Condo Markets Varied in Lakeview East: Neighborhood Update

Start your Lakeview East home search here.

Lakeview East

Housing Type: Condo

It doesn't look like there has been a lot of movement in this market since our last report with homes selling at about the same rate they come to the market. Sellers need to be prepared for their sales time to take a few months. They will also want to research their competition. Some price ranges have a little excess inventory and some are still a little low. See the chart at the end of this post to learn about how inventory levels affect prices. The median sales price for condos was $282,250.

 

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

Price Range: $800,000+

Lakeview East

Housing Type: Townhome

The seller's market continues strong among the townhomes. Buyers are ready to jump as soon as the home they like hits the market. Not only did the home that closed sell in only 8 days, but the average market time for those under contract is only 24 days. The median sales price for townhomes was $855,000.

    

Price Range: $400,000-800,000

Price Range: $800,000+

Lakeview East

Housing Type: Single Family

There were no changes among the single family homes. 

 

Price Range: $800,000+

 

Start your Lakeview East 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!

 

Terri Buseman

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Terri@TerriBuseman.com

www.TerriBuseman.com

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Comment balloon 0 commentsTerri Buseman • October 27 2017 03:59PM
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