Real Estate In Morton Grove is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.93 months supply of inventory on the market in Morton Grove on May 31, 2018.
The average market time for a Single Family Homes to sell in Morton Grove last month was 36 days. The average price per square foot in the area is now $187/Sq.Ft, which is 10% an increase from last month.
In Morton Grove there were 28 units sold in April in the price range between $239,054 – $512,302 with an average of 3.1 bedrooms and 2 bathrooms and average Square footage of 1,587SF. In Morton Grove there were 4 units sold in April in the price range between $512,303 – $681,000 with an average of 4.8 bedrooms and 3.6 bathrooms and average Square footage of 3,109SF. The middle price range had the most activity. Homes up to $512,302 were on the market on average 41 days and sold an average of $333,224. If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Morton Grove. Search all Morton Grove homes for Sale on propertyup.com If you are considering viewing Morton Grove, you may want to do so now!
Morton Grove
Mar 1, 2018 – Mar 31, 2018
Apr 1, 2018 – Apr 30, 2018
Month
March
April
Average Listing Price
$349,944
$350,761
Median Sales Price
$314,491
$343,605
Month supply of inventory
5.4
5.9
Market Time Detached
59 days
36 days
Market Time Attached
39 days
73 days
Inventory
199 properties
221 properties
Low price range
$115,000 – $214,746
$134,500 – $239,053
Low price range market time
32 days
88 days
Low price range units sold
0
4
Low price range bedrooms
2
2
Low price range bathrooms
1.6
2
Low price range approx sqft
1,283 SF
1,300 SF
Mid price range
$214,747 – $419,695
$239,054 – $512,302
Mid price range market time
50 days
41 days
Mid price range units sold
25
28
Mid price range bedrooms
3.2
3.1
Mid price range bathrooms
1.9
2
Mid price range approx sqft
1,538 SF
1,587 SF
High price range
$419,696 – $524,900
$512,303 – $681,000
High price range market time
87 days
48 days
High price range units sold
5
4
High price range bedrooms
4.2
4.8
High price range bathrooms
2.5
3.6
High price range approxsqft
2,684 SF
3,109 SF
The post Morton Grove Real Estate Market Update May 2018 appeared first on Real Estate Vibe - Property Up. from http://realestatevibe.com/morton-grove-real-estate-market-update-May-2018/
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