It’s a long way from Chicago, where many homebuyers spend the bulk of their time, and even longer from where they live.
But the city has become a place where you can’t help but take your own advice about where to move and the furniture and appliances you need to live there.
“It’s an absolute bargain for a place to live,” said Tim Fong, president of the National Association of Realtors.
“If you want something to go with your place, the house you buy will be your new home.”
But some people find it hard to make the switch from living in Chicago to a place like Brooklyn, New York, where the median price for a one-bedroom apartment is $1.2 million.
“They’re a little more expensive, but you can live in the country for less than $3 million,” said Richard Coughlin, a real estate broker who is also a founder of the Realtor.com website.
“That’s just not the case here.”
That’s partly because the housing market has remained tight, according to Fong.
In February, home sales rose 4.3 percent in February over January, according the RealtyTrac data.
Still, the housing inventory has remained fairly low compared with the rest of the country.
A recent study from Bankrate.com found that the median sale price for an average Chicago home in March was $3.25 million, compared with $3,800 for a median-priced home in the city of Seattle.
Fong said it’s difficult to compare Chicago with other markets.
“The only way to know is to go through all of the data,” he said.
“There are some places that have done well and some places where they’ve done really badly.
There’s a lot of different factors.”
A look at the best and worst neighborhoods to live in Chicago and New York Source: Realtora.com, Realtoric.com survey of 1,000 homes sold, Realtors.com data, U.S. Census Bureau, Bureau of Labor Statistics, Bureau to State and Local Governments, Bureau National Debt and Urban Affairs, Bureau for Economic Analysis and Census Bureau