Begin your South Loop 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 Family Homes, Townhouses, and Condos, as available.
When looking at these charts please keep in mind that not every housing type is available in every neighborhood (the Loop only has condos) and some homes compete within even smaller subsections than these, meaning we can dig even further in this data. Please let me know if you would like a personal assessment of your target market.
Compare this data with last month's report.
South Loop
Housing Type: Condo
Price Range: $400,000-$800,000
South Loop
Housing Type: Condo
Price Range: $800,000+
South Loop
Housing Type: Townhome
Price Range: $400,000-$800,000
South Loop
Housing Type: Townhome
Price Range: $800,000+
It's clear the spring market is in full swing in the South Loop. We have had a spike in closings, which isn't surprising when you look at how many homes were under contract in the last report, yet there are nearly the same number of homes under contract now as there were last month. There are also just about as many homes for sale too. This means sellers are listing their homes and buyers are still snatching them up. The market time in the $500,000-700,000 range dropped dramatically from 141 days and 170 respectively, likely because there were so many sales.
Begin your South Loop home search here.
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