Start your West Loop home search here.
West Loop
Housing Type: Condo
There have been very few new listings since last month. The only price range that has a good amount of new sellers is the $400-600k range where 12 homes have gone under contract and 16 have been listed. But with all that activity, even with an average market time of 101 days, these homes are still only seeing 1.7 month's of inventory. The West Loop needs more sellers! Buyers are ready to move to the neighborhood, they just need a home to choose! The median sales price for condos was $403,000.
Price Range: $400,000-$800,000
Price Range: $800,000+
West Loop
Housing Type: Townhome
It almost looks like townhomes are selling out in the West Loop. There is such a small amount of inventory that in some price ranges it's under a month! As long as there are more buyers looking for homes than there are homes available prices will continue to climb. If you have been holding off on selling your townhome because you want to get more than you paid for it this might be the right time to consider it. The median sales price for townhomes was $700,000.
Price Range: $400,000-800,000
Price Range: $800,000+
West Loop
Housing Type: Single Family
There have been no major changes among the single family homes. The one that has been for sale expired and was promptly relisted.
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.
For information about real estate in Chicago or resources in your area please contact us and sign up for our free market report!
Comments(2)