DECEMBER 1, 2022 BY SOPHIA OJUKWU – LEAVE A COMMENT
Hey Chicagoland! We're entering the fall months, and time when things start to slow down just a little! Real Estate last month was steady!
Chicagoland's Real Estate Market Update 2022
This month indicates that Naperville is a fairly balanced market, with advantages to offer to both buyers and sellers. While prices have held steady for close to a year, we'd expect them to start creeping up if the declining inventory trend continues. All of these changes affect home values, including yours.
𝐎𝐀𝐊 𝐏𝐀𝐑𝐊
In October 2022, Oak Park home prices were down 13.2% compared to last year, selling for a median price of $332K. On average, homes in Oak Park sell after 65 days on the market compared to 43 days last year. There were 56 homes sold in October this year, down from 69 last year.
𝐌𝐀𝐘𝐖𝐎𝐎𝐃, 𝐈𝐋
In October 2022, Maywood home prices were down 18.5% compared to last year, selling for a median price of $585K. On average, homes in Maywood sell after 75 days on the market compared to 42 days last year. There were 4 homes sold in October this year, down from 5 last year.
All of these changes affect home values, including yours. If you want to know the new value of your home, just shoot me a quick message with your address!
🏡 Click the link on my bio for details or send me a DM:
📱: 𝟥𝟣𝟤-𝟦𝟤𝟪-𝟢𝟨𝟣𝟥
📧:𝘀𝗼𝗽𝗵𝗶𝗮𝘀𝗲𝗹𝗹𝘀𝗰𝗵𝗶𝗰𝗮𝗴𝗼@𝗴𝗺𝗮𝗶𝗹.𝗰𝗼𝗺
🖥️: 𝘄𝘄𝘄.𝘆𝗼𝘂𝗿𝗰𝗵𝗶𝗰𝗮𝗴𝗼𝗹𝗮𝗻𝗱𝗹𝗶𝘃𝗶𝗻𝗴.𝗰𝗼𝗺
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