Rogers Park May Real Estate Market Report

We now have the Rogers Park neighborhood of Chicago Real Estate report for May 2016. Taking a look at the whole scene we have 13.3% less new listings of all types of property, a 42.9% gain in

closed sales and 21.3% less inventory. The big lack of inventory is in the condo situation. In single family homes we have 11.1 % more new listings for this month as compared to last year at this time, 200% more houses under contract but 50% less closed sales. The average sales price has gone down 5.5% to $464,500 and last year at this time it was $491,450. Average market time before a contract is up 7.1% to 45 days, last year we were at 42 days.

Taking a look at condominiums, new listings are down 16% with 68 new condo listings in this period as compared to 81 last year at the same time. Rogers Park has 13% less under contract listings in this month with 40 properties and we saw 46 condos last year in the same time frame. Closed sales are up 54.8% with 48 closed sales of condos and in 2015 in the same month Rogers Park had 31 condos sales. The average sales price is up 24.7% at the current $187,789 and 2015 this figure was $150,537. Average market time for condos in Rogers Park is at 121 days which is down 4.7%, last year in the same time frame we were at 127 days.

If you want to view property online, click Rogers Park Homes for sale and Rogers Park Condos for sale. This data is updated on the fly directly from the Multiple Listing Service (MLS).
If you have any questions about the Rogers Park neighborhood of Chicago please give us a call of you can click the Coldwell Banker Rogers Park link and view the inventory. This is a wonderful place to live and along the Lake Michigan lakefront.

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Coldwell Banker Rogers Park

(800) 858-7917