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Streeterville Neighborhood Update: Year in Review 2016-2017
Start your Streeterville home search here. 
 
Streeterville
Housing Type: Condo
Last month we talked about how quickly some condos are selling in this neighborhood. This is still happening, there were two recent closings in the $700-800k range with an average market time of only 5 days! However, the nice thing about the Streeterville market is that it is closer to balanced than many other markets, which still very much favor the sellers. Overall this neighborhood is still in a seller's market too, but the inventory levels are higher, giving buyers more choices and sellers a little competition. A balanced market is ideal, which happens when there is 6-8 months of inventory. If a few more sellers come to the market before the homes that are available sell we could see this market balance out in the new year. The median sales price for condos in Streeterville over the past month was $378,750 and for the past year it was $405,000.
Price Range: $400,000-$800,000 
Start your Streeterville 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 ... more

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