Bucktown in Both Buyer's and Seller's Market: Neighborhood Update

By
Real Estate Agent with RE/MAX Premier Properties

Start your Bucktown home search here.

Bucktown

Housing Type: Condo

The surge of listings we talked about in our last report have already started to sell through. With homes continuing to sell in less than two months this neighborhood is clearly in high demand! Sellers can be encouraged this winter, no need to wait until spring to sell, the buyers are still out in full surge. The median sales price for condos in Bucktown was $517,000.

 

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

Price Range: $800,000+

Bucktown

Housing Type: Townhome

The townhomes have sold through again with an average market time of 19 days. Those that are under contract have an average market time of 58 days. The median sales price for townhomes was $567,000.

Price Range: $400,000-$800,000 

Bucktown

Housing Type: Single Family

The $1-2m range is still in a buyer's market, completely different from the rest of the neighborhood. About 40% of the homes are new construction. Sellers in this market should be conscious of their competition. When competing against new construction it becomes even more vitally important that your home is in the best shape you can get it in before listing. The median sales price for single-family homes was $825,000. 

 

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

Price Range: $800,000+

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!

Posted by

Terri Buseman

Your Real Estate Partner

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Visit: TerriBuseman.com

Cell: 312 208 5166

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