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Price Per Square Foot Skyrockets in Chicago

by Peter Thomas Ricci

March was a very good month for price per square foot in our housing market, according to Movoto.

Those signs of a housing recovery just became a bit brighter.

According to the latest State of the Real Estate Market report from online research firm Movoto, price per square foot in Chicago’s marketplace rose an astounding 21 percent year-over-year, jumping from $143 per square foot to $173; that was the second highest increase among all the markets tracked by Movoto.

How did Chicago compare with other metro areas? Check out our graph below for an idea:

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