{"id":22242,"date":"2015-07-16T05:00:31","date_gmt":"2015-07-16T12:00:31","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/research\/?p=22242"},"modified":"2020-10-05T16:23:02","modified_gmt":"2020-10-05T23:23:02","slug":"chicago-housing-market-june-2015","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/chicago-housing-market-june-2015\/","title":{"rendered":"Chicago Home Prices Slow as More Properties Hit the Market"},"content":{"rendered":"

\"Chicago<\/p>\n

Chicago<\/a> home prices rose at their slowest pace in almost three years and the supply of properties for sale shot up 17 percent from a year ago to its highest level since August 2012. Median sale prices advanced 4.5 percent in June, to $287,500, and the number of homes sold rose slightly.<\/p>\n

Price appreciation in the city is slowing as more homeowners put houses, condominiums and co-ops up\u00a0for sale<\/a>. That\u2019s giving buyers more bargaining power and holding prices down. Typically, properties are fetching about 97 percent of their asking price.<\/p>\n

\"Chicago<\/a><\/p>\n

West Loop<\/a> and Ukrainian Village are still the city\u2019s hottest markets, with half of homes selling in nine or 10 days. Both neighborhoods rank high in walkability and are close to transit, and they’re popular with young families.<\/p>\n

\u201cWest Loop is by far the hottest market around,\u201d Redfin agent<\/a>\u00a0Niko Voutsinas said. \u201cA lot of people who got their first condo, say, a decade ago are getting married and having kids and they\u2019ve decided they don\u2019t want to go to suburbia.\u201d\u00a0Wicker Park and Logan Square are selling fast, too.<\/p>\n

Buyers have the upper hand in Pullman, McKinley Park and Englewood, where prices fell from a year ago. Pullman<\/a> had the biggest price drop over the three months that ended in June, down 23.2 percent to $36,500.<\/p>\n

