Great Time for Streeterville Buyers & Sellers: Neighborhood Update

By
Real Estate Agent with RE/MAX Premier Properties

Start your Streeterville home search here. 

 

Streeterville

Housing Type: Condo

As we were seeing in our last report much of Streeterville is in a balanced market and the higher priced condos, $1m+ are just barely in a buyers market. This downtown neighborhood may have a lot more inventory than most, but with average market times of just around a month or two the demand to live in Streeterville remains quite high. This makes a great opportunity for both buyers and sellers. There is a good variety of homes for buyers to choose from and sellers who list their home to sell are selling quickly. The median sales price for condos in Streeterville was $385,000.

Price Range: $400,000-$800,000 

Price Range: $800,000+

Streeterville

Housing Type: Townhome

A few more townhomes have come to the market. They are all in the same development. Most have 3b/3ba and the largest and most expensive has 4 bedrooms. One of them also has a land lease which makes the price of the home significantly lower, but unless the buyer also purchases the land he will have an additional monthly payment for that. Buyer will take that under consideration and also choose carefully among the finishes to find the home that they will need to put the least amount of work into to make it feel like theirs. The home that sold closed at $1,385,000.

Price Range: $400,000-800,000

Price Range: $800,000+


Start your Streeterville 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 doesn'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!

Posted by

Terri Buseman

Your Real Estate Partner

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Visit: TerriBuseman.com

Cell: 312 208 5166

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