Bucktown Homes Continue to Sell Fast: Neighborhood Update

By
Real Estate Agent with RE/MAX Premier Properties

Start your Bucktown home search here.

Bucktown

Housing Type: Condo

Like last month the same number of condos that have gone under contract have come to the market. This market is still moving pretty fast with an overall sales time of 33 days. We are continuing to watch if this is going to slow as the average market time for condos under contract is 63 days and for those that are available, it is 74 days. Of the 16 homes that are available, only 4 have market times of over 100 days. The median sales price for condos in Bucktown was $560,000.

 

Price Range: $400,000-$800,000

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

Price Range: $800,000+

Bucktown Chicago Real Estate Market Trends

 

Bucktown

Housing Type: Townhome

Nothing new has come to this market. Overall the average market time for the sold townhomes was 27 days and for those under contract it is 44 days. These homes are still selling very fast. If you are thinking of listing yours you can list it at any time. With so much demand the winter season might not be enough to slow down buyers. The median sales price for townhomes in Bucktown was $634,000.

 

Price Range: $400,000-$800,000

Bucktown Chicago Real Estate Market Trends

Bucktown

Housing Type: Single Family

There have been some super fast sales with an overall average market time of only 7 days! Of the 3 homes that sold 1 was new construction. Not everything is selling so fast however. The average market time for the homes that are under contract is 93 days and for those that are active it is 121 days. About half of the homes that are on the market are new construction and all but one of them is in the $1-2m range, which is why that price range has the highest amount of inventory. The median sales price for single family homes in Bucktown was $1,225,000.

 

Price Range: $400,000-$800,000

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

Price Range: $800,000+

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

 

Start your Bucktown 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 doeesn't 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!

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Terri Buseman

Downtown Chicago
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