\"Chicago<\/a><\/p>\n

 <\/p>\n

See our city page for the latest information on Chicago home prices<\/a>.<\/p>\n

Here’s what’s happening in your neighborhood:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Neighborhood<\/th>\nMedian Sale Price<\/th>\nYear-Over-Year<\/th>\nHomes sold<\/th>\nYear-Over-Year<\/th>\nInventory<\/th>\nYear-Over-Year<\/th>\n<\/tr>\n<\/thead>\n
Albany Park<\/a><\/td>\n$235,900<\/td>\n33.0%<\/td>\n156<\/td>\n30.0%<\/td>\n287<\/td>\n44.9%<\/td>\n<\/tr>\n
Andersonville<\/a><\/td>\n$346,500<\/td>\n-0.3%<\/td>\n85<\/td>\n11.8%<\/td>\n161<\/td>\n37.6%<\/td>\n<\/tr>\n
Archer Heights<\/a><\/td>\n$157,500<\/td>\n21.2%<\/td>\n29<\/td>\n-17.1%<\/td>\n34<\/td>\n-29.2%<\/td>\n<\/tr>\n
Austin<\/a><\/td>\n$70,000<\/td>\n21.2%<\/td>\n105<\/td>\n-21.1%<\/td>\n209<\/td>\n-13.6%<\/td>\n<\/tr>\n
Avondale<\/a><\/td>\n$329,900<\/td>\n14.7%<\/td>\n140<\/td>\n35.9%<\/td>\n169<\/td>\n18.2%<\/td>\n<\/tr>\n
Beverly<\/a><\/td>\n$257,500<\/td>\n-3.7%<\/td>\n89<\/td>\n6.0%<\/td>\n188<\/td>\n5.6%<\/td>\n<\/tr>\n
Bridgeport<\/a><\/td>\n$319,000<\/td>\n28.6%<\/td>\n53<\/td>\n-15.9%<\/td>\n123<\/td>\n-4.7%<\/td>\n<\/tr>\n
Brighton Park<\/a><\/td>\n$130,000<\/td>\n33.3%<\/td>\n35<\/td>\n-14.6%<\/td>\n48<\/td>\n-11.1%<\/td>\n<\/tr>\n
Bucktown<\/a><\/td>\n$496,250<\/td>\n16.8%<\/td>\n151<\/td>\n4.9%<\/td>\n191<\/td>\n-7.3%<\/td>\n<\/tr>\n
Clearing<\/a><\/td>\n$152,175<\/td>\n-4.9%<\/td>\n117<\/td>\n6.4%<\/td>\n192<\/td>\n6.7%<\/td>\n<\/tr>\n
Edgewater<\/a><\/td>\n$206,000<\/td>\n13.7%<\/td>\n346<\/td>\n15.7%<\/td>\n629<\/td>\n28.4%<\/td>\n<\/tr>\n
Edison Park<\/a><\/td>\n$315,000<\/td>\n9.0%<\/td>\n86<\/td>\n22.9%<\/td>\n112<\/td>\n34.9%<\/td>\n<\/tr>\n
Englewood<\/a><\/td>\n$10,000<\/td>\n-13.0%<\/td>\n19<\/td>\n-24.0%<\/td>\n100<\/td>\n0.0%<\/td>\n<\/tr>\n
Garfield Ridge<\/a><\/td>\n$190,000<\/td>\n11.8%<\/td>\n167<\/td>\n18.4%<\/td>\n280<\/td>\n30.8%<\/td>\n<\/tr>\n
Gold Coast<\/a><\/td>\n$308,000<\/td>\n4.4%<\/td>\n318<\/td>\n7.1%<\/td>\n633<\/td>\n12.0%<\/td>\n<\/tr>\n
Humboldt Park<\/a><\/td>\n$288,500<\/td>\n15.4%<\/td>\n213<\/td>\n12.1%<\/td>\n318<\/td>\n3.2%<\/td>\n<\/tr>\n
Hyde Park<\/a><\/td>\n$215,000<\/td>\n56.1%<\/td>\n129<\/td>\n19.4%<\/td>\n344<\/td>\n-0.9%<\/td>\n<\/tr>\n
Jefferson Park<\/a><\/td>\n$249,500<\/td>\n9.9%<\/td>\n125<\/td>\n0.0%<\/td>\n185<\/td>\n23.3%<\/td>\n<\/tr>\n
Kenwood<\/a><\/td>\n$200,000<\/td>\n29.0%<\/td>\n75<\/td>\n15.4%<\/td>\n222<\/td>\n15.0%<\/td>\n<\/tr>\n
Lincoln Park \/ DePaul<\/a><\/td>\n$490,000<\/td>\n0.1%<\/td>\n732<\/td>\n5.9%<\/td>\n1,143<\/td>\n17.1%<\/td>\n<\/tr>\n
Lincoln Square<\/a><\/td>\n$315,000<\/td>\n38.2%<\/td>\n115<\/td>\n26.4%<\/td>\n182<\/td>\n17.4%<\/td>\n<\/tr>\n
Logan Square<\/a><\/td>\n$327,000<\/td>\n3.0%<\/td>\n280<\/td>\n27.3%<\/td>\n290<\/td>\n3.2%<\/td>\n<\/tr>\n
McKinley Park<\/a><\/td>\n$130,000<\/td>\n-21.2%<\/td>\n25<\/td>\n31.6%<\/td>\n41<\/td>\n5.1%<\/td>\n<\/tr>\n
