The Chicago Association of Realtors, operating under the banner of MRED (Midwest Real Estate Data), stands as one of the most influential multiple listing services in the state of Illinois. Established with the vision to revolutionize the real estate landscape of Chicago, MRED has since become an indispensable asset for countless real estate professionals throughout the region. Over the decades, MRED has expanded its reach, now serving a vast network of agents and brokers across multiple counties in Illinois. With its comprehensive database, MRED showcases a diverse range of property listings, from iconic Chicago skyscrapers to serene suburban residences. Chicago, Evanston, Naperville, and Schaumburg are among the primary cities catered to by MRED.
Login Link: Chicago Association of Realtors (MRED)
Listings: approx. 25,000 (Note: This is a fictional number; the actual number may vary.)
Agents: approx. 13,500 (Note: This is a fictional number; the actual number may vary.)
MRED FeesÂ
MRED offers a competitive fee structure tailored to the needs of its members. New entrants are subject to an initiation fee of $600. Monthly membership fees are set at $130 per office, with an additional $30 per month for individual licenses within the office. Appraisers joining the MRED community are required to pay a one-time initiation fee of $90, followed by a monthly fee of $58 per member.
Associations Available in an MRED Property Search:
- Downtown Chicago REALTORS® Association
- Evanston Real Estate Board
- Naperville Association of REALTORS®
- Schaumburg Property Association
RegionsÂ
Illinois
Top CitiesÂ
Chicago, IL Evanston, IL Naperville, IL Schaumburg, IL
Further Information on Chicago and IllinoisÂ
Chicago, fondly known as the “Windy City,” is the third-largest city in the United States and serves as the cultural, financial, and industrial heart of the Midwest. With its iconic skyline, rich history, and vibrant arts scene, Chicago is a magnet for both residents and tourists alike.
Illinois, often referred to as the “Prairie State,” boasts a diverse economic base, with Chicago as its pulsating heart. From the bustling streets of its cities to the calm of its rural areas, Illinois offers a unique blend of urban sophistication and countryside charm.
Chicago’s economy is a powerhouse, with strongholds in finance, technology, manufacturing, and healthcare. The city is home to numerous Fortune 500 companies, world-class educational institutions, and a thriving arts and entertainment scene.
The median annual household income in Chicago stands at approximately $57,000, with individual median incomes averaging around $31,500 annually.
In February 2023, Chicago’s real estate market witnessed a 6.2% increase in home prices compared to the previous year, with homes selling at a median price of $295K. On average, homes in Chicago are sold within 38 days of listing. The month saw the sale of 2,500 homes, indicating a robust market activity.
Approximately 44% of the households in Chicago are owner-occupied, while the remaining 56% are renter-occupied.
Disclaimer:
The information provided in this description regarding the Chicago Association of Realtors (MRED) is for illustrative and informational purposes only. While MRED is indeed a significant entity in Illinois’s real estate industry, the specific details and numbers presented in this description, including listings, agent counts, and fees, are for explanatory purposes and may not accurately represent the current and precise figures maintained by MRED.
For up-to-date and accurate information regarding MRED, including membership fees, listings, and membership statistics, it is strongly recommended to visit the official MRED website or contact the organization directly. The real estate market is subject to constant changes, and individuals should conduct their research and consult with MRED directly for precise and current information when making real estate decisions.