Tuesday, February 20, 2018

Skokie single family home prices rise with the tide

Skokie is diverse suburb home to a gazillion brick homes of various styles that fit almost any budget.
We popped out to Skokie this weekend for house showings.  The Village of Skokie is a logical option many of our city dwellers looking for nearby affordable houses and well rated schools (our clients are looking under $500K for a four bedrooms house). The drive from our client's current location in Lincoln Square is 20 minutes and Skokie is easy to highways.  The village has seen an uptick in sales prices over the past five years mirroring many popular Chicago neighborhoods.

Skokie boasts a true downtown with eateries, services, shops and civic events.
473 single family homes closed in Skokie over 2017 with a median price of $327,500. The highest priced home sale was at 4200 Grove St, Skokie, IL 60076 for $1,100,000.  Two homes sold over $1M and only 41 homes sold over $500,000.  In 2016, 526 homes sold with a median price about $315,000 (that got you a nice conditioned four bedrooms, 2 baths split level in high-rated schools).   

Back in 2012 the median of a Skokie single family home was only $225,000 with a highest priced home sale of $748,000. So far in 2018, 31 homes have closed with median price about $360,000. 98 homes are currently for sale in Skokie at the time of this writing.

Skokie offers home buyers a downtown area, plenty of eateries, great Park District, decent public transportation options (Skokie Swift video HERE) highway access and good schools in a wide range of budgets. Robust theater/ arts are a staple in Skokie and it's home to the very important Illinois Holocaust Museum and Education Center.  Enjoy all of beautiful North Shore for less in Skokie... and it is close to Chicago whenever you'd like to come back 😃

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