Buyers Searching in New East Side: Neighborhood Update

By
Real Estate Agent with RE/MAX Premier Properties

Start your New East Side home search here.

 

New East Side

Housing Type: Condo

Just a few more homes came to the market than went under contract over the past month, but not enough to make a big difference in the month's supply of inventory. We saw the biggest difference in the $500-600k range and the $1-2m range where there was only one sale each to base the inventory on. These homes are all still in a seller's market, there is more demand for these homes than there are homes available. A seller's market is when the month's supply of inventory is less than 6 months. Nationwide that supply is 3.6 and in this neighborhood, it is not much higher at 4.2. The demand is likely to continue for awhile, making it a great time to list your home! The median sales price for condos in the New East Side was $385,000.

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

 New East Side Chicago Neighborhood Real Estate Market Update

New East Side Chicago Neighborhood Real Estate Market Update

Price Range: $800,000+

New East Side Chicago Neighborhood Real Estate Market Update

New East Side Chicago Neighborhood Real Estate Market Update

 Start your New East Side home search here.

 


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*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.

Posted by

Terri Buseman

Your Real Estate Partner

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Visit: TerriBuseman.com

Cell: 312 208 5166

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