condominium: Change In Season Not Seller's Market: Wicker Park Neighborhood Update
- 09/13/17 12:56 PM
Start your Wicker Park home search here.
Wicker Park
Housing Type: Condo
The month's supply of inventory is up slightly, but homes are still selling in under a month, in many cases. This just shows that the strong seller's market we saw in our last report is her to stay awhile. Even though the season is changing and the summer selling season is coming to an end sellers in this neighborhood are not seeing a slowdown. There is plenty of room for more sellers and many sellers will see a quick closing. The median sales price for condos in Wicker Park was $422,000.
Price Range: $400,000-$800,000
Price … (0 comments)
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condominium: When Needed Price for Buyer Investment: Old Town Neighborhood Update
- 09/08/17 01:18 PM
Start your Old Town home search here.
Old Town & Old Town Triangle
Housing Type: Condo
The seller's market we have been seeing in Old Town continues with low inventory and astonishingly low market times. One home had a market time of 327 days. It sold for $1,100,000 and was originally listed in 2016 for $1.5m while it was being renovated. It was later taken off the market and the renovations were completed. Perhaps the owners hoped someone would come along and buy it before the reno was complete, so they could pick the finishes. When it came back to the market the price was lowered … (0 comments)
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condominium: Seller's Market Continues in University Village: Neighborhood Update
- 09/08/17 11:04 AM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
As we saw in our last report market times are continuing to increase a bit. Currently the average market time for homes that are under contract is 131 days and for those that are available, it is 122 days. However, inventory levels remain super low at less than 3 months in each price range. Unless there is a rush of new listings the seller's market will likely continue through the year.
Price Range: $400,000-$800,000
University Village/Little Italy
Housing Type: Townhome
Half of the townhomes that are under contract are new construction. Even with that the seller's … (2 comments)
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condominium: No Cool Down For West Loop Market: Neighborhood Update
- 08/31/17 07:52 AM
Start your West Loop home search here.
West Loop
Housing Type: Condo
Inventory among the lower priced condos is still rising slightly since our last report, but strong sales have lowered it among the $1m+ condos. In both cases, we continue to be in a seller's market with average market times of only about a month or so. The West Loop has been booming over the past few years with some of the city's top restaurants lining Randolph Street and the addition of the Morgan El stop. These attractions and its proximity to downtown are keeping the West Loop as one of the most desirable … (0 comments)
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condominium: Great Time for Streeterville Buyers & Sellers: Neighborhood Update
- 08/24/17 01:24 PM
Start your Streeterville home search here.
Streeterville
Housing Type: Condo
As we were seeing in our last report much of Streeterville is in a balanced market and the higher priced condos, $1m+ are just barely in a buyers market. This downtown neighborhood may have a lot more inventory than most, but with average market times of just around a month or two the demand to live in Streeterville remains quite high. This makes a great opportunity for both buyers and sellers. There is a good variety of homes for buyers to choose from and sellers who list their home to sell are selling quickly. The median sales price … (0 comments)
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condominium: Low Inventory Sells River West Homes in Any Season:Neighborhood Update
- 08/24/17 12:30 PM
Start your River West/Fulton River District home search here.
River West/Fulton River District
Housing Type: Condo
The homes that sold did so very quickly, but there are now more homes on the market than there were in our last report. However, inventory remains extremely low. If you are thinking about selling and think you missed the summer market it's ok, there is still time to list. Homes may not traditionally sell as fast in the off season, but with such little inventory the seasonality of the market is subdued. Buyers who come out even after the summer months tend to be more serious about finding a home. Serious buyers … (0 comments)
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condominium: Design & Finishes will Sell River North Townhomes: Neighborhood Update
- 08/24/17 10:19 AM
Start your River North home search here.
River North
Housing Type: Condo
The seller's market we have been seeing continues with the higher priced homes pushing into a balanced market. Average market times in the lower price ranges are remaining between 1-2 months. This is great news if you want to sell your home fast. A fast sale is never guaranteed, so be sure to price it for the market and stage it well. The median sales price of River North condos was $415,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
River North
Housing Type: Townhome
The townhomes that are available are representative of only a few developments. Buyers will likely choose … (0 comments)
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condominium: Most New East Side Condos Selling in 1-2 Months: Neighborhood Update
- 08/24/17 08:59 AM
Start your New East Side home search here.
