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 | $464,860 | $427,000 | 327 | 39 | 97.3% | 13.8% | 15.4% | -3.3% |
| 2004 | $578,532 | $539,950 | 304 | 35 | 98.1% | 24.5% | 26.5% | -7.0% |
| 2005 | $633,886 | $569,950 | 256 | 49 | 96.9% | 9.6% | 5.6% | -15.8% |
| 2006 | $641,453 | $532,000 | 231 | 56 | 96.0% | 1.2% | -6.7% | -9.8% |
| 2007 | $601,905 | $560,000 | 186 | 57 | 96.2% | -6.2% | 5.3% | -19.5% |
| 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 | $251,376 | $249,990 | 229 | 34 | 98.5% | 19.7% | 21.1% | 21.8% |
| 2004 | $332,296 | $329,389 | 158 | 31 | 98.4% | 32.2% | 31.8% | -31.0% |
| 2005 | $340,634 | $344,900 | 187 | 43 | 96.9% | 2.5% | 4.7% | 18.4% |
| 2006 | $303,590 | $300,000 | 258 | 64 | 97.9% | -10.9% | -13.0% | 38.0% |
| 2007 | $275,169 | $266,000 | 178 | 65 | 97.1% | -9.4% | -11.3% | -31.0% |
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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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