Hyde Park Real Estate – Average Selling Prices
In the chart shown above, we see that prices bottomed out around the beginning of 2013.
Prices have been slowly climbing since then. If the current trend continues, we will be back at 2010
prices pretty soon. If you are thinking about buying in Hyde Park, now might be a good time before
prices increase further.
Hyde Park Real Estate – Average Days on Market
Looking at the chart above, we see that market time was the lowest in 2013. This coincided with
the fact that selling prices were at their lowest too. As prices started increasing, so did the
market time. Currently, it is taking about 5 1/2 months to sell a 2bed/2bath condo in Hyde Park.
This is about the same amount of time it took to sell a condo in 2010.
Hyde Park Real Estate – Average Monthly Assessments on a 2bed/2bath condo
In the chart shown above, we see that the average monthly assessments are steadily climbing.
Monthly assessments generally cover things like heat, water, landscaping, snow removal, and
common insurance. The average assessments on a 2bed/2bath condo are currently about $730/month.
Well, I hope you found this information useful. If you have any questions about buying
or selling real estate in Chicago, please send me a note: mark@markkillion.com
Until the next time,
Mark Killion
Kale Realty
542 W. Roosevelt Rd
Chicago, IL 60607
Visit me online: www.773property.com
EQUAL HOUSING OPPORTUNITY
