chicago: Competition Increasing for South Loop Sellers: Neighborhood Update
- 04/26/17 02:27 PM
Begin your South Loop home search here.
South Loop
Housing Type: Condo
Buyers and sellers are hitting the spring market hard. There have been quite a few listings that came to the market since last month, but it's hardly enough to keep up with demand. About 45% of the condos that closed sold in a month or less and the overall average market time is only 61 days! Overall it's still a seller's market, but sellers have some competition too. It is very important in this market to price your home for maximum visibility. Bidding wars continue to be a common occurrence so even if you … (0 comments)
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chicago: Many Homes Selling Fast in the Loop: Neighborhood Update
- 04/25/17 10:44 AM
Begin your Chicago Loop home search here.
Loop
Housing Type: Condo
Inventory levels are still holding steady since last month. While some properties take awhile to sell about 1/2 of the condos that closed for over $400k sold in less than 40 days. A few even sold before they were listed. The demand for condos in the Loop remains high, especially among 2 bedroom homes. We are just in the first of the busiest months of the year, so as a seller there is still time to list your home and sell it before we get deep into the summer months. The median sales price for … (0 comments)
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chicago: Condos Continue to Sell Fast in West Loop Gate: Neighborhood Update
- 04/24/17 12:16 PM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
There is a little less inventory than last month and much of it is selling very quickly. The home that closed was only on the market for 13 days. Another one that is under contract has a market time of 19 days. Not every home is selling so fast though. The average market time of the homes that are under contract is 70 days, although most of them have a market time of under 76 days. Compared with the other price ranges the $400-500k range has the most inventory, but also the most movement. … (0 comments)
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chicago: Dearborn Park in High Demand: Neighborhood Update
- 04/21/17 10:25 AM
Start your Dearborn Park & Dearborn Mews home search here.
Dearborn Park & Dearborn Mews
Housing Type: Condo
The only activity in the $400k+ price ranges was with one condo. It was originally listed in September, but was temporarily removed from the market during our last report and now it has expired. We don't know why it expired or didn't sell, but there are two things we can see in the listing sheet that would have made it harder for the sellers to reach all potential buyers. The first is a restriction, no showings after 5:00 p.m. Restrictions like this come up from time to time, but sellers … (0 comments)
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chicago: Plenty of Outdoor Space with This South Loop Townhome
- 04/20/17 09:05 AM
View current inventory of 2+ bedroom homes for rent in the Near South Side.
Listing Details
South Loop Michigan Ave Townhome
1830 S Michigan Ave B, Chicago IL 60616
Original List Price: $2,900
MLS number: 09596922
Bedrooms: 2
Bathrooms: 2.1
Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing.
Three Level Townhome
Easy living in this gated community in the heart of the South Loop. This 3 level townhome has 2 spacious bedrooms and 2.1 baths. A den and a fenced-in-yard on the first floor will sweep you into relaxation as soon as you arrive home. Enjoy the balcony off of living room for outdoor dining in the summer. … (3 comments)
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chicago: Historic Prairie District Mansion Now Available: Neighborhood Update
- 04/19/17 11:02 AM
Start your Prairie District Neighborhood home search here.
Prairie District
Housing Type: Condo
We are seeing a slight increase in sellers which, as we mentioned last month, tends to happen in the spring. The greatest increase was in the $400-500k range. However, the month's supply of inventory hardly changed in that category because so many listings went under contract very quickly. The average market time of those that closed was 47 days and of those under contract is 98 days. One of the condos that is under contract has a market time of 312 days. If you look at the average market time for the … (0 comments)
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chicago: All Homes Selling Fast in Sheffield: Neighborhood Update
- 04/18/17 05:30 PM
Start your Wrightwood Sheffield/DePaul home search here.
Wrightwood Sheffield/DePaul
Housing Type: Condo
As the spring market begins we are not yet seeing an increase in inventory, as we hoped we would last month. In fact, in some price ranges the months supply of inventory has gone down. Condos are still in high demand and because of that, they are selling fast. There is plenty of room in this market for more sellers, buyers are demanding it! The median sales price for condos was $510,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
Wrightwood Sheffield/DePaul
Housing Type: Townhome
With sales times of 2 and 7 days these homes are going fast! The homes that are under … (2 comments)
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chicago: Homes Selling Quickly in Museum Park: Neighborhood Update
- 04/17/17 11:30 AM
Start your Museum Park at Central Station home search here.
