Median sales price of condo in Chicago hits $325K in tight market

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Sold sign in front yard of house (Martin Barraud / OJO Images / Getty Images)

CHICAGO — Chicago saw about 6 percent fewer homes sold last month compared to July of 2016 as buyers had fewer choices in a tight market, according to a report released Thursday.

In the city, the median sale price of a condo was $325,000 in July, up about 1.6 percent over July of last year. The single family median sale price was $250,000, up about 5 percent in the same time period, according to the report by the Illinois Realtors group.

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The median sales price means that half sold for more and half sold for less.

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