|Apartment Size||Aug||vs Last Month|
|1 bed for sale||$273,344||+0.7%|
|2 bed for sale||$540,370||-2.7%|
|3 bed for sale||$1,224,913||+47%|
|4+ bed for sale||$1,898,765||+140.9%|
During Aug 2022, the average price for an apartment in/near Near West Side, Chicago, IL increased by 50.6% to $920,146.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 0.7% to $273,344. Asking price for 2-bed apartment also decreased by 2.7% and a place of this size will now cost you $540,370. A 3-bed apartment goes for $1,224,913, it increased by 47% lately. We discerned the rise of 4- and more bed apartment price. It increased by 140.9% and made it up to $1,898,765.
|Listing Type||Aug||vs Last Month|
|Townhouses for sale||$765,000||+15.5%|
|Lofts for sale||$483,000||+82.3%|
|Duplexes for sale||$2,119,962||+152.9%|
|Condos for sale||$984,282||+79.6%|
|Houses for sale||$673,455||+3.6%|
|Land for sale||$18,000||-93.2%|
Price reports demonstrate that house price increased by 3.6% this month making it up to $673,455. Condos are really in demand in this season. The median price for a condo increased by 79.6%, it’s now available for $984,282. You can now purchase a duplex for just $2,119,962, duplex price increased by 152.9% this month. The price dynamics of lofts changed, it increased by 82.3%, the price tag now starts at $483,000. The property value of townhouses increased by 15.5%, you’ll have to spend around $765,000 to get one.