Museum Park at Central Station
Housing Type: Condo
Just like last month we have seen a small increase in inventory. With most condos selling in less than a few months this is great news for buyers. Inventory is still quite low, so sellers can expect to see a lot of interest in their listing. Having a few more homes available for sale eases the stress on buyers of dealing with multiple offers and not having enough choice. The median sales price for condos in Museum Park was $515,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
Museum Park at Central Station
Housing Type: Townhome
Out … (0 comments)
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chicago: Condos Selling Fast in Roscoe Village: Neighborhood Update
- 04/14/17 07:42 AM
Start your Roscoe Village home search here.
Roscoe Village
Housing Type: Condo
Last month it looked like the average market time for $400-500k condos was pretty high at 258 days. However, we noticed that this was caused by one property taking 347 days to sell. This month there were more closings to compare and the average only came to 44 days. As we can see, even though some homes might take a long time to sell, overall they are all selling very fast! Buyers need to be ready to snatch up their dream home as soon as it is listed! The median sales price for condos … (0 comments)
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chicago: Demand for Townhomes Sky High in Lakeview East: Neighborhood Update
- 04/10/17 10:41 AM
Start your Lakeview East home search here.
*Aaand we're back! After some tougher than usual to solve technical difficulties our blog is up and running and we can resume our daily updates. We apologize for the break and thank you for your patience.
Lakeview East
Housing Type: Condo
The seller's market continues, like last month, as homes are listed at the same pace in which they go under contract. In general homes are selling very quickly in 2-3 months, but there are still a couple of pockets in which a price range is closer to a balanced market. Sellers will need to be aware of just how much … (0 comments)
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chicago: Even Luxury Houses Can Sell Fast in Lincoln Park: Neighborhood Update
- 04/07/17 02:07 PM
Start your Lincoln Park home search here.
Lincoln Park
Housing Type: Condo
Just like last month the number of homes that came to the market is very close to the number of homes that went under contract in each price range over the past month. This is keeping inventory levels low and the seller's market hot. Not until you get into the over $1m range do we see a balanced market. This is a trend we are seeing all over downtown, where the neighborhood is largely in a seller's market, but the luxury homes are either in a balanced market or buyer's market. The median sales … (0 comments)
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chicago: Dazzling Light Filled Townhome
- 04/06/17 07:42 PM
View current inventory of 2+ bedroom condos and townhomes for sale in the Near South Side.
Listing Details
Dearborn Park Corner Unit Townhome
1315 S Plymouth Ct A, Chicago IL 60605
Original List Price: $499,000
MLS number: 09585176
Bedrooms: 2
Bathrooms: 2
Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing.
Dazzling Light Filled Townhome
Upon entering this home the bright sunlight follows you in and around. Your own gated patio in front is perfect for enjoying a summer evening with the grill or growing a small urban garden. With both western and southern exposures, sun pours through the giant arched … (10 comments)
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chicago: Demand is High in Bucktown: Neighborhood Update
- 04/05/17 09:01 PM
Start your Bucktown home search here.
Bucktown
Housing Type: Condo
More homes came to the market than went under contract or sold over the past month, which means inventory is increasing. However, with many market times in the single digits that increase in inventory is not nearly enough to keep up with demand. The seller's market continues strong and with the spring market just starting this is great news if you are thinking of making a move. The median sales price for condos in Bucktown was $479,500.
Price Range: $400,000-$800,000
Price Range: $800,000+
Bucktown
Housing Type: Townhome
Townhomes continue to sell quickly. The home that just went under contract has a market … (0 comments)
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chicago: Luxury Houses to Choose from in Wicker Park: Neighborhood Update
- 04/04/17 03:12 PM
Start your Wicker Park home search here.
