Start your West Loop home search here.
West Loop
Housing Type: Condo
In the $400-600k range the market is moving just as fast as we saw last month. It looks to be slowing down a little bit in the higher price ranges with longer market times and less activity. However, in general the market times are still hovering around a month or less for all price ranges. There is plenty of room for more sellers in this market, there are many buyers who would probably love to have a few more choices. As we continue to see such low inventory that moves super fast prices will continue to go up a bit. This is a great time to sell, if you wait to list until the prices are at their peak you will miss it. The median sales price for condos was $360,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
West Loop
Housing Type: Townhome
The townhomes that are selling are moving very fast. This market still needs more sellers. Of all of the $400k+ townhomes that sold the average market time was only 12 days! For those that are under contract the average time is 65 days and of those that are still active it is 93 days. However, if we disregard the two that are over $2m that drops to 62 days and we are now looking at prices ranging from $470k-1.05m. The median sales price for townhomes was $820,750.
Price Range: $400,000-800,000
Price Range: $800,000+
West Loop
Housing Type: Single Family
There have been no changes among the single family homes.
Price Range: $800,000+
Start your West 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 does have houses) 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.
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