Montclare<\/a><\/td>\n$193,745<\/td>\n7.3%<\/td>\n58<\/td>\n-3.3%<\/td>\n102<\/td>\n22.9%<\/td>\n<\/tr>\n
Mount Greenwood<\/a><\/td>\n$165,500<\/td>\n-8.1%<\/td>\n90<\/td>\n21.6%<\/td>\n118<\/td>\n-9.2%<\/td>\n<\/tr>\n
Near North Side<\/a><\/td>\n$405,000<\/td>\n5.2%<\/td>\n1,306<\/td>\n4.4%<\/td>\n2,370<\/td>\n6.7%<\/td>\n<\/tr>\n
North Center<\/a><\/td>\n$430,000<\/td>\n-3.2%<\/td>\n176<\/td>\n25.7%<\/td>\n258<\/td>\n43.3%<\/td>\n<\/tr>\n
Old Town<\/a><\/td>\n$328,000<\/td>\n-3.7%<\/td>\n193<\/td>\n-10.2%<\/td>\n293<\/td>\n-1.3%<\/td>\n<\/tr>\n
Portage Park<\/a><\/td>\n$250,000<\/td>\n17.4%<\/td>\n213<\/td>\n-7.4%<\/td>\n365<\/td>\n14.4%<\/td>\n<\/tr>\n
Pullman<\/a><\/td>\n$36,500<\/td>\n-23.2%<\/td>\n27<\/td>\n-10.0%<\/td>\n58<\/td>\n-1.7%<\/td>\n<\/tr>\n
Ravenswood<\/a><\/td>\n$334,400<\/td>\n6.2%<\/td>\n127<\/td>\n47.7%<\/td>\n161<\/td>\n5.2%<\/td>\n<\/tr>\n
River North<\/a><\/td>\n$405,000<\/td>\n7.3%<\/td>\n427<\/td>\n-1.8%<\/td>\n665<\/td>\n6.6%<\/td>\n<\/tr>\n
Rogers Park<\/a><\/td>\n$161,000<\/td>\n51.2%<\/td>\n195<\/td>\n-20.7%<\/td>\n409<\/td>\n16.5%<\/td>\n<\/tr>\n
Roscoe Village<\/a><\/td>\n$473,750<\/td>\n13.7%<\/td>\n157<\/td>\n12.1%<\/td>\n231<\/td>\n8.5%<\/td>\n<\/tr>\n
Sauganash<\/a><\/td>\n$390,000<\/td>\n0.0%<\/td>\n59<\/td>\n-7.8%<\/td>\n125<\/td>\n14.7%<\/td>\n<\/tr>\n
South Lawndale \/ Little Village<\/a><\/td>\n$69,950<\/td>\n33.2%<\/td>\n33<\/td>\n-8.3%<\/td>\n52<\/td>\n0.0%<\/td>\n<\/tr>\n
South Loop<\/a><\/td>\n$342,650<\/td>\n-0.7%<\/td>\n530<\/td>\n7.5%<\/td>\n816<\/td>\n7.2%<\/td>\n<\/tr>\n
South Shore<\/a><\/td>\n$34,842<\/td>\n1.7%<\/td>\n120<\/td>\n0.0%<\/td>\n287<\/td>\n-12.0%<\/td>\n<\/tr>\n
Streeterville<\/a><\/td>\n$450,000<\/td>\n2.6%<\/td>\n301<\/td>\n0.7%<\/td>\n658<\/td>\n-4.4%<\/td>\n<\/tr>\n
The Loop<\/a><\/td>\n$360,000<\/td>\n7.5%<\/td>\n363<\/td>\n-1.9%<\/td>\n684<\/td>\n5.4%<\/td>\n<\/tr>\n
Tri-Taylor<\/a><\/td>\n$177,500<\/td>\n22.4%<\/td>\n26<\/td>\n52.9%<\/td>\n46<\/td>\n100.0%<\/td>\n<\/tr>\n
Ukrainian Village<\/a><\/td>\n$440,000<\/td>\n2.3%<\/td>\n63<\/td>\n0.0%<\/td>\n87<\/td>\n8.8%<\/td>\n<\/tr>\n
Uptown<\/a><\/td>\n$253,000<\/td>\n1.6%<\/td>\n407<\/td>\n-2.2%<\/td>\n730<\/td>\n4.7%<\/td>\n<\/tr>\n
West Loop<\/a><\/td>\n$384,950<\/td>\n17.5%<\/td>\n383<\/td>\n22.4%<\/td>\n298<\/td>\n-9.7%<\/td>\n<\/tr>\n
West Town<\/a><\/td>\n$419,000<\/td>\n7.4%<\/td>\n873<\/td>\n19.8%<\/td>\n962<\/td>\n2.3%<\/td>\n<\/tr>\n
Wicker Park<\/a><\/td>\n$439,950<\/td>\n13.3%<\/td>\n300<\/td>\n40.2%<\/td>\n283<\/td>\n-3.4%<\/td>\n<\/tr>\n
Wrigleyville \/ Lakeview<\/a><\/td>\n$367,250<\/td>\n-4.6%<\/td>\n1,115<\/td>\n15.5%<\/td>\n1,661<\/td>\n14.7%<\/td>\n<\/tr>\n
Chicago, IL<\/b><\/td>\n$287,500<\/b><\/td>\n4.5%<\/b><\/td>\n2,872<\/b><\/td>\n1.4%<\/b><\/td>\n11,080<\/b><\/td>\n17.0%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

