Skokie
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Skokie Real Estate
From small bungalows to spacious mansions; first-time buyers to larger families looking for an upgrade; the Skokie, Illinois real estate market is versatile enough to accommodate everyone. With one of the best school districts in Cook County and a parks district that rivals any in the Chicago suburbs, Skokie is the ideal place to start a family or buy a first house.
The diversity of homes and wide range of real estate options found in the Skokie housing market are partly a result of low property taxes, which has made it possible for affordable middle class residences to exist alongside sprawling million-dollar homes.
The majority of Skokie homes are located on quiet residential streets. Tall, leafy trees surround the lots with trim, green grass yards and manicured shrubs. Homebuyers will discover a nice variety of one- and two-story homes and split-level houses with price tags in the $200,000s, $300,000s, $400,000s and up. Many properties at these price points were built between 25 and 75 years ago, but a number of Skokie's older homes are well-maintained and are valued anywhere from $500,000 to $900,000. New construction and recent rehabs in Skokie are harder to find, however, there is a respectable market for modern luxury residences that starts at $699,000 and goes up to $2 million.
The average sale price for a three-bedroom, single-family home in Skokie, Illinois is around $388,000, for a four-bedroom it's $490,000, and a house with five bedrooms or more has an average sale price of approximately $730,000. Although there are considerably fewer attached homes in Skokie than detached, there's a good selection of condominiums and townhouses in the area. The average sale price is about $182,000 for a one bedroom, $250,000 for a two bedroom, and $311,000 for a place with three or more bedrooms.
Skokie market trends
Average sales price
The average sale price of a home in Skokie is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Skokie sign up for the trends report below or contact your Dream Town broker.
Average market time
The average number of days a home in Skokie spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Skokie sign up for the trends report below or contact your Dream Town broker.
Sales price vs. list price
The average sale price of a home compared to its listing price in Skokie is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Skokie sign up for the trends report below or contact your Dream Town broker.
Number of listings
The total number of listings in Skokie is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Skokie sign up for the trends report below or contact your Dream Town broker.
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