Friday, June 22, 2012

$1 Million median price in Roscoe Village, 2012

We have single family home buyer clients out in the Roscoe Village neighborhood of North Center this evening. While taking  a look at available and closed homes, we noticed sold Roscoe Village single family home sales at a median price just over $1 million dollars in the first half of 2012. The general boundaries are West Addison to West Belmont and North Ravenswood to the Chicago River.

13 single family homes have sold and closed from January 1st to May 31st 2012 in the Roscoe Village neighborhood boundaries.  That's down from the 19 homes closed in the same period of 2011.  However, the median price is up about $200,000 to $1,040,000.

There are fewer bargains available this season while higher-end homes have been the choice of Roscoe Village buyers.  Of the 13 homes sold this year, 7 have been over $1 million.  4 out of the 19 homes sold were over $1 million in the first half of 2011.

The highest sale this season was $1,300,000 for 3443 North Bell, a 5 bedrooms new construction single family home. The low sold for $475,000...a rare for the neighborhood Chicago brick bungalow with some updates, but small awkward bedrooms.

The famous Roscoe Village kiosk, Photo Eric Rojas
The majority of the homes in Roscoe Village and of those sold are in the attendance district of Audubon School.

More Chicago Market Statistics HERE
Statistics and information gathered and analyzed from and personal experience by Eric Rojas, Real Estate Broker

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