New East Side
Housing Type: Condo
Many price ranges are continuing to push towards a balanced market, as we saw in our last report. However, with market times of only 1-2 months sellers are still enjoying short listing times. One home noticeably took over 900 days to sell. It was on and off the market since 2014, during which time the asking price was most often at $799k. Its last asking price was $789k + $50k for parking and it sold for $769k including parking. We can only imagine how much more quickly it would have sold if … (0 comments)
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condominium: South Loop Townhomes Just as in Demand as Ever: Neighborhood Update
- 08/23/17 04:47 PM
Begin your South Loop home search here.
South Loop
Housing Type: Condo
Inventory levels have either dropped slightly or stayed about the same since our last report. Market times have been pretty low too. In the $700-800k range and the $1-2m range the last homes to close took approximately 150 days to sell however, the homes that are under contract in those categories have an average market time of only about 100 days. We tend to see a seasonal slow in the market as the summer wraps up, but with such low inventory to begin with this could be a great opportunity for sellers to move quickly. The … (0 comments)
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condominium: South Loop Duplex with 400sf Terrace
- 08/17/17 04:21 PM
View current inventory of 3+ bedroom condos in Chicago's Near South Side.
Listing Details
Duplex with 400sf Terrace
51 W 15th J2, CHICAGO, IL 60605
Original List Price: $625,000
MLS number: 09722830
Bedrooms: 3
Bathrooms: 2.1
Square Footage: 2100
Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing.
Spacious and Modern
Snuggle up to a fire while overlooking your 400sf terrace. When entertaining the cook's kitchen has you covered with granite counters and stainless steel appliances, including a large refrigerator as well as plenty of cabinet space you have room for everything. The main living level is complete with an additional family room and dining room combo adjacent to … (2 comments)
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condominium: Loop Market is Steady: Neighborhood Update
- 08/13/17 02:12 PM
Begin your Chicago Loop home search here.
Loop
Housing Type: Condo
The balanced market we were seeing take form in our last report is holding steady. This makes this market great for buyers and sellers of homes priced over $600k. The seller's market is still strong among the lower priced homes where not only is the inventory low homes are also selling at a fast pace. Buyers need to be ready to make a decision when they find a home they like. The median sales price for condos was $335,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
Loop
Housing Type: Townhome
All of the townhomes that are available are in Dearborn Park. More homes … (0 comments)
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condominium: Seller's Market Continues in West Loop Gate: Neighborhood Update
- 08/11/17 03:46 PM
Start your West Loop Gate home search here.
West Loop Gate
Housing Type: Condo
The market is continuing at the same pace as our last report. Many homes are still selling in just under a month or two. However, a few homes have been on the market for over 100 days. Even in a hot seller's market homes need to be priced fairly and well presented. Buyer's have a lot of information at their disposal and they will wait or look elsewhere if the homes that are available are not priced well. The median sales price for condos last month was $339,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
Start your West Loop … (0 comments)
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condominium: Inventory Declining Among Prairie District Condos: Neighborhood Update
- 08/09/17 02:10 PM
Start your Prairie District Neighborhood home search here.
Prairie District
Housing Type: Condo
In general, inventory has been declining among condos, since our last report. It looks like there is a spike in the $600-700k range, however, most of the homes that are listed have been listed for less than a month. The last sale in this price range was about three months ago. The homes that are under contract currently have market times of 13 days and 40 days. The month's supply of inventory could drop when these two homes close. The median sales price for Prairie District condos was $365,025.
Price Range: $400,000-$800,000
Price Range: … (0 comments)
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condominium: Market Times Vary Widely Among Wrightwood Houses: Neighborhood Update
- 08/06/17 02:00 PM
Start your Wrightwood Sheffield/DePaul home search here.
