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Museum Park Neighborhood Update: Year in Review 2016-2017
Start your Museum Park at Central Station home search here.
Museum Park at Central Station
Housing Type: Condo
Last month we talked about homes that take a long time to sell. Looking at the market times for the sales this month they are also fairly long. However, as it is a new year, we decided to include charts that look at the past 12 months of activity. In that we can see a lot of low market times, most ranging around 2 months. Also, for the most part, the month's supply of inventory has remained extremely low, at about 2 months or less in every price range except the $1-2m range. Even in that range the month's supply over the past year has only been 4.2. A normal market is 6-8 months, meaning we are still very much in a seller's market and we can expect prices to continue to trend up. The median sales price for condos in Museum Park over the past month was $329,500 and over the past year it was $500,000.
 
Price Range: $400,000-$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 ... more

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