Old Town Market Differs from Nearby Gold Coast: Neighborhood Update

Start your Old Town home search here.

 

Old Town & Old Town Triangle 

Housing Type: Condo

Condos are continuing to sell fast in Old Town which is keeping the seller's market, we've been watching, going strong. Interestingly, this is in contrast to the Gold Coast, the small neighborhood just south of Old Town, which as we saw in our report yesterday, is in a balanced market and in some price ranges even in a buyer's market. This is a great example of how local real estate is. And how even among the many, many neighborhoods in Chicago you can find big differences in how the market is behaving. The median sales price for condos in Old Town was $330,000.

 

Price Range: $400,000-800,000

Price Range: $800,000+

 

 

Old Town & Old Town Triangle 

Housing Type: Townhome

There has been a nice spike in listings among the townhomes, which is great! They are still very much in a seller's market, but with a few more choices buyers can feel more confident that the home they choose is one they will enjoy for a long time. The median sales price among townhomes was $626,000.

 

Price Range: $400,000-800,000

 

 

 

Price Range: $800,000+

 

Old Town & Old Town Triangle

Housing Type: Single Family

We've seen a slight increase in listings in the higher price ranges, which is pushing them into a balanced market. The average closing time overall was 97 days. However, the home that has a listing time of 995 days is still under contract. We'll keep an eye out for when it closes to see what affect it has on the market. The median sales price of single family homes was $1,350,000.

 

Price Range: $600,000-1,000,000 

 

 

Price Range: $1,000,000+

Start your Old Town 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!

Price Range: $400,000-800,000
Price Range: $400,000-800,000
Price Range: $400,000-800,000
Price Range: $600,000-1,000,000
Price Range: $600,000-1,000,000

Terri Buseman

Your Real Estate Partner

signature_1301872435

 

Visit: TerriBuseman.com

Cell: 312 208 5166

cid:image002.png@01D48D81.E31E2C10cid:image003.png@01D48D81.E31E2C10 cid:image004.png@01D48D81.E31E2C10 cid:image005.png@01D48D81.E31E2C10 cid:image006.png@01D48D81.E31E2C10 cid:image007.png@01D48D81.E31E2C10 

 

Comment balloon 2 commentsTerri Buseman • July 12 2017 09:57PM
Old Town Market Differs from Nearby Gold Coast: Neighborhood Update
share
Start your Old Town home search here Old Town & Old Town Triangle Housing Type: Condo Condos are continuing to sell fast in Old Town which is keeping the seller's market, we've been watching going strong. Interestingly, this is in… more
Seller's Market Steady in University Village: Neighborhood Update
share
Start your University Village/Little Italy home search here University Village/Little Italy Housing Type: Condo Inventory levels are holding steady with homes coming to the market at about the rate that they go under contract. However, market… more
Condo Seller's Market May Be Slowing in West Loop: Neighborhood Update
share
Start your West Loop home search here West Loop Housing Type: Condo The West Loop is remaining in a seller's market. As we mentioned in the last report most homes are listed in April, May, and June. We are still seeing close to as many new… more
Buyer's Market in the Gold Coast: Neighborhood Update
share
Start your Gold Coast home search here Gold Coast Housing Type: Condo More homes came to the market than went under contract since our last report Most of the condos in the Gold Coast are now in a buyer's market. There is a little more… more
Is Streeterville Approaching a Buyer's Market? Neighborhood Update
share
Start your Streeterville home search here Streeterville Housing Type: Condo In most price ranges more condos came to the market than went under contract since our last report. This is pushing the inventory up slightly in most categories and… more
Pricing is Extremely Important: River West Neighborhood Update
share
Start your River West/Fulton River District home search here River West/Fulton River District Housing Type: Condo The market is holding steady compared to our last report Inventory levels are still quite low, save for the $1-2m market, which… more
A Duplex with Garage and Rooftop Deck in Lakeview
share
View current inventory of 3+ bedroom rentals in Lakeview Listing Details A Duplex with Garage and Rooftop Deck in Lakeview 3117 A N Orchard 1, CHICAGO, IL 60657 Original List Price: $3, 200 MLS number: 09668760 Bedrooms: 3 Bathrooms: 2. 1 Square… more
North and West Views of Downtown
share
View current inventory of 2+ bedroom condos in Chicago's Loop Listing Details North and West Views of Downtown 161 W Harrison, CHICAGO, IL 60605 Original List Price: $420, 000 MLS number: 09663482 Bedrooms: 2 Bathrooms: 2 Square Footage: 1450 … more
Some River North Condos in a Balanced Market: Neighborhood Update
share
Start your River North home search here River North Housing Type: Condo Condos are still selling fast, as they were last month They are being listed at close to the same rate as they are selling, but in the higher price ranges there has been… more
The Market Could Be Changing in the New East Side: Neighborhood Update
share
Start your New East Side home search here New East Side Housing Type: Condo We are seeing either a lack of movement or an increase in inventory, since our last report, among the $500k-2m price ranges. This is pushing the month's supply of… more