single family house: Sell Your South Loop Condo Before Spring: Neighborhood Update
- 03/16/17 08:27 AM
Begin your South Loop home search here.
South Loop
Housing Type: Condo
Just a few more homes came to the market than went under contract and sold since last month. It's hardly been enough to push inventory levels up, but homes are taking a few months to sell, so as we move into the spring market we may see it start to balance out. If you want to sell quickly now is the time to do it. List your home before the spring market hits and make sure it is decluttered, marketed well, and priced fairly. You will have a better chance at selling while … (3 comments)
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single family house: Inventory Increasing in Prairie District: Neighborhood Update
- 03/10/17 02:38 PM
Start your Prairie District Neighborhood home search here.
Prairie District
Housing Type: Condo
Condos in the Prairie District are still moving at a pretty steady pace, as we discussed last month. In the $400-500k range, where there were multiple closings, we can see it still took an average of 4 months for the homes to sell. As we predicted this pace is slowly pushing up the month's supply of inventory. In the spring months we usually see an increase in sellers. If that happens this year this market will stay on track towards balancing out. The median sales price for Prairie District condos was $378,500.
Price … (0 comments)
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single family house: More Single Family Homes for Sale in Sheffield: Neighborhood Update
- 03/09/17 12:31 PM
Start your Wrightwood Sheffield/DePaul home search here.
Wrightwood Sheffield/DePaul
Housing Type: Condo
Condos in the Wrightwood Sheffield neighborhood are holding steady since last month. Nearly the same number of homes came to the market as went under contract keeping the inventory levels as is. The seller's market continues, but spring is not here yet. We could see parts of this market balance out if some more homeowners decide to sell. The median sales price for condos was $549,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
Wrightwood Sheffield/DePaul
Housing Type: Townhome
There are more townhomes available, which is good for buyers, but there still aren't many choices. The $1-2m range is the only price range, … (2 comments)
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single family house: Roscoe Village Single Family Homes Balanced Market:Neighborhood Update
- 03/07/17 12:42 PM
Start your Roscoe Village home search here.
Roscoe Village
Housing Type: Condo
As we noted last month, this market is still moving fast. Condos are going under contract at a similar rate as they are coming to the market. The average market time of the two homes that sold in the $400-500k range is pretty high, but one of them took 347 days, which is a long sales time in any market. A better indicator of how quickly homes are selling in this price range might be the average market time of homes that are under contract. It is currently 73 days and that is among 5 … (0 comments)
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single family house: Lakeview East Condos Selling Fast: Neighborhood Update
- 03/06/17 02:28 PM
Start your Lakeview East home search here.
Lakeview East
Housing Type: Condo
In the lower price ranges we are seeing a few more homes come to the market than go under contract, but it's not a huge difference. The biggest change since last month was the $400-500k range where 18 homes went under contract and 21 homes came to the market. It's almost like there was a complete turn over of listings. The average market time for the ones that are under contract is only 38 days. While the average market time for those that sold is 72 days. Sellers can still sell quickly if they … (0 comments)
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single family house: Plenty of Buyers in Lincoln Park: Neighborhood Update
- 03/03/17 03:00 PM
Start your Lincoln Park home search here.
Lincoln Park
Housing Type: Condo
Over the past month in nearly every price range either the same amount or more condos came to the market than went under contract. These homes have been selling very fast, in 3 months or less for most of them. They are still in a buyers market, so a little added inventory is quite welcome. The largest increase in inventory is in the $400-500 range where 18 listings became active. Even at that the months supply is still low at 2 months. The median sales price for condos in Lincoln Park was $499,950.
Price Range: … (0 comments)
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single family house: Listings Moving Fast in Bucktown: Neighborhood Update
- 02/28/17 03:48 PM
Start your Bucktown home search here.
