Sales Fall in Archer Heights Real Estate Market

The Archer Heights market slowed with a 36.4% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 8.2 monthly average with seven homes sold. Within the same time frame, the Near West Side neighborhood had 96 sales, the most of all neighborhoods in the area. The median sales price rose dramatically to $225,000, up from last week's $187,000. In spite of the decrease in sales, a low two months of inventory signals that Archer Heights is a solid seller's market.

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$275K   $354K   $229K  

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Demographic facts for Archer Heights:

  • This area has a population growth rating of 45. (Scale: 1 = Worst, 100 = Best)
  • This area has a property tax of $16.10/$1,000.
  • People in this area have a commute time breakdown of: <15 min (12.4%), 15-29 min (35.2%), 30-44 min (25.6%), 45-59 min (12.8%), >60 min (14.1%).

Data reported through 10/12/2016

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