The Market Could Be Changing in the New East Side: Neighborhood Update

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 inventory up for those homes. In most cases this neighborhood is still in a seller's market, but these changes have it facing a balanced market. Seller's might be noticing that there is more competition. It's not enough to significantly hinder sales time, but seller's will want to take care to market their listing competitively to help promote a faster sale. The median sales price for condos in the New East Side was $410,000.

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

Price Range: $800,000+

 Start your New East Side home search here.

 


For information about real estate in Chicago or resources in your area please contact us and sign up for our free market report!

 

*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.

Terri Buseman

Your Real Estate Partner

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Visit: TerriBuseman.com

Cell: 312 208 5166

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Comment balloon 4 commentsTerri Buseman • June 15 2017 09:47PM
The Market Could Be Changing in the New East Side: Neighborhood Update
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