Bucktown
Housing Type: Condo
Condos continue to sell quickly, as we saw last month. With market times and month's supply of inventory at around or less than a month the seller's market is looking like it will continue for quite some time in this neighborhood. The exception is in the $1m+ range. The 2 homes with the longest list time are new construction. One of the resale homes went under contract after only 43 days. Nothing else in resale has gone under contract or closed in the past 6 months, which makes the months supply of inventory harder to gauge. … (3 comments)
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single family house: Buyer's Flocking to Wicker Park: Neighborhood Update
- 02/28/17 12:08 PM
Start your Wicker Park home search here.
Wicker Park
Housing Type: Condo
Even in the new year this market is not slowing down. Most of the condos that are under contract in the $400-500k range were not on the market last month. The same is true for condos priced over $800k. Overall market times are still under two months. Sellers don't need to wait to spring fo the buyers to come out, they are ready and searching! The median sales price for condos in Wicker Park was $390,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
Wicker Park
Housing Type: Townhome
Only one townhome came to the market over the last month, but … (0 comments)
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single family house: Sellers Study the Market Carefully: Old Town Neighborhood Update
- 02/27/17 11:19 AM
Start your Old Town home search here.
Old Town & Old Town Triangle
Housing Type: Condo
There has been a notable increase in listings and condos going under contract over the past month. A few of them are in a new development at 1317 N Larabee, but that complex only has 14 condos. Currently, among the condos listed for $400k+ the average market time is only 68 days and the market time for those that are under contract is 74 days. This number might even decrease as these homes close. Of the 23 that are under contract nearly half have a listing time of under … (0 comments)
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single family house: Sellers Will Love Spring in University Village: Neighborhood Update
- 02/24/17 03:08 PM
Start your University Village/Little Italy home search here.
University Village/Little Italy
Housing Type: Condo
Only a few condos have come to the market since last month. Market times are still pretty low with an overall market time of 118 days for closed condos and 88 days for those under contract. This is keeping the month's supply of inventory very low too. It will be a great spring for sellers, as there are plenty of buyers looking in this neighborhood. The median sales price for condos was $372,675.
Price Range: $400,000-$800,000
University Village/Little Italy
Housing Type: Townhome
More townhomes came to the market in these price ranges, but there is still … (0 comments)
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single family house: West Loop Condos Flying off the Market: Neighborhood Update
- 02/22/17 10:23 AM
Start your West Loop home search here.
West Loop
Housing Type: Condo
There are 20 homes that have gone under contract or sold in less than 30 days, in the $400-500k price range. Last month it may have seemed like having 16 homes available in that range was a lot, but as we can see buyers are snatching up condos in the West Loop just as soon as they are listed. Pricing for the market is the most important step a seller can take for a quick sale. In fact it has a great impact on how many buyers will see the listing. Check out … (0 comments)
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single family house: Plenty of Buyers and Sellers for Gold Coast Condos:Neighborhood Update
- 02/17/17 08:01 AM
Start your Gold Coast home search here.
Gold Coast
Housing Type: Condo
The Gold Coast condo market is remaining close to balanced. In most price ranges just about the same amount of homes came to the market as went under contract and sold in the last month. The notable exception is in the $1-2m range where more came to the market, pushing its inventory level towards a buyer's market. Sellers in the Gold Coast should be prepared for a listing time of a few months. They have more competition than in other neighborhoods, but there are also plenty of buyers looking for these homes. This market is really … (0 comments)
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single family house: 9 Condos Under Contract Within 30 days: River West Neighborhood Update
- 02/15/17 10:42 AM
Start your River West/Fulton River District home search here.
River West/Fulton River District
Housing Type: Condo
Nine of the eleven homes that are under contract in the $400-500k range were newly listed after our last report. All the homes that are under contract in that price range have and average market time of 35 days. Many sellers are used to the idea of waiting for spring to list their home, but this winter is throwing that trend out the window. Since inventory has been so low buyers are ready to jump as soon as the home they like comes to the market. If you are thinking of … (0 comments)
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single family house: Price Your South Loop Home To Sell: Neighborhood Update
- 02/10/17 10:40 AM
Begin your South Loop home search here.