NOTE: Not all neighborhoods are listed, but totals for Chicago encompass entire city. \u00a0Data is based on listing information and might not reflect all real estate activity in the market. Neighborhood data is measured over the three months ended June 30. Inventory measures listings active as of June 30.For more information, contact Redfin journalist servicesPhone: 206-588-6863Email: press@redfin.com<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Neighborhood<\/th>\nNew Listings<\/th>\nMedian Days on Market<\/th>\nAvg Sale-to-List<\/th>\nMonths of Supply<\/th>\n<\/tr>\n<\/thead>\n
Albany Park<\/a><\/td>\n303<\/td>\n28<\/td>\n95.6%<\/td>\n0.6<\/td>\n<\/tr>\n
Andersonville<\/a><\/td>\n180<\/td>\n29<\/td>\n96.1%<\/td>\n0.6<\/td>\n<\/tr>\n
Archer Heights<\/a><\/td>\n39<\/td>\n23<\/td>\n93.2%<\/td>\n0.6<\/td>\n<\/tr>\n
Austin<\/a><\/td>\n190<\/td>\n32<\/td>\n96.7%<\/td>\n0.8<\/td>\n<\/tr>\n
Avondale<\/a><\/td>\n209<\/td>\n18<\/td>\n98.3%<\/td>\n0.4<\/td>\n<\/tr>\n
Beverly<\/a><\/td>\n189<\/td>\n40<\/td>\n95.0%<\/td>\n0.9<\/td>\n<\/tr>\n
Bridgeport<\/a><\/td>\n112<\/td>\n30<\/td>\n97.6%<\/td>\n1.0<\/td>\n<\/tr>\n
Brighton Park<\/a><\/td>\n57<\/td>\n14<\/td>\n97.6%<\/td>\n0.6<\/td>\n<\/tr>\n
Bucktown<\/a><\/td>\n252<\/td>\n19<\/td>\n97.2%<\/td>\n0.3<\/td>\n<\/tr>\n
Clearing<\/a><\/td>\n204<\/td>\n35<\/td>\n95.0%<\/td>\n0.6<\/td>\n<\/tr>\n
Edgewater<\/a><\/td>\n659<\/td>\n29<\/td>\n94.3%<\/td>\n0.6<\/td>\n<\/tr>\n
Edison Park<\/a><\/td>\n134<\/td>\n20<\/td>\n95.7%<\/td>\n0.5<\/td>\n<\/tr>\n
Englewood<\/a><\/td>\n65<\/td>\n51<\/td>\n97.6%<\/td>\n2.9<\/td>\n<\/tr>\n
Garfield Ridge<\/a><\/td>\n285<\/td>\n32<\/td>\n95.2%<\/td>\n0.5<\/td>\n<\/tr>\n
Gold Coast<\/a><\/td>\n633<\/td>\n32<\/td>\n94.3%<\/td>\n0.8<\/td>\n<\/tr>\n
Humboldt Park<\/a><\/td>\n361<\/td>\n20<\/td>\n97.3%<\/td>\n0.5<\/td>\n<\/tr>\n
Hyde Park<\/a><\/td>\n272<\/td>\n58<\/td>\n90.5%<\/td>\n1.3<\/td>\n<\/tr>\n
Jefferson Park<\/a><\/td>\n225<\/td>\n21<\/td>\n94.3%<\/td>\n0.4<\/td>\n<\/tr>\n
Kenwood<\/a><\/td>\n183<\/td>\n59<\/td>\n91.6%<\/td>\n1.4<\/td>\n<\/tr>\n
Lincoln Park \/ DePaul<\/a><\/td>\n1,382<\/td>\n18<\/td>\n96.4%<\/td>\n0.5<\/td>\n<\/tr>\n
Lincoln Square<\/a><\/td>\n204<\/td>\n21<\/td>\n95.7%<\/td>\n0.4<\/td>\n<\/tr>\n
Logan Square<\/a><\/td>\n411<\/td>\n11<\/td>\n97.9%<\/td>\n0.3<\/td>\n<\/tr>\n
McKinley Park<\/a><\/td>\n41<\/td>\n34<\/td>\n94.8%<\/td>\n0.8<\/td>\n<\/tr>\n
Montclare<\/a><\/td>\n95<\/td>\n34<\/td>\n94.5%<\/td>\n0.7<\/td>\n<\/tr>\n
Mount Greenwood<\/a><\/td>\n128<\/td>\n28<\/td>\n95.4%<\/td>\n0.5<\/td>\n<\/tr>\n
Near North Side<\/a><\/td>\n2,512<\/td>\n26<\/td>\n96.3%<\/td>\n0.6<\/td>\n<\/tr>\n
North Center<\/a><\/td>\n315<\/td>\n17<\/td>\n97.5%<\/td>\n0.4<\/td>\n<\/tr>\n
Old Town<\/a><\/td>\n369<\/td>\n19<\/td>\n95.8%<\/td>\n0.4<\/td>\n<\/tr>\n
