South Loop (Chicago, IL)
By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
aBegin your South Loop home search here.  South LoopHousing Type: CondoInventory levels are remaining stable since our last report. Most homes are taking a few months to sell. However, we are still largely seeing a seller's market among South Loop condos. As we head into the holiday season and the winter months the market can slow down a little bit. Don't let that frustrate you as a seller. Buyers are still out looking and typically those who look in the winter months are more serious about making an offer. The median sales price for condos was $380,000. Price Range: $400,000-$800,000Price Range: $800,000+ South LoopHousing Type: TownhomeWith many townhomes continuing to sell in a matter of days, this market is still hot! This is great for pushing up prices, but sellers need to take car...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
View current inventory of 1+ bedroom condos in Chicago's Near South Side.Listing Details 1 Bedroom Condo with West Exposure61 W 15th 407, CHICAGO, IL 60605Original List Price: $225,000MLS number: 09788528Bedrooms: 1Bathrooms: 1 Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing. Western Exposure from Every RoomThis home stays bright all day long with sun shining in from the west. A u-shaped kitchen provides plenty of room for cabinetry and large counters. Find the washer and dryer directly behind the entryway. Enjoy a view of the skyline from the balcony. New carpeting welcomes you into the bedroom, which also has a walk-in closet. An extra large counter in the bathroom provides additional storage. A prime indoor parking spot is also avai...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Begin your South Loop home search here.  South LoopHousing Type: CondoWe are seeing a slight increase in inventory since our last report. Some of the higher price ranges are just at the cusp of a balanced market. This is good for buyers and sellers. When buyers have some homes to compare they feel more confident in making a decision. Sellers may see a slight increase in market times, but if they can encourage a fast sale by pricing the home fairly and making the home look beautiful, spacious, and up to date. The median sales price for condos was $314,312. Price Range: $400,000-$800,000Price Range: $800,000+ South LoopHousing Type: TownhomeThe inventory of townhomes continues to be low and the properties continue to sell pretty fast. As the holiday season looms in the near future sellers...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Begin your South Loop home search here.  South LoopHousing Type: CondoInventory levels have either dropped slightly or stayed about the same since our last report. Market times have been pretty low too. In the $700-800k range and the $1-2m range the last homes to close took approximately 150 days to sell however, the homes that are under contract in those categories have an average market time of only about 100 days. We tend to see a seasonal slow in the market as the summer wraps up, but with such low inventory to begin with this could be a great opportunity for sellers to move quickly. The median sales price for condos was $330,000. Price Range: $400,000-$800,000Price Range: $800,000+ South LoopHousing Type: TownhomeTownhomes are still in very high demand in the South Loop. When one c...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
View current inventory of 3+ bedroom condos in Chicago's Near South Side.Listing Details Duplex with 400sf Terrace51 W 15th J2, CHICAGO, IL 60605Original List Price: $625,000MLS number: 09722830Bedrooms: 3Bathrooms: 2.1Square Footage: 2100 Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing. Spacious and ModernSnuggle up to a fire while overlooking your 400sf terrace. When entertaining the cook's kitchen has you covered with granite counters and stainless steel appliances, including a large refrigerator as well as plenty of cabinet space you have room for everything. The main living level is complete with an additional family room and dining room combo adjacent to the kitchen and a powder room for convenience. All three bedrooms are on the...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
Begin your South Loop home search here.  South LoopHousing Type: CondoJust like we saw yesterday in the Loop inventory is increasing slightly over last month and pushing the condos that are priced at $600k and higher into a balanced market. Both sellers and buyers tend to enjoy a balanced market. There is the right amount of inventory for demand. A seller who has been keeping a close eye on the market might feel it slowing down, but there is no need to panic. Homes that are priced and marketed well still sell quickly. The best strategy is to price your home at or just a little below market value. Buyers are still prepared for the potential of multiple offers and won't hesitate to bid over your asking price, if they feel the value is there. If you try to price ahead of the market, that i...
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By Terri Buseman, Downtown Chicago
(RE/MAX Premier Properties)
View current inventory of 2+ bedroom homes for sale in the Loop. Listing Details Corner Townhome with Landscaped Backyard1240 S Federal B, Chicago IL 60605Original List Price: $439,000MLS number: 09637635Bedrooms: 2Bathrooms: 2 Call Terri Buseman at 312-208-5166 to see if this property is still available and arrange a showing. Remodeled Corner Unit TownhomeOf the 117 townhomes in this complex only 9 share this floorplan. Hardwood throughout and a kitchen that was remodeled in 2010, boasting cherry cabinets and Corian counter tops. Enjoy the living room year-round with a fireplace for the winter and access to the balcony in the summer. A family room and full bath on the first floor make it the perfect flex space for use as a guest room, office, play room, or whatever you need. This room ...
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