Start your Museum Park at Central Station home search here.
Museum Park at Central Station
Housing Type: Condo
The greatest difference in this market from last month is in the $700-800k range where nothing has sold, but 4 homes came to the market. The last condo to sell in this price range closed in October. The increase in inventory, plus the amount of time it has been since the last closing has pushed the month's supply of inventory to 4.8. The home that is under contract has been on the market for 100 days, so it might not have much of an affect on this number when it closes. These homes are still in a seller's market, but if more listings come through during the spring season and they continue to take months to sell these homes could approach a balanced market this year. The median sales price for condos in Museum Park was $580,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
Museum Park at Central Station
Housing Type: Townhome
There has been one new listing and one home went under contract. We are still seeing low market times among the townhomes, but this trend could be taking a turn as the average market time among those under contract is 121 days with a range from 51-232. Even at that inventory is so low that it will still take a lot to bring these homes out of a seller's market. The median sales price among townhomes was $465,000.
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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