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 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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