Property prices for sale in Chicago (Illinois)

The price per sq.feet in Chicago has fallen in the last 6 months. In March, the average price per sq.feet was $348. In April this price pretty much remained the same at a value of $340 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $344 to $337 per sq.feet. The price per sq.feet has had a considerable deflation of 83 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $340.5 to $283.5 during July, and August.

Based upon to the price in Chicago (cities), this has fallen considerably in the last 6 months. The average price for March is $790,326. During April the price had a considerable reduction till $591,446. During the following two months (May, June) the price has had an average incrementation from $690,886 to $742,652. During the last two months the average price has had a strong fall compared to the previous four going from $716,769 to $590,031.5, which means a 82 % fall.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $431,966 they are 37 % more affordable than the average price for Chicago. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $424,776.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $231 / sq.feet, with an average $255 / sq.feet price in Chicago. The properties with the highest average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $297 / sq.feet.

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $431,966 it is 1 % cheaper than the average price in Chicago. "House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Land". At a price of $1,133,824 it is 911 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $216 / sq.feet followed by "Townhouse" priced at $288 / sq.feet. "Land" is the most costly type of property with a $393,363 / sq.feet cost followed by "Apartment" with an average price of $11,751 / sq.feet.