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.

$512,405.17
Average price last 6 months
$286.67
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 September, the average price per sq.feet was $275. In the following month the price per sq.feet increased to $307. In the following two months the price per sq.feet has barely changed, going from $291 to $281.5 per sq.feet. 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 $286.25 to $287.5 during January y February

Average price

Based upon to the price in Chicago (cities), this has gone up in the last 6 months. The average price during our first sample month during September, is $465,299. During October the price went through a considerable rise reaching $578,196. During the following two months (November, December) the average price fell 91 % 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 gone up 109 % 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 $553,990 they are 47 % more affordable than the average price for Chicago. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $641,899.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $248 / sq.feet, with an average $303 / sq.feet price in Chicago. The properties with the highest average prices have 2 bedrooms. They are 10 % more expensive than the average followed by properties with 1 bedroom with a price at $328 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $553,990 it is 5 % cheaper than the average price in Chicago. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $661,775 it is 114 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $185 / sq.feet followed by "House" priced at $262 / sq.feet. "Land" is the most costly type of property with a $403,029 / sq.feet cost followed by "Condo" with an average price of $364 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Chicago
Number of properties used in region Illinois
$553,990
$303
143,766
592,538
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value