Wicker Park
Housing Type: Condo
Don't let the average days on market chart fool you. Just like we said last month, this market is full of buyers. Overall the average market time for sold homes is 75 days, but 5 out of the 15 that sold did so in under a week. If you are buying in this neighborhood be ready to jump when the home you love comes to the market. If it is priced fairly other buyers may put in an offer too! The median sales price for condos in Wicker Park was $454,000.
Price Range: $400,000-$800,000
Price … (1 comments)
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chicago: Buyer Demand Continues in Old Town: Neighborhood Update
- 04/03/17 06:56 PM
Start your Old Town home search here.
Old Town & Old Town Triangle
Housing Type: Condo
The market has been steady over the past month, keeping the month's supply of inventory low. This is good news for the higher priced homes that have 5 month's supply. They are still in a seller's market, but it is balancing out. The other price ranges are much deeper in the seller's market. Even though there was a lot of movement in the the $400-500k range the number of homes that went under contract was very close to the number of new listings, so it is remaining at only … (2 comments)
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chicago: It's Time to Sell in University Village: Neighborhood Update
- 03/31/17 08:27 AM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
There hasn't been a lot of movement among the condos over the past month. The average market times remain low at 85 days for active listings and 89 for those under contract. There continues to be more buyers than sellers in this neighborhood. Sellers are going to enjoy this spring. Even if they get a little competition this neighborhood will likely remain in a seller's market for the year.
Price Range: $400,000-$800,000
University Village/Little Italy
Housing Type: Townhome
The townhomes also have not seen a lot of movement in the past month. The most activity is … (0 comments)
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chicago: Buyer Demand is Sky High in the West Loop: Neighborhood Update
- 03/30/17 12:21 PM
Start your West Loop home search here.
*We apologize for the delay in our daily market updates. We have had some technical issues.
West Loop
Housing Type: Condo
The West Loop market did not slow for a second since last month. The most striking price range is the $400-500k market. In that range 21 additional homes went under market or sold and the average market time was only 19 days. Even more surprising is that none of these condos are new construction. The average market time for those under contract and currently available is a little higher at 47 and 41 days, respectively, but even that is … (2 comments)
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chicago: Downtown Living on the 29th Floor
- 03/27/17 09:20 AM
View current inventory of 1+ bedroom condos for rent in the Loop.
Listing Details
Downtown Condo for Rent
235 W Van Buren, CHICAGO, IL 60607
Original List Price: $1,650/mo
MLS number: 09571731
Bedrooms: 1
Bathrooms: 1
Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing.
Downtown Living on the 29th Floor
Relax and take in the amazing views north of Chicago's skyline while sitting in a newer 1 bedroom, 1 bath home. This home has all the conveniences of downtown living. Hardwood floors in living area. Kitchen with stainless steel appliances and granite counter tops. In unit washer and dryer. Cable, gas, heat, and air conditioning included in rent!
Click here to see additional … (4 comments)
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chicago: Gold Coast Sellers Must Price for Visibility: Neighborhood Update
- 03/24/17 01:19 PM
Start your Gold Coast home search here.
Gold Coast
Housing Type: Condo
The Gold Coast condo market is continuing to show a rather balanced market. Most of Chicago is in a sellers market and, technically, some of these homes are too. However, a balanced market means there is 6-7 months of inventory and all of these condos have more than 5 months of inventory. The higher price ranges even have as much as 10, meaning they are in a buyer's market. It is very important for sellers to understand how many similar homes are available so they can decide how fair or aggressive to price their … (2 comments)
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chicago: Inventory Steady in Streeterville: Neighborhood Update
- 03/23/17 12:16 PM
Start your Streeterville home search here.
Streeterville
Housing Type: Condo
Last month we warned that if there is a surge in new listings we may see a balanced market among the Streeterville condos. We haven't seen a surge this month. Most price ranges are flowing smoothly with about as many homes going under contract and selling as coming new to the market. It looks like there is extra inventory in the $2m+ range, but nearly half of those homes are in the new construction building, One Bennett Park, scheduled for delivery in 2019. The median sales price for condos in Streeterville over the past month was … (0 comments)
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Begin your South Loop home search here. 
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