Townhomes Sold Out in Roscoe Village: Neighborhood Update

Roscoe Village

Housing Type: Condo

Condo sales have not slowed down a bit since our last report. Buyers need to be ready to jump! There were 7 sales in the $400-500k range last month and the average market time for all 7 of those sales was only 6 days. It's no wonder the median sales price was $418,000. 

 

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

Roscoe Village

Housing Type: Townhome

After 218 days on the market the last townhome sold in Roscoe Village. Townhomes are now sold out! There were a few listings that cancelled over the past two months, so we might see them come back to the market. The home that closed sold for $1,210,000.

Price Range: $800,000

Housing Type: Single Family Roscoe Village

The single family homes are still enjoying a seller's market. We have been watching the inventory drop among the $1-2m homes all year. These homes have been a good mix of new and resale houses. Since the inventory has now dropped to a seller's market it is clear that the new construction was necessary to serve the demand for this neighborhood. The median sales price for single family homes was $1,201,500.

 

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

Price Range: $800,000+

Start your Roscoe Village 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!

Terri Buseman

Your Real Estate Partner

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Visit: TerriBuseman.com

Cell: 312 208 5166

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Comment balloon 0 commentsTerri Buseman • August 04 2017 11:14PM
Townhomes Sold Out in Roscoe Village: Neighborhood Update
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