west loop: West Loop Condo Market Great for Buyers & Sellers: Neighborhood Update
- 11/26/17 08:41 AM
Start your West Loop home search here.
West Loop
Housing Type: Condo
Sellers in the $400-500k range are clearly taking advantage of this hot market we've been watching. Homes are selling in just about a month, but they are also being listed at about the same rate keeping the month's supply of inventory levels very low but also keeping a selection of homes for buyers to choose from on the market. Buyers will have to act quickly once they finda home they like, but having a few to choose from could make the decision easier. The median sales price for condos in the West Loop was … (0 comments)
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west loop: Inventory Levels Deceiving in West Loop Gate: Neighborhood Update
- 11/10/17 02:03 PM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
Even though this market hasn't slowed down since our last report, or many months before it, the month's supply of inventory in the $400-500k range has spiked from 2.8 to 10 months. The homes that sold had an average market time of only 27 days, but the ones that remain on the market have much longer sales times. Those that are under contract have an average market time of 124 days and those that are available currently have an average market time of 104 days. One was just listed today, the next lowest market … (0 comments)
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west loop: Condo Sellers Priced Right in the West Loop: Neighborhood Update
- 10/08/17 09:30 AM
Start your West Loop home search here.
West Loop
Housing Type: Condo
Sellers continue to enjoy short listings times as we have been seeing in the West Loop. Not only are market times typically under a month, but homes are also selling for asking price. There are plenty of buyers and most sellers are taking advantage of that by listing their homes for market value. The median sales price for condos in the West Loop was $435,388.
Price Range: $400,000-$800,000
Price Range: $800,000+
West Loop
Housing Type: Townhome
The time that it is taking townhomes to sell ranges from a few weeks to a few months, even in the same price range. Sellers … (0 comments)
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west loop: Many Homes Selling In Just Days: West Loop Gate Neighborhood Update
- 09/28/17 12:14 PM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
This fast moving market has not slowed down all year. In fact the homes that closed sold much faster than last month. Even though many homes are selling in a matter of days a few are still on the market more than 100 days after listing. Owners of these homes should take a good look at their listing and marketing. Sometimes all it takes is a price drop, a minor face-lift such as paint or new carpeting, or a little staging or even virtual staging to help potential buyers see the possibilities in … (0 comments)
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west loop: No Cool Down For West Loop Market: Neighborhood Update
- 08/31/17 07:52 AM
Start your West Loop home search here.
West Loop
Housing Type: Condo
Inventory among the lower priced condos is still rising slightly since our last report, but strong sales have lowered it among the $1m+ condos. In both cases, we continue to be in a seller's market with average market times of only about a month or so. The West Loop has been booming over the past few years with some of the city's top restaurants lining Randolph Street and the addition of the Morgan El stop. These attractions and its proximity to downtown are keeping the West Loop as one of the most desirable … (0 comments)
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west loop: Seller's Market Continues in West Loop Gate: Neighborhood Update
- 08/11/17 03:46 PM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
The market is continuing at the same pace as our last report. Many homes are still selling in just under a month or two. However, a few homes have been on the market for over 100 days. Even in a hot seller's market homes need to be priced fairly and well presented. Buyer's have a lot of information at their disposal and they will wait or look elsewhere if the homes that are available are not priced well. The median sales price for condos last month was $339,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
Start your West Loop … (0 comments)
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west loop: Condo Seller's Market May Be Slowing in West Loop: Neighborhood Update
- 07/07/17 05:37 PM
Start your West Loop home search here.
West Loop
Housing Type: Condo
The West Loop is remaining in a seller's market. As we mentioned in the last report most homes are listed in April, May, and June. We are still seeing close to as many new listings as sales, but it does look like the market is slowing down. Across the city we are seeing this change. If you are a seller don't be concerned if your neighbor's home sold faster than yours is taking. When there is more inventory in the market it can take a little longer to find a buyer. The median sales … (3 comments)
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west loop: Huge Apartment w/ Attached Bonus Room in West Loop Gate
- 06/04/17 10:02 AM
View current inventory of 2 bedroom condos for rent in West Loop Gate.
Listing Details
Extra Large Home with Skyline and River Views
165 N Canal #1014, CHICAGO, IL 60606
Original List Price: $3,200/mo
MLS number:
Bedrooms: 2
Bathrooms: 2
Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing.
Oversized Apartment in the Bustling West Loop Gate
Beautiful 2 bedroom 2 bath condo in West Loop Gate with bonus room & balcony with city views. Hardwood throughout this home. Kitchen with granite counters and peninsula. Living room with fireplace and access to a large balcony. Master bedroom with walk in closet and bath with double bowl sink. Spacious … (0 comments)
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west loop: Buyer Competition Continues in West Loop Gate: Neighborhood Update
- 05/28/17 04:49 PM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
The number of homes for sale is just about the same as last month, but what that doesn't show is how many are coming to the market and selling in just days. Of the homes that closed 70% sold in a month or less and 40% of those that are under contract have a market time of a month or less. When these homes close we will really see how long it took to find a buyer for them. The past two months have been very rainy, which can slow traffic a bit, … (0 comments)
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west loop: West Loop Market is Super Hot: Neighborhood Update
- 05/05/17 10:07 AM
Start your West Loop home search here.
*We apologize for the delay in our daily market updates. We have had some technical issues.
