Some Townhomes Selling Fast in Dearborn Park: Neighborhood Update

By
Real Estate Agent with RE/MAX Premier Properties

Start your Dearborn Park & Dearborn Mews home search here.

 

Dearborn Park & Dearborn Mews

Housing Type: Townhome

While the lack of inventory that we have been talking about among townhomes is continuing we are about to see a few quick sales. The one that sold took 105 days, which is in line with the market times in our last report. However, there are 3 homes under contract and they currently have an average market time of only 27 days. This is hopeful news if you are planning to list your home, but keep in mind that the homes that are still available have an average market time of 87 days with the least being 2 and the longest being 215. Fast sales can happen, but your home needs to be priced fairly. The median sales price among townhomes was $435,000.

Price Range: $800,000+

 

Dearborn Park & Dearborn Mews 

Housing Type: Single Family

There have been no changes among the single family homes in Dearborn Park.

 

Price Range: $400,000-800,000

 

Price Range: $800,000+

Start your Dearborn Park & Dearborn Mews 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.

 


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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