Portage Park<\/a><\/td>\n399<\/td>\n23<\/td>\n94.7%<\/td>\n0.5<\/td>\n<\/tr>\n
Pullman<\/a><\/td>\n44<\/td>\n41<\/td>\n93.3%<\/td>\n1.0<\/td>\n<\/tr>\n
Ravenswood<\/a><\/td>\n203<\/td>\n17<\/td>\n95.7%<\/td>\n0.4<\/td>\n<\/tr>\n
River North<\/a><\/td>\n770<\/td>\n20<\/td>\n98.4%<\/td>\n0.5<\/td>\n<\/tr>\n
Rogers Park<\/a><\/td>\n396<\/td>\n28<\/td>\n95.4%<\/td>\n0.7<\/td>\n<\/tr>\n
Roscoe Village<\/a><\/td>\n299<\/td>\n15<\/td>\n97.3%<\/td>\n0.3<\/td>\n<\/tr>\n
Sauganash<\/a><\/td>\n141<\/td>\n14<\/td>\n96.9%<\/td>\n0.6<\/td>\n<\/tr>\n
South Lawndale \/ Little Village<\/a><\/td>\n45<\/td>\n22<\/td>\n102.6%<\/td>\n0.7<\/td>\n<\/tr>\n
South Loop<\/a><\/td>\n997<\/td>\n19<\/td>\n98.6%<\/td>\n0.4<\/td>\n<\/tr>\n
South Shore<\/a><\/td>\n223<\/td>\n42<\/td>\n95.7%<\/td>\n1.3<\/td>\n<\/tr>\n
Streeterville<\/a><\/td>\n596<\/td>\n40<\/td>\n94.9%<\/td>\n0.9<\/td>\n<\/tr>\n
The Loop<\/a><\/td>\n720<\/td>\n32<\/td>\n96.0%<\/td>\n0.6<\/td>\n<\/tr>\n
Tri-Taylor<\/a><\/td>\n45<\/td>\n34<\/td>\n96.6%<\/td>\n0.7<\/td>\n<\/tr>\n
Ukrainian Village<\/a><\/td>\n112<\/td>\n10<\/td>\n97.6%<\/td>\n0.4<\/td>\n<\/tr>\n
Uptown<\/a><\/td>\n773<\/td>\n28<\/td>\n95.1%<\/td>\n0.6<\/td>\n<\/tr>\n
West Loop<\/a><\/td>\n496<\/td>\n9<\/td>\n100.1%<\/td>\n0.2<\/td>\n<\/tr>\n
West Town<\/a><\/td>\n1,349<\/td>\n13<\/td>\n97.7%<\/td>\n0.3<\/td>\n<\/tr>\n
Wicker Park<\/a><\/td>\n429<\/td>\n11<\/td>\n97.9%<\/td>\n0.3<\/td>\n<\/tr>\n
Wrigleyville \/ Lakeview<\/a><\/td>\n1,934<\/td>\n21<\/td>\n96.5%<\/td>\n0.4<\/td>\n<\/tr>\n
Chicago, IL<\/b><\/td>\n4,694<\/b><\/td>\n17<\/b><\/td>\n97.2%<\/b><\/td>\n3.9<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

NOTE: Not all neighborhoods are listed, but totals for Chicago encompass entire city. \u00a0Data is based on listing information and might not reflect all real estate activity in the market. Neighborhood data is measured over the three months ended June 30. Inventory measures listings active as of June 30.<\/p>\n

For more information, contact Redfin journalist services<\/p>\n

Phone: 206-588-6863<\/p>\n

Email: press@redfin.com<\/p>\n

Other popular posts:<\/span><\/strong><\/p>\n

1.\u00a0Your Guide to Bringing Home a Rescue Pet<\/a><\/span><\/p>\n

2.\u00a0How to Secure a New Home After an Abusive Relationship<\/a>\u00a0<\/span><\/p>\n

3.\u00a0Tips for Safe Holiday Home Decorating<\/a><\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Chicago home prices rose at their slowest pace in almost three years and the supply of properties for sale shot up 17 percent from a year ago to its highest level since August 2012. Median sale prices advanced 4.5 percent in June, to $287,500.<\/p>\n","protected":false},"author":13355,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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