Normal Heights Annual Real Estate Market Trends
| Normal Heights | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $218,081 | $190,000 | 310 | 39 | 97.5% | |||
| 1999 | $242,471 | $208,000 | 403 | 40 | 97.4% | 11.2% | 9.5% | 30.0% |
| 2000 | $295,516 | $270,000 | 301 | 28 | 98.3% | 21.9% | 29.8% | -25.3% |
| 2001 | $356,959 | $316,500 | 302 | 38 | 97.3% | 20.8% | 17.2% | 0.3% |
| 2002 | $408,336 | $370,000 | 338 | 36 | 97.6% | 14.4% | 16.9% | 11.9% |
| 2003 | $464,451 | $425,000 | 339 | 39 | 97.4% | 13.7% | 14.9% | 0.3% |
| 2004 | $577,040 | $539,900 | 313 | 35 | 98.4% | 24.2% | 27.0% | -7.7% |
| 2005 | $630,206 | $569,000 | 263 | 48 | 97.1% | 9.2% | 5.4% | -16.0% |
| 2006 | $638,579 | $533,500 | 236 | 56 | 96.4% | 1.3% | -6.2% | -10.3% |
| 2007 | $601,905 | $560,000 | 186 | 57 | 96.2% | -5.7% | 5.0% | -21.2% |
| 2008 | $531,999 | $465,000 | 177 | 70 | 96.5% | -11.6% | -17.0% | -4.8% |
| 2009 | $463,280 | $420,550 | 187 | 61 | 98.5% | -12.9% | -9.6% | 5.6% |
| Normal Heights | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $97,649 | $97,500 | 65 | 49 | 97.7% | |||
| 1999 | $103,907 | $110,000 | 156 | 37 | 99.0% | 6.4% | 12.8% | 140.0% |
| 2000 | $123,696 | $129,500 | 134 | 30 | 99.1% | 19.0% | 17.7% | -14.1% |
| 2001 | $172,095 | $170,500 | 144 | 28 | 98.7% | 39.1% | 31.7% | 7.5% |
| 2002 | $210,073 | $206,500 | 188 | 26 | 98.8% | 22.1% | 21.1% | 30.6% |
| 2003 | $250,966 | $249,495 | 238 | 32 | 98.5% | 19.5% | 20.8% | 26.6% |
| 2004 | $332,462 | $329,000 | 175 | 30 | 98.8% | 32.5% | 31.9% | -26.5% |
| 2005 | $337,929 | $341,500 | 204 | 44 | 97.1% | 1.6% | 3.8% | 16.6% |
| 2006 | $304,439 | $303,000 | 273 | 66 | 98.0% | -9.9% | -11.3% | 33.8% |
| 2007 | $274,553 | $265,000 | 179 | 65 | 97.4% | -9.8% | -12.5% | -34.4% |
| 2008 | $179,148 | $160,000 | 147 | 61 | 98.5% | -34.7% | -39.6% | -17.9% |
| 2009 | $166,329 | $145,000 | 161 | 67 | 102.4% | -7.2% | -9.4% | 9.5% |
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DEFINITIONS
- Median Price
- Median Price is the price at which 50% of properties sold were above that price and 50% were below.
- Average Price
- Average Price is the sum of all prices divided by the number of sales.
- DOM
- Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
- SP/LP
- The average selling price divided by the average list price.
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