Rogers Park is a neighborhood in Chicago that is in the far northeast corner of Chicago. It’s border is Evanston IL and sits along the Lake Michigan Lakefront. Today we have the July Rogers Park Real Estate market report. There are some interesting stats to discuss. As far as all new listings or all types of property we see a 16.7% change in new listings in the one month period ending July 14th as compared to the same time frame of 2015. Rogers Park has 3.7% less closed sales and 6.9% less inventory.
Rogers Park Single Family Homes, to break it down further new listings of single family homes are up 50% from last year, we have 18 new houses on the market this month and 12 last year the same month. There is a 200% gain in under contract houses with 6 this month and only 2 in this time last year. Closed sales are up 100% with 6 houses closing this month as opposed to 3 this month last year. The average sales price of a single family home in Rogers Park is down 10.5% to $390,667 from $436,683. The average market time until a contract is down 63.4% to only 30 days, last year at this time it was 82 days.
Looking at the Rogers Park condo scene new listings are up 11.5% to 87 condominiums through July 14th and 78 properties in this month of last year. Under contract condos are up 2.2% to 47 properties Vs 46 last year. The average sales price of a Rogers Park condo is down 2.6% to $178,174 and last year the figure was $182,858. The average market time before a contract is down 23.5% to 75 days Vs last year it took 98 days.
If you have any questions about Rogers Park Real Estate or the community please let us know.
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