Homes in the 60115 areas continue to sell. Recently 1/3 of all homes for sale were sold within a limited time. Homes have increased by approximately 5% over 2019. The typical home value in 2020 is $160,466 up from $153,106 in 2019.
Fall or winter are the seasons when you’ll save the most money on your home purchase. You’ll have the most options in the spring and summer. The best week to buy overall is the last week of September and the first week of October.
In general, there are three ways to evaluate the best time to buy a home:
• Best month: In every real estate market, there’s always the best month to buy a house or best season to buy — even in a down market. Spring and summer are the best, but also drive the cost up. Best values for buyers are fall and winter, with limited offerings.
• Best year for market and economy: Broader market trends, the state of the economy, and your local job market can also dictate a better or worse time to buy.
• Best month: In every real estate market, there’s always the best month to buy a house or best season to buy — even in a down market.timeline.
The last key factor is employment opportunities with the market.
The home below sold for $196,000 on Oct. 1 (W. Lincoln Highway.)