Bucktown Homes Selling Fast: Neighborhood Update

By
Real Estate Agent with RE/MAX Premier Properties

Start your Bucktown home search here.

Bucktown

Housing Type: Condo

There has been a noticeable drop in listings since last month. A few homes have cancelled and a new building with 5 listings has also cancelled. Having a whole building cancel all of its listings makes the drop look more dramatic. However, homes are still selling fast. The average market time for closed homes was 13 days. For those under contract it is at 85 days, so far, and the average for homes that are available is currently 87 days. The median sales price for condos in Bucktown was $540,000. 

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

 

Bucktown

Housing Type: Townhome

One listing was cancelled after 100 days on the market, but the other two in the same price range went under contract in 78 days and 100 days. It makes one wonder why the sellers decided to cancel the listing. Another, more expensive home, sold in only 8 days. There aren't any townhomes left in these price ranges, but if any are listed they have a good chance of selling quickly! The median sales price for townhomes in Bucktown was $750,000.

 

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

Bucktown Chicago Real Estate Market Trends

Bucktown Chicago Real Estate Market Trends

 

Bucktown

Housing Type: Single Family

We are still seeing some quick activity among the single family homes. There has been 1 sale and 3 pending contracts within one month of listing. Not all houses are selling so quickly though. Overall the average market time for sold houses is 102 days. For under contract listings it's 161 days and for active listings it is 148 days. Most of these homes are still in a seller's market, but the $1-2m range is in a balanced market. Sellers can expect the listing times to be a little longer as there is more competition, but there is also a big demand. The median sales price for single family homes in Bucktown was $689,500.

 

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

 

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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