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Homes Selling Quickly in Museum Park: Neighborhood Update

By
Real Estate Agent with RE/MAX Premier Properties

Start your Museum Park at Central Station home search here.

Museum Park at Central Station

Housing Type: Condo

Just like last month we have seen a small increase in inventory. With most condos selling in less than a few months this is great news for buyers. Inventory is still quite low, so sellers can expect to see a lot of interest in their listing. Having a few more homes available for sale eases the stress on buyers of dealing with multiple offers and not having enough choice. The median sales price for condos in Museum Park was $515,000.

 

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

Museum Park/Central Station Chicago Real Estate Market Trends

Museum Park/Central Station Chicago Real Estate Market TrendsPrice Range: $800,000+

Museum Park/Central Station Chicago Real Estate Market Trends

Museum Park/Central Station Chicago Real Estate Market Trends

Museum Park at Central Station

Housing Type: Townhome

Out of the 5 townhomes that are under contract 3 have listing times of under a month. In fact, 2 of them weren't even listed for a week! Buyers are searching for townhomes and they are making offers as soon as they can. Sellers who list their home for just under market value could spark a bidding war and potentially sell for even more than they thought! The median sales price for townhomes in Museum Park was $575,000.

 

Price Range: $400,000-800,000

Museum Park/Central Station Chicago Real Estate Market Trends

Museum Park/Central Station Chicago Real Estate Market Trends

Price Range: $800,000+

Museum Park/Central Station Chicago Real Estate Market Trends

Start your Museum Park at Central Station 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 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.

 


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Posted by

Terri Buseman

Your Real Estate Partner

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Visit: TerriBuseman.com

Cell: 312 208 5166

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