Wrightwood Sheffield/DePaul
Housing Type: Condo
Condos continue to sell fast and in some price ranges the month's supply of inventory is even lower than it was in our last report. While there were a few homes that took over 100 days to sell over 80% of the homes that closed sold in less than 100 days, in fact, most of them took less than 40 days to sell. More of the active homes have been on the market for over 40 days, but 65% of them have been on for less than 100 days so far. We could see … (0 comments)
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condominium: Museum Park Market Steady: Neighborhood Update
- 08/05/17 12:43 PM
Start your Museum Park at Central Station home search here.
Museum Park at Central Station
Housing Type: Condo
The condo market in Museum Park has been holding steady since our last report. The seller's market continues and homes are taking about 100 days to sell. There haven't been significant changes in inventory levels or market times, so it's likely that the seller's market will continue through the fall season. The median sales price for condos in Museum Park was $485,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
Museum Park at Central Station
Housing Type: Townhome
Although one townhome took 315 days to sell the average market time for those that are under contract … (0 comments)
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condominium: Townhomes Sold Out in Roscoe Village: Neighborhood Update
- 08/04/17 04:14 PM
Roscoe Village
Housing Type: Condo
Condo sales have not slowed down a bit since our last report. Buyers need to be ready to jump! There were 7 sales in the $400-500k range last month and the average market time for all 7 of those sales was only 6 days. It's no wonder the median sales price was $418,000.
Price Range: $400,000-$800,000
Roscoe Village
Housing Type: Townhome
After 218 days on the market the last townhome sold in Roscoe Village. Townhomes are now sold out! There were a few listings that cancelled over the past two months, so we might see them come back to the market. The home … (0 comments)
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condominium: Overall Lakeview East Remains in Seller's Market: Neighborhood Update
- 08/03/17 11:37 AM
Start your Lakeview East home search here.
*Note: You may have noticed our daily updates have not been daily lately. Unfortunately, we are having issues with our website that have held us back from the updates. We seem to be close to a solution, so hopefully, we can move forward and our website will be fully functioning soon! These charts will continue to represent the last month of activity, but we will continue to refer to our most recent reports.
Lakeview East
Housing Type: Condo
Overall the condos in this neighborhood continue to be in a seller's market. In the last report, we talked about how the … (0 comments)
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condominium: Lincoln Park Townhomes Still Selling FAST: Neighborhood Update
- 08/02/17 05:36 PM
Start your Lincoln Park home search here.
*Note: You may have noticed our daily updates have not been daily lately. Unfortunately, we are having issues with our website that have held us back from the updates. We seem to be close to a solution, so hopefully, we can move forward and our website will be fully functioning soon! These charts will continue to represent the last month of activity, but we will continue to refer to our most recent reports.
Lincoln Park
Housing Type: Condo
Among the lower price condos inventory levels are creeping up since our last report. they are still very much in a sellers … (0 comments)
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condominium: Remodled Vintage Queen for Rent
- 07/21/17 01:38 PM
View current inventory of 1+ bedroom rentals in Lakeview.
Listing Details
Remodeled Vintage Beauty in Lakeview
720 W Sheridan 1N, CHICAGO, IL 60613
Original List Price: $1,700
MLS number: 09692028
Bedrooms: 1
Bathrooms: 1
Square Footage: 850
Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing.
Vintage Queen in East Lakeview
Close to Mariano's, restaurants, and Wrigley Field this beautiful vintage home is in a vibrant part of Lakeview East. Who needs a gym when you are only steps away from Waveland Softball Fields, Tennis Courts, and Sydney R. Marovitz Golf Course. Old world meets new in this recently renovated home.
Click here to learn more about this Lakeview Duplex
A Modern Take … (6 comments)
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condominium: More Inventory Among Bucktown Single Family Homes: Neighborhood Update
- 07/16/17 01:09 PM
Start your Bucktown home search here.
Bucktown
Housing Type: Condo
Not very many condos came to the market since our last report and homes are still selling super fast. Most of them have a market time of under one month making the two price ranges with an average market time of 70 days look long, that's just over two months. To simply state Bucktown is still in a seller's market is nearly an understatement. This is great news for sellers, but it is still important to price your home for the market. Buyers are savvy and they don't want to overpay if they can just wait for … (0 comments)
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Start your Wicker Park home search here.
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