June 20, 2011 11:28AM
Coldwell Banker Real Estate LLC has released its Home Listing Report, a snapshot survey of listing prices for 139 real estate markets in Illinois.
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Updated: June 21, 2011 4:38PM
Coldwell Banker Real Estate LLC has released its Home Listing Report, a snapshot survey of listing prices for four-bedroom, two-bathroom homes in more than 2,300 North American markets.
The survey reviewed 139 real estate markets in Illinois and found Kankakee led the list of most affordable markets in the state, with an average home listing price of approximately $82,621 for property listings meeting the subject home criteria. The report identified Lake Forest as the state’s most expensive market, where the average four-bedroom, two-bathroom home has a listing price of $753,543. Compared to the national average of $293,251, the average four-bedroom, two-bathroom home in Illinois overall was $301,258.
The Coldwell Banker HLR provides the average home listing price of four-bedroom, two-bathroom properties on coldwellbanker.com that were listed between September 2010 and March 2011 from more than 2,300 North American markets. Markets included in the U.S. report were required to have at least 10 properties fitting the criteria within the relevant time frame.
“This year’s home listing report is by far the most in-depth local market source of data that Coldwell Banker has ever released,” said Jim Gillespie, chief executive officer of Coldwell Banker Real Estate LLC. “We’ve included nearly 10 times more markets than ever before, which gives us unmatched real estate insight into thousands of North American cities.
“For instance, we can see that there are 775 U.S. markets averaging $200,000 or less for these types of aspirational homes. We know that home-buying remains a deeply personal lifestyle decision, and we believe that reports like this, along with trusted real estate agents, will help today’s buyers make smart decisions.”
Some of the Illinois markets featured in the 2011 Coldwell Banker Home Listing Report are:
Morton Grove $319,204
Buffalo Grove $367,048
Niles $376,459
Skokie $384,925
Oak Park $388,533
Vernon Hills $415,995
Park Ridge $452,609
Libertyville $484,096
Evanston $495,227
Glenview $499,307
Highland Park $500,731
Deerfield $512,525
Northbrook $545,366
Barrington $599,071
Wilmette $635,989
Hinsdale $714,556
Lake Forest $753,543
An interactive graphic summarizing the results of the Home Listing Report is available on coldwellbanker.com.
National data can be accessed on the Home Listing Report website, and additional state data can be found at http://hlr.coldwellbanker.com/us2011/illinois.html.