Property prices for sale in Chicago (Illinois)

The prices in real estate in Chicago, in the Illinois region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$447,689
Average price last 6 months
$252.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Chicago has increased during the last 6 months. In August, the average price per sq.feet was $231. In September this price pretty much remained the same at a value of $230 per sq.feet. The price for the following two months in (October, November) had a considerable increment of 117 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $249.75 to $258 during December y January

Average price

Based upon to the price in Chicago (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $379,796. In September This price remains at $363,063. During the following two months (October, November) the average price had a considerable increase of 128 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $559,275 they are 53 % more affordable than the average price for Chicago. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $621,962.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $272 / sq.feet, with an average $237 / sq.feet price in Chicago. The properties with the highest average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $295 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $559,275 it is 45 % cheaper than the average price in Chicago. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Commercial". At a price of $501,251 it is 10 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $131 / sq.feet followed by "Apartment" priced at $154 / sq.feet. "Condo" is the most costly type of property with a $348 / sq.feet cost followed by "Detached House" with an average price of $262 / sq.feet.

Charts data
Average price January
Average price per sq.feet January
Number of properties used in Chicago
Number of properties used in region Illinois
$559,275
$237
111,414
715,852
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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 1
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 2
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 10
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