South Loop
Housing Type: Condo
More homes went under contract and sold than came to the market in nearly every price range since last month. We need this pattern to continue so inventory levels can rise and the South Loop can reach a balanced market. The neighborhood is still in a seller's market and parts of it could remain there for another year. The spring market starts in just two months and that is when most homes come to the market, so in a few months we will likely see the year's height of inventory for this market. … (0 comments)
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single family house: Townhomes Leading Activity in Dearborn Park: Neighborhood Update
- 02/07/17 11:58 AM
Start your Dearborn Park & Dearborn Mews home search here.
Dearborn Park & Dearborn Mews
The only activity that occurred over the past month in the $400k+ price ranges was in townhomes. Two lower priced condos sold with a median sales price of $190,000 and an average market time of 19 days. Townhomes continue to mover quickly. One sold in only two days! The average market time for condo sales was 129 days, which shows that even when some homes are selling in less than a week a short market time is never guaranteed. Sellers still need to market their home carefully and price it … (2 comments)
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single family house: Prairie District Homes Taking a Few Months to Sell:Neighborhood Update
- 02/06/17 08:12 AM
Start your Prairie District Neighborhood home search here.
Prairie District
Housing Type: Condo
There hasn't been much activity since last month. The condo that was listed for over $1m has been temporarily taken off the market. We may see it return soon. Two condos went under contract and more came to the market. Average listing times for all price ranges are around 4 months. If this pace continues this neighborhood could be pushing a balanced market in the near future. The median sales price for Prairie District condos was $262,750.
Price Range: $400,000-$800,000
Prairie District
Housing Type: Townhome
While many homes are taking over 100 days to sell in this … (1 comments)
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single family house: Townhomes Selling Fast in Sheffield: Neighborhood Update
- 02/03/17 10:51 AM
Start your Wrightwood Sheffield/DePaul home search here.
Wrightwood Sheffield/DePaul
Housing Type: Condo
Since last month there has been a little spike in the month's supply of inventory for homes in the $700-800k range. A few have come to the market in this range and we haven't seen any more go under contract yet. As those that are under contract close we might see this number drop a little, but if more homes come to the market as homeowners prepare for the spring season we could see this price range hit a balanced market. Average market times haven't really changed much and of the homes that are … (2 comments)
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single family house: Seller's Market Poised to Continue: Roscoe Village Neighborhood Update
- 02/01/17 02:32 PM
Start your Roscoe Village home search here.
Roscoe Village
Housing Type: Condo
This year is taking a fast start. Of the 7 condos that are under contract 4 of them came to the market since our last report! As we saw in that report the month's supply of inventory has been extremely low for the past year. If homes in this neighborhood continue to have such low market times then the seller's market will continue. This is great news for savvy sellers who want a quick closing, but both buyers and sellers will have to do their homework so they can move quickly. The median sales price … (0 comments)
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single family house: Lakeview East Neighborhood Update: Year in Review 2016-2017
- 01/31/17 01:09 PM
Start your Lakeview East home search here.
Lakeview East
Housing Type: Condo
It looks like as soon as the holiday season ended the market activity came back. In fact, so many homes went under contract and sold since last month that the month's supply of inventory has gone down a bit. It's still either in a seller's market or balanced, as it has been for the past year, but if this activity continues as we come into the spring market we could see all of these condos in a balanced market. The median sales price for condos over the past month was $292,000 and for the … (2 comments)
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single family house: Lincoln Park Neighborhood Update: Year in Review 2016-2017
- 01/30/17 10:45 AM
Start your Lincoln Park home search here.
Lincoln Park
Housing Type: Condo
A lot of condos have been listed over the past month. A few quick sales have been keeping the month's supply of inventory stable. It's still deep in a seller's market for the lower priced homes, but as the value of the homes increases so does the supply. The higher priced condos are actually in a buyer's market and have been all year. This past month saw such a large increase in listings that when the spring market comes along, if we see the same spike we normally do those inventory increases could push … (0 comments)
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Begin your South Loop home search here. 
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