area home prices up 14 percent in October

Chicago area home prices up 14 percent in October

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Buyers looking to spend about $2 million on a home picked up a condo. a certain price. This month, it’s $2 million. It’s a rarefied price, for sure. In May, only 14 homes in the six-county.

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Metro area condominium and cooperative prices – covering changes in 61 metro areas – showed the national median existing-condo price was $218,600 in the first quarter, up. percent compared to.

That means that at the end of the second quarter, the median price for MLS listed single-family houses in SF hit $1.7 million, while condo prices hit $1.3 million, up $80K and $65K, respectively.

According to recent data analysis from the Illinois Association of REALTORS, the nine country Chicago primary metropolitan statistical area saw sales of condos and single-family houses up 9.6 percent in October on a year-over-year basis.

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October home sales in the metropolitan Chicago real estate market extended the trends that have characterized the local market in 2013. Both the median sales price and the number of homes changing.

Median home sales prices keep rising in Chicago area. Chicago area median home sale prices ticked up in May, reaching the highest level since June 2008, just before the full force of the recession hit. The new figure for median prices stood at $256,000, a 2.8 percent increase from April, according to a RE/MAX housing report cited by Chicago Agent.

A condo that overlooks Michigan Avenue from the 72nd floor, the highest residential space in the Loop, sold for the Loop’s second-highest home price. market in October 2016 at a little less than $6.

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Home prices in Chicagoland had a year-over-year increase of 3.8 percent in October while national prices increased 7 percent, according to the recent CoreLogic Home Price Index.The national increase marks the fourth consecutive month of growth of 6 percent or more.

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