Here are some numbers that can help as you make a decision when entering the real estate market in Morton Grove, IL. Today's average home price in Morton Grove is $245,608 while at the same time in 2012 was $219,296. Real estate market time is more than half shorter compared to 2012. Inventory is much smaller, too; currently there are 138 homes for sale while at the same time in 2012 there were 198 homes on the market.
On the graph below we can see the percentage of a sale to the original listing price. In today's market a homeowner closes on a home 94.7% to a full listing price compared to 88.3% in 2012.
Traditional Sales: 112 in 2012, 79 in 2013, 95 in 2014.
REO Foreclosures: 24 in 2012, 14 in 2013, 19 in 2014.
Short Sales: 59 in 2012, 45 in 2013, 24 in 2014.
Real Estate Market trends about Morton Grove, IL and surrounding Chicago suburbs can be found here
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