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Morton Grove Real Estate Market Trends ~ October 2014

Buying or selling a home in Morton Grove?

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.

Mroton Grove Real Estate Numbers

Foreclosures REO VS. Short Sales VS. Traditional Sales in Morton Grove

Morton Grove Real Estate Numbers

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.

Homes For Sale In Morton Grove

Condos And Townhouses For Sale In Morton Grove

Single Family Homes For Sale In Morton Grove

Real Estate Market trends about Morton Grove, IL and surrounding Chicago suburbs can be found here

If you are looking to buy or sell a home, or purchase new construction in Morton Grove, IL or Chicago North Shore and Northwest Suburbs, contact me today 847-878-2588 !
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