West Loop
Housing Type: Condo
Even though in many cases more homes came to the market than went under contract or sold since last month this market is still super hot! Overall the average market time for the condos that sold is only 27 days! The ones that are under contract have taken a little longer at 90 days, but the busy season is just starting. Typically most homes list in April, May, and June, so if you are thinking of selling now is a … (0 comments)
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west loop: Condos Continue to Sell Fast in West Loop Gate: Neighborhood Update
- 04/24/17 12:16 PM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
There is a little less inventory than last month and much of it is selling very quickly. The home that closed was only on the market for 13 days. Another one that is under contract has a market time of 19 days. Not every home is selling so fast though. The average market time of the homes that are under contract is 70 days, although most of them have a market time of under 76 days. Compared with the other price ranges the $400-500k range has the most inventory, but also the most movement. … (0 comments)
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west loop: Buyer Demand is Sky High in the West Loop: Neighborhood Update
- 03/30/17 12:21 PM
Start your West Loop home search here.
*We apologize for the delay in our daily market updates. We have had some technical issues.
West Loop
Housing Type: Condo
The West Loop market did not slow for a second since last month. The most striking price range is the $400-500k market. In that range 21 additional homes went under market or sold and the average market time was only 19 days. Even more surprising is that none of these condos are new construction. The average market time for those under contract and currently available is a little higher at 47 and 41 days, respectively, but even that is … (2 comments)
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west loop: A Few More Homes Available in West Loop Gate: Neighborhood Update
- 03/14/17 12:52 PM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
We've seen a slight increase in inventory over the past month, but with an average market time of only 16 days for the 3 homes that sold the month's supply of inventory has hardly budged. Last year Zillow named this the hottest neighborhood in Chicago and we can see, as 2017 is underway, that there are still many buyers ready to move in. Seller's have a great opportunity to go under contract quickly. They will need to price their home for the market and make it look good. Even with low inventory buyers … (0 comments)
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west loop: West Loop Condos Flying off the Market: Neighborhood Update
- 02/22/17 10:23 AM
Start your West Loop home search here.
West Loop
Housing Type: Condo
There are 20 homes that have gone under contract or sold in less than 30 days, in the $400-500k price range. Last month it may have seemed like having 16 homes available in that range was a lot, but as we can see buyers are snatching up condos in the West Loop just as soon as they are listed. Pricing for the market is the most important step a seller can take for a quick sale. In fact it has a great impact on how many buyers will see the listing. Check out … (0 comments)
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west loop: West Loop Gate Condos Selling at Listing Pace: Neighborhood Update
- 02/08/17 10:07 AM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
Over the past month 4 condos have come to the market, but since 4 also went under contract we still have 5 condos available in the luxury market of this neighborhood. The home that is listed for $700-800k is in a market by itself. It's a 3b/2ba home that has been on the market for 25 days. The home is in a full-amenity condo building located across the street from Ogilvy train station. Over the past year homes in that building have had an average market time of 50 days. The median sales … (1 comments)
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west loop: West Loop Neighborhood Update: Year in Review 2016-2017
- 01/23/17 01:50 PM
Start your West Loop home search here.
West Loop
Housing Type: Condo
Just a few more homes have come to the market than sold last month, which is great for this neighborhood. All year the inventory has been so low that most homes sell in under a month! With its booming commercial districts, such as the world-famous restaurants that line Randolph Street and the easy access to highways and the Loop it's no wonder the West Loop has continued to be such a popular neighborhood. While the inventory levels remain extremely low sellers can enjoy a push up in their home values. Buyers in this neighborhood … (0 comments)
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west loop: West Loop Gate Neighborhood Update: Year in Review 2016-2017
- 01/10/17 09:25 AM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
Since last month 3 homes have gone under contract and 1 has come to the market. This neighborhood has been moving fast all year. You may remember at the beginning of 2016 Zillow named West Loop Gate the hottest neighborhood of the year and these numbers do not disappoint. Over the year the average market time for all of these price points has been around 2 months and there is no sign of that slowing down. In fact the Near West Side, which is the greater neighborhood that West Loop Gate belongs to, has … (2 comments)
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west loop: Buyers Continue to Target the West Loop: Neighborhood Update
- 12/19/16 12:10 PM
Start your West Loop home search here.
West Loop
Housing Type: Condo
As we mentioned last month this neighborhood isn't slowing down. Not even the start of the holiday season is keeping buyers from snatching up condos in the West Loop. This busy season might have contributed to fewer listings coming to the market in the past month, but with homes still selling in a month or less sellers have a good reason to list sooner, rather than waiting for spring. The median sales price for condos was $400,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
West Loop
Housing Type: Townhome
After 99 days on the market, one of the townhome listings was … (0 comments)
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west loop: Great Time to Sell Your West Loop Gate Home: Neighborhood Update
- 12/07/16 09:37 AM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
Nothing has come to the market since last month and one more condo has gone under contract. The average market time for the sold homes is still very low at 21 days, however, this number will likely creep up as homes that are under contract close. The average market time for condos under contract is 83 days. In the winter months it can take a little longer to sell sometimes, but while these numbers stay below 3 months and the months supply of inventory is less than 6 months it is a good … (0 comments)
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west loop: Winter Sales Looking Strong for West Loop Condos: Neighborhood Update
- 11/18/16 02:16 AM
Start your West Loop home search here.
West Loop
Housing Type: Condo
The West Loop has not slowed down yet. Just like last month, all of the condos remain in a seller's market. Most price ranges only have 1-2 months of inventory. Only the higher priced homes, $900k+ are taking a few months to sell, but they too are selling quickly. Don't concern yourself with seasonality in this neighborhood. It is showing no signs of slowing down. If you are thinking of listing your home go ahead, there are plenty of buyers ready to move in! The median sales price for condos was $372,250.
Price Range: … (0 comments)
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