Start your River North home search here.
On first look at these charts and comparing these with last month one might think the condo market in River North is churning smoothly. It looks like as condos are sold new ones come to the market. However, 69% of the condos that were available last month are still on the market and 29% of those that are under contract were not on the market when we last reported. That 29% represents serious sellers. They made sure their home would market well, the homes are clean, decluttered to make the rooms look huge, the pictures are bright, the images and furniture placement show off the homes best features, and they were priced right.The median sales price for condos in River North was $435,000.
River North
Housing Type: Condo
Price Range: $400,000-$800,000
River North
Housing Type: Condo
Price Range: $800,000+
As for the townhomes and single family homes in River North there wasn't much change since these numbers were reported. However, the townhomes that were available are now under contract. The only change in the single family homes is a canceled listing. It had been on the market for 236 days. The other single family home has a market time of 199 days.
River North
Housing Type: Townhome
Price Range: $600,000+
River North
Housing Type: Single Family Home
Price Range: $2,000,000+
Start your River North home search here.
*In this blog series we focus on one of twenty neighborhoods in Chicago, each day, and provide charts to give you a brief update on the activity that neighborhood has seen over the past month in a variety of price ranges for Single Family Homes, Townhouses, and Condos, as available.
When looking at these charts please keep in mind that not every housing type is available in every neighborhood (the Loop only has condos) and some homes compete within even smaller subsections than these, meaning we can dig even further in this data. Please let me know if you would like a personal assessment of your target market.
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