Museum Park at Central Station, June Neighborhood Update 2016

Start your Museum Park at Central Station home search here.

Museum Park at Central Station

Housing Type: Condo

Last month it looked like the condos in the $1-2m range were starting to collect inventory, but now those homes are being sold and inventory is climbing slightly in the $500-600k range. Both of those price points have 3.9 months of inventory. While that is a lot compared to the other price ranges it is still low in general and everything is in a seller's market. The homes in the $1-2m range took the longest to sell, 375 days and 260 days. In general, these homes might have longer market times but right now the average market time for available homes in that price range is 89 days, so we will see if the market times lower as the inventory sells. The median sales price for condos in Museum Park was $530,000.

Price Range: $400,000-$800,000

Price Range: $800,000+

Museum Park at Central Station

Housing Type: Townhome

Townhomes in Museum Park continue to fly off the market. The one home in these charts that is available has been on the market for 47 days. One other in the $1-2m range just came to the market, after these charts were available and there will be at least one more very soon. A lot of buyers like to have a few choices, so sellers in this market will have to do their best to make sure their home shows as a stand-out beauty and they will want to price it right to entice a few buyers at once. The median sales price for townhomes in Museum Park was $755,000.

Price Range: $400,000-800,000

Price Range: $800,000+

Start your Museum Park at Central Station 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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