Citywide Services performed a recent appraisal in Lincolnwood, IL 60712 and found some positive signs about the real estate market.
Median sales price for Detached Housing is up +17.1% over the prior year according to MRED MLS statistics.
Marketing time is down -19.6% and averages 115 days on the market.
There is currently 6.2 months of unsold inventory at current levels of absorption. This is a oversupply.
There were 126 total sales in the last twelve months, 95 were Fair Market sales, 16 were
Bank Owned Foreclosures, and 15 were Short Sales. The distressed sales accounted for approximately 25% of total sales in the last year.
Detached Housing sold for 94